With interest rates and housing prices in extreme fluctuation, it only seems logical for those who intend to utilize a first time buyer mortgage to wait before making a purchase on their new home. Because of this specific confluence of events in the worldwide market, it is highly volatile at this particular moment to invest […]
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First Time Buyer Mortgages Come With High Costs
Posted on August 29th, 2008 by Bright Light
First time buyer mortgage candidates are quickly finding that their loans are coming at a premium cost. When you consider the rise in interest rates, the need for a larger down payment and higher closing costs, many are finding that their first time buyer mortgage is simply too expensive. While there is hope that this […]
New Benefits for First Time Buyer Mortgages
Posted on August 22nd, 2008 by Bright Light
Although rates are still high, this may be offset by lowered property prices, making first time buyer mortgages more accessible than ever. The main problem appears to be lenders that are asking for high down payments on first time buyer mortgages and this problem does appear to be widespread. There is a huge demand for […]
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