I hear it day in and day out around here. “It is a good time to buy a house!” There are many reasons it is such a good time to buy, prices are down, rents are up, rates are down… It goes on and on. So why aren’t you buying right now? Or, maybe you are. There are sales happening out there. I am watching the inventories dropping and I have been to more closings already this year than all of last. I am seeing it for myself. So I know that there are at least some buyers out there. So how are they doing it? They have found the right banker to help them, that’s how.
We keep hearing that buyers can’t buy because of the mixed up lending world. Lenders are making it too hard to borrow money. That is certainly the case compared to 5 years ago, no question about that. However, if you find the right bank that makes common sense decisions on who they want to take a risk on as a borrower, you can get the loan closed. Problem is, where are these banks? Here’s a hint, big banks seem to still see borrowers as numbers. Just because you have been with a bank for years, doesn’t make you any more special to them. These days, shopping around is the key. Shop to find a banker that listens to your particular situation and is proactive in finding solutions. A good banker can figure out a way to help you buy a home, no matter your condition. A good banker looks to help you out of a bad place and help you move forward to financial strength. It takes common sense and some risk taking on both sides, but it is possible.
Conclusion; Do you want to take advantage of the best buying season we’ve seen in decades? Want to take advantage of the lowest rates we’ve possibly EVER seen? Want to stop giving your money to your landlord and have the pride of homeownership again? Then find the right banker and you can.