Albemarle County Fixer Upper
Have you been thinking of buying a fixer upper home and using as a rental or to diversify your investment options by including residential real estate? Has the current downturn (sale price decrease), lower interest rates, and increased inventory of homes for sale, soured your motivation to invest in real estate? Then ask yourself, “How does it feel to buy low?”.
You make money when you buy residential investment real estate by buying right. You realize the return on the investment over time with income and/or profit at the sale. 2012 remains a good time for many to buy investment real estate. Are you a real estate investor? Are you ready to become a real estate investor? Do you want to build a plan to invest in real estate? I am here to help, so let’s talk! Let’s talk isn’t jsut an invitation – It’s the first step to reaching your real estate goals.
The Federal Reserve embarked on its third round of Quantitative Easing yesterday when it announced that it will purchase $40 billion worth of Mortgage Backed Securities each month and vowed to do so until the economy is on solid footing.
Mortgage Bonds soared on the news but are giving back some of those gains today as players look to take some profits after the huge rally.
Thanks to the Fed’s enormous commitment, mortgage rates are not likely to creep too high. But I feel that locking at this time is prudent due to the fact that home loan rates may not get much better. Lenders may be reluctant to transfer all of the pricing gains down to the rate sheet and with the increase of the G-fee, which is negatively impacting more rate sheets around the country, today’s all-time lows are pretty darn attractive.
Leonard Winslow
Direct: 434-760-2580
943 Glenwood Station Lane, Suite 200
Charlottesville, Va. 22901
http://www.facebook.com/CharlottesvillesLoanExpert
License #MLO-4817VA-NMLS #265272