Gwen Fowler Real Estate, Inc.®

Now, what are you waiting for?

Posted By Gwen Fowler @ Jun 9th 2011 9:15pm In: Making Offers

Summer is here, school is out, graduations are over.  Now  is time to buy your summer home or to move up.  Our real estate selection is the greatest it has been in over 20 years.  Great values, lots of selection and interest rates lower than they were in the 60's.

We have all heard how hard it is to get money, but not so. 

  • If you have 2 months of pay stubs and have been at the same job for over a year you get a gold star. 
  • If you do not have 2 new car payments, you get another gold star.  Add another if you just paid off your car.
  • If you do not have any credit card debt, you get another gold star.
  • If you are current on your student loans and other bills, another gold star.
  • If you are currently living on less than you make and have a 6% down payment, you get another gold star.
  • If you have a 6-month emergency fund, you get 2 gold stars.
  • If your debt-to-income ratio is less than 25% you get another gold star.

All it takes is 5 gold stars and you qualify for a loan.  Now is the time to talk to a lender, while the selection is good and the interest rates are great.  Evaluate and call me if you have the 5 gold stars it takes to buy a house.

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