Buy a Home NY before interest rates increase

We’ve discussed what an incredible week it has been, and for so many reasons. We have talked about the ramifications of the August 2011 stock market ‘correction.’ We have bandied about the idea that maybe, when it comes to long-term investing, real estate is the true path to riches and wealth (it has always been that, for me)…But now, folks, it is time to get down to brass tacks and explain to you in better detail why it is, right now, the best time to buy a home ny.

When the S&P caused mass upheaval by lowering the credit rating of the United States government, there was immediate and palpable concern that could be felt coming from every sector. The concern (well, no, the reality) is that the amended credit rating will lead to rising interest rates for anyone who happens to be borrowing money – and for any reason.

Interest rates will rise for those using credit cards, and interest rates will also rise –perhaps a bit more drastically – for those borrowing money on a mortgage. Currently the average monthly 30-year fixed mortgage interest rate has been holding steadily below 5%. But, when the rates increase (and they will as a result of the lowered US credit rating) –even if they increase only one point –it will mean a sharp rise in the average monthly mortgage payment.

What I am saying, folks, is that in the messy aftermath of the 2011 stock market plunge, one thing is crystal clear: If you have any intent to Buy a Home NY in the next ten years, then RIGHT NOW is the time to move, while the interest rates are still at historic lows.

Smart investors who buy now will have the luxury of keeping their fixed mortgage rate while everyone else looking to buy, down the road, will be dealing with interest rates that are, due to the events of this week, substantially higher.

As someone who has been involved in over 12,000 real estate transactions, I can say without a doubt that right now is the time to move. If you have wanted to buy a home ny, but have been on the fence; then the events of this past week should be the ultimate and motivating factor that gets you off the fence and into the market.

Why?

Because when it comes to your mortgage, there is a fairly stiff difference between a fixed rate of under 5% and a fixed rate of more than 6%. The difference could be several hundred dollars, which, these days, is no small amount. With so many home owners struggling to make mortgage payments and who have little hope of selling to recoup (not to mention the failed economy and the sprawling unemployment), the fact is that the amount you pay toward your mortgage is one of the (if not the most) important factors regarding your financial status. Straight up.

So, remember, take it from a real estate guru who, over the years, has helped more than 11,700 families. Learn from the events taking place around us. If you foresee yourself buying a home in NY anytime over the next ten or twelve years, then do yourself a favor and go out and start looking – buy a home ny right now, before interest rates creep up!

Buy a Home NY before interest rates increase

We’ve discussed what an incredible week it has been, and for so many reasons. We have talked about the ramifications of the August 2011 stock market ‘correction.’ We have bandied about the idea that maybe, when it comes to long-term investing, real estate is the true path to riches and wealth (it has always been that, for me)…But now, folks, it is time to get down to brass tacks and explain to you in better detail why it is, right now, the best time to buy a home ny.

When the S&P caused mass upheaval by lowering the credit rating of the United States government, there was immediate and palpable concern that could be felt coming from every sector. The concern (well, no, the reality) is that the amended credit rating will lead to rising interest rates for anyone who happens to be borrowing money – and for any reason.

Interest rates will rise for those using credit cards, and interest rates will also rise –perhaps a bit more drastically – for those borrowing money on a mortgage. Currently the average monthly 30-year fixed mortgage interest rate has been holding steadily below 5%. But, when the rates increase (and they will as a result of the lowered US credit rating) –even if they increase only one point –it will mean a sharp rise in the average monthly mortgage payment.

What I am saying, folks, is that in the messy aftermath of the 2011 stock market plunge, one thing is crystal clear: If you have any intent to Buy a Home NY in the next ten years, then RIGHT NOW is the time to move, while the interest rates are still at historic lows.

Smart investors who buy now will have the luxury of keeping their fixed mortgage rate while everyone else looking to buy, down the road, will be dealing with interest rates that are, due to the events of this week, substantially higher.

As someone who has been involved in over 12,000 real estate transactions, I can say without a doubt that right now is the time to move. If you have wanted to buy a home ny, but have been on the fence; then the events of this past week should be the ultimate and motivating factor that gets you off the fence and into the market.

Why?

Because when it comes to your mortgage, there is a fairly stiff difference between a fixed rate of under 5% and a fixed rate of more than 6%. The difference could be several hundred dollars, which, these days, is no small amount. With so many home owners struggling to make mortgage payments and who have little hope of selling to recoup (not to mention the failed economy and the sprawling unemployment), the fact is that the amount you pay toward your mortgage is one of the (if not the most) important factors regarding your financial status. Straight up.

So, remember, take it from a real estate guru who, over the years, has helped more than 11,700 families. Learn from the events taking place around us. If you foresee yourself buying a home in NY anytime over the next ten or twelve years, then do yourself a favor and go out and start looking – buy a home ny right now, before interest rates creep up!

We can learn a lot just by Googling the words foreclosed homes ny

If you are reading this, then you are sitting in front of your computer, and you are also likely experiencing some financial hardship. The first thing you need to do is pretty simple. Just relax. Everything is going to be alright. You make things worse with worry…I have the ability to help you, no matter what your particular hardship happens to be, but you need to let me help you. Firstly, I would like you to take a minute, and type the words “foreclosed homes ny” into the Google search bar.

You will notice that when you type in “foreclosed homes ny” there are 1,740,000 results that appear in just over a fraction of a second.

There are a few things we can learn from this simple Google search of “foreclosed homes ny.” The first thing to understand is that, if you are indeed a home owner who happens to be struggling financially, you are not alone. Nearly two million returned results for the term “foreclosed homes ny” just goes to prove that there are a tremendous amount of people out there – right now, today – who are in the same position as you.

Even if you are struggling to make your mortgage payments; even if you have little hope of recouping your losses by selling your house – it is important to not get down in the dumps, because that limits your ability to assess a situation with a clear head and take corrective action. Rule No. 1 is, therefore, to Cut Yourself Some Slack.

The second thing we can learn from a simple Google search of the term “foreclosed homes ny” has to do with the crucial need for speed. A noteworthy fact about our Google search for “foreclosed homes ny” is the fact that our 1,740,000 results were displayed within a time period of 0.14 seconds – which is truly unbelievable.

If you are a home owner experiencing financial difficulties, it is important to learn something from our “foreclosed homes ny” Google search. It is that, right now, in the current socio-economic climate, there is a need for speed. Google understands that. Service providers understand that. The whole world understands that. Tasks must be accomplished quickly, without hesitation, because hesitation is the seed of defeat!

Therefore, if you are a home owner who cannot make payments, and who is perhaps struggling mightily to sell a house fast in Suffolk County, then you need to understand the need for speed, as well. Rule No. 2 that we can learn from our Google search of “foreclosed homes ny” is, therefore: Speed is Good.

Your 30-year mortgage essentially calls for 30-years-worth of job security. Does anyone really have that anymore? Can anyone really feel secure in their mortgage?

The point is that things are not going to get better anytime soon. Those who are able to cut their losses a bit are those who are ready and willing to act fast. If you are struggling to make your mortgage payments and you have little if any hope of being able to sell a house in Long Island, then your best bet is truly to move decisively and with speed.

Call me to help you go through your options (and, despite what you think, you do have options). I can help you get value out of your home and start over with a clean slate. Once you have been able to downsize your expenses, you can always come back into the market down the road. And when you do, you’ll be coming back into a market in which you know (better than anyone else) exactly what kind of real value you can get…

The term “Foreclosed homes ny” does not have to be the name a sad song that causes heartbreak to home owners struggling to sell a home in New York…You can learn from everything around you, if you are paying attention….