You can still get a mortgage...

You can still get a mortgage... in fact in many cases you can still get nothing down or low down payment mortgages. There are great options for first time home buyers too. Your first step should be to contact a reputable mortgage lender or banker to see what your options are at this point. Many times people are scared they don't have good enough credit but with small changes your credit score can be improved.

I highly recommend Bailey Mortgage Company in Ames. You can apply online or call 515-598-5626 . Jason and Jayme Kupka will take great care of you - just tell them I told you to call!

Brandi Nelson, Realtor

Century 21 Signature Real Estate

306 S. 16th Street, Ames, Iowa

The Hill-Nelson Real Estate Team

www.hill-nelson.com

515-291-0914

Each office independently owned & operated.

Licensed Realtor in the state of Iowa

Home buyer tax credit

This is a great source for an explanation on the new 1st Time Homebuyer Tax Credit that the government recently enacted.

http://www.bankrate.com/baw/news/mtg/20080918-homebuyer-tax-credit-a1.asp

Brandi Nelson, Realtor

The Hill-Nelson Real Estate Team

Century 21 Signature Real Estate

www.hill-nelson.com

515-291-0914

Each office independently owned & operated.

Licensed sales agent in the state of Iowa.

Buyer Beware

Buyers beware... interest rates are going up. Two weeks ago we saw rates under 6% and this week rates are around 6.5%.

If you are on the fence on whether you should buy now or later, keep this in mind... a $200,000 house at 6% fixed over 30 years would be a payment of $1,199.10 P&I, the same house at 7% interest would have a P&I payment of $1,330.60. That's a difference of $131.50 per month.

Another way to look at it is... if you want to keep your P&I payment around $1,200 each month you can afford a $200,000 house at 6% but only a $180,000 house at 7% interest.

Please don't wait. Interest rates are still very good and there are a lot of homes to choose from on the market right now.


Brandi Nelson - The Hill-Nelson Real Estate Team
Century 21 Signature Real Estate, Ames, Iowa
Each office independently owned & operated.
515-291-0914 (cell phone) www.hill-nelson.com