6 Reasons to BUY a home today!!!
- Lending guidelines are getting tougher.
- Minimum down payments are increasing
- Minimum credit score requirements have increased from 580 to 660 for some programs
- Cash reserves are becoming a must
- Debt ratios are now at 45% (6 months ago it was 55%)
- Rates go up every summer.
Look at the graph below historically rates have gone up in May (on average, a half % in a matter of a couple weeks)
Call me today and let me help you through the buying process form finding the right lender to offering on a property.
Trevor Ainsworth
Randall Realtors
124 Bay Street
Watch Hill, RI
401-348-0700 x111