Re: BRAG: Just got approved for a home mortgage
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Isn't there still more downside to the market though? With all the ARM's about to expire, there may be sweet foreclosures though.
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This is actually a really good time to buy. Interest rates are still climbing and LOTS of houses are being foreclosed or have been on the market for a long time. Pretty much anything under 250k is having a really tough time selling in my area. This equates to dropping prices along with the ability to lowball and have the seller pay closing costs.
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WOW, where do you live? Because I'd like to move there.
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I'm looking at the western suburbs of Minneapolis. Houses just aren't moving and people don't want to pay 2 mortgages, hence the dropping prices and foreclosures.
I also got a sweet deal because of how much I'm putting down along with my credit score, credit history and little to no debt.
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