They may be right, especially with the interest rates where they are today. Right now the average 30-year fixed-rate loan with no points or fees is around 5% which is the lowest the rate has been in nearly 40 years. There are some great homes on the market right now and with a few simple steps to get prequalified for a mortgage loan, you can be a proud new home owner. Bob Parks Realty can help you find just the perfect home ~ call Tammy Carroll at 615-550-0087.

Read the fantastic article from BusinessWeek here.

Posted by:Tammy Carroll, CRP, GMS, RCC, WRS

There are 139 days left in 2009 … if you count today. That means the first-time home-buyer tax credit expires in 108 days. Since home loans are now expected to take at least 45 days to close - if everything goes right - that leaves you 53 days to find that first home.

To claim the $8,000 tax credit from the federal government, you must close on a home no later than November 30th. Do you really want to wait until the last minute? The time is NOW to get your loan pre-approval and start the search!

Spend this weekend looking over neighborhoods you think you’d like, call your local lender on Monday (I’d be happy to recommend some excellent loan officers), and I can begin showing you houses by next week! Call or text me at (615) 491-2161 for suggestions.

Right now you have some time, but not a lot!

Posted By: Kathy Tyson