December 03, 2001

By: Bev Dodd
Website: http://www.family-refinance-consolidation-loans.com

Real estate loan: The time has never been better

The time is right for getting a real estate loan, interest rates and prices have never been better, right across the country. Know what type of market you're in when you start looking for a home or applying for a real estate loan, it will affect the amount you need for your loan. We'll discuss this more below.

If you are like a lot of people and worry about interest rtes rising then a fixed rate real estate loan is probably right for you. This means the interest rate remains fixed over the course of the loan. Typically, the choices vary from 10 years to 30 years. This type of real estate loan is best suited for borrowers that intend to live in this home for more than the time span of the loan and prefer payment stability.

One very important decision you will make before applying for a real estate loan is the agent you choose to help you find a home or property. The agent or broker you choose should be in the full-time business of selling real estate and should have, ideally, at least the following five traits: integrity, business sophistication, experience with the type of services you need, knowledge of the area where you want to live and sensitivity to your tastes and needs. Get two or three recommendations from friends, family, co-workers and others you trust. The best referrals come from those who've recently bought or sold a home.

If you have a pre-approval real estate loan then one of the first things you should is identify the market you're in. If you're in a buyer's market (where there are more homes available than qualified buyers to purchase them), you shouldn't have much trouble locating the right home for you. In fact, you may even get it for a lower price. However, as a seller in a buyer's market, you may have trouble selling your home quickly, or for as much money as you had hoped. While you may be able to purchase your new home for less cash, you may also have to lower your listing price to attract more buyers.

For more information on related products and services, please choose from the following menu of items:

Auto loans | Bad credit approval | Consolidation loans | Home buyers | Personal loan online | Refinancing

About The Author:

Bev Dodd is a successful author and publisher of http://www.family-refinance-consolidation-loans.com.  Many have commented that her website offers the best recommendations, links and information on loans, mortgages and financing.