Thank you for Following:

Thursday, January 26, 2012

Fixed Rates or Adjustable Rates

We are anxious to hear the final good news about the property that we bid last month. The seller of the townhouse accepted our offer in less than a week and it made us so happy. But, since the property was listed as a short sale, the bank of the seller will have to approve on the sellers' price. This would mean one thing; the sellers' bank has the last say about the price of the property. We both love this townhouse because the building is new and the HOA is minimal. We are hoping that the bank can come up a decision soon.

Anyway, are you planning to buy a house soon? If you have a good credit, you will have no problem with any mortgage loan because lending institutions will definitely love to have you as their client. But if your credit is bad, do not despair. You will get approved too. The interest rate is not the same with those having a good credit but the good news, your mortgage application will not be turned down. Lending institutions offer fixed rates or adjustable rates so; make sure to set your goal to either pay lower amount for long years or pay it in few years' time.

No comments:

Post a Comment

I love to read your comments. Thank you so much and I will visit back.

Disclosure Policy is valid from 21 October 2008. This blog is a personal blog written and edited by amiable amy. For questions about this blog, please contact me thru "comments" area of any post. This blog accepts forms of cash advertising, sponsorship, paid insertions or other forms of compensation. This blog abides by word of mouth marketing standards. I believe in honesty of relationship, opinion and identity. If it is a sponsored post, it may influence the advertising content, topics or posts made in this blog. That content, advertising space or post may not always identified as paid or sponsored content. Any product claim, statistic, quote or other representation about a product or service should be verified with the manufacturer, provider or party in question. It is the sole responsibility of the reader to weigh the product endorsement as legitimate.

LinkWithin

Related Posts with Thumbnails