If you have been looking for a while to make your purchase, wait another 30-45 days before you make your move. Fed has just reduced rates which will most likely follow with another rate decrease soon. Although Fed is not scheduled to meet until Sept. 18th, rumors do indicate another decrease within the next 2-3 weeks. Having said that, buyers must get into gear to start preparing for great buys....healthy credit is essential to make this happen.
Credit repair is "key" to getting a good deal. With the recent credit crunch, lenders are stringent on their lending criteria, higher credit scores ( FICO) and income/asset verifications are going to be critical in achieving your payment budget. Don't pay fees but "How to build good credit" is available to you and you can make repairs yourself.
Intero Real Estate in Hayward which owned by me is focusing on helping buyers with their home purchase with (MMAP) grant that is creating a huge interest and something that most sellers are willing to participate in to sell their homes. National average indicates 20% of home buyers are not buying due to market fear but 80% of buyers are not able to meet their monthly budget which is the reason for this slow market. To qualify is simple and easy, this great is not driven by credit scores or income, it is a "Grant" so you do not have to pay this back! First Global Mortgage is a certifed brokerage that can help you with this grant. We are also certified realtors that can make your dream of ownership possible with grant asistance.
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