An extraordinary opportunity … if you are approved

Oct. 10, 2011

Recently, the average rate on a 30-year fixed mortgage fell to 3.94%. That’s not just a low rate; it is the lowest rate ever. If you are considering purchasing a new home or refinancing your current home, it’s a good … no, great time to do so to get a low mortgage rate.

But not all would-be homebuyers and homeowners wanting to refinance will be able to take advantage of this extraordinary opportunity. Last year, more than two million people in the U.S. were turned down for home loans. A Texas REALTOR® can help you understand what you can do to increase your chances of qualifying for a loan. Read this New York Times article for some factors to consider if you are thinking about buying or refinancing a home.

courtesy of : Texas Real Estate