This is the 90's of today, now is the time to buy a home (or two!)
By Jacki O. Orzechowski
(TNG Real Estate Consultants)
If you think prices may come down some more, you may be right. If you think that magical time where interest rates are really low and prices are low are going to be around forever than think again. Interest rates are right around 5-6% with decent credit right now and sellers are really negotiating prices right now so NOW is the time to start looking for either your first home or an investment property. NO ONE has gotten rich by renting another persons property. Paying someone else's mortgage just does not make sense. I own a rental with a 20 year loan on it and all ready the renter has paid my mortgage for 5 years. If he stays even another 5 years he will have paid half of my mortgage off for my retirement home. Don't wait, this is the 90's of today where everyone wished they had bought...
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