The Phoenix Real Estate market right now is on fire. Realtors are telling me about decreased inventory, prices stabilizing (and going up in come cases) and on the lending side, interest rates for home purchases are extremely low. In fact, over my 25 years of originating mortgage loans (I started when they were 15%) I have never seen interest rates in the range of 4%… EVER!

Given all that, now is perhaps the best opportunity home buyers will have to purchase and own a home and here is one example of that benefit.

I recently had the opportunity to help a first time home buyer move from an apartment with his 4 children into a new 5 bedroom home. He was paying $1029 in rent and his new mortgage payment is now$807 per month. Not only did he decrease his housing expense by $222 per month but he now has a 3000 square foot home for his family and is not living in a crowded apartment complex.

He also has the tax advantage from the interest right off and the property tax right off. He was able to have his grandfather gift him the 3.5% down payment that FHA requires and we had the seller pay all the closing costs. He did have a credit score over 620 which is a requirement. If your credit scores are under 620, let me help you restore your credit. It does not usually take that long to fix and repair your scores.

I love first time home buyers!!

Let me help you!

Angie Keene | Amerifirst Financial | Mortgage Professional Phoenix Artizona | 480-220-75627 AngiejKeene@gmail.com Go HERE to apply for a mortgage on line!