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| July 2010 |
Phone: (828) 685-8602 Fax: (828) 685-9627 2968 Chimney Rock Road Hendersonville, NC 28792 Website: www.apple-country.com Email: info@apple-country.com | Market and TrendsIn recent conversations with local bankers the word is that interest rates are as low as they have ever been and if borrows have good credit there is plenty of money available. Bankers are also looking for business right now, so if you have good credit, this may be the best time in history to purchase real estate.I understand that banks are still taking applications for the USDA financing which has a very high loan to value ratio. The exact availability of the funding for this loan is unknown but expected to be available. FHA is also a very real alternative which also has a high loan to value ratio. There is a lot of inventory right now as well which should translate into locating a good deal. Give us a call and let us see what we can locate for you. Short sales and foreclosures are prevalent so let us know how we can help. |