Is Now a Good Time to Buy a Home?
Submitted by: HEIDI OCONNOR Radio host and author Dave Ramsey believes now is a good time to buy a home. Ramsey explained why he doesn't believe high interest rates should stop potential new homeowners from buying. "If later the interest rates come back down, you're not stuck," he said. "Just refinance and dump the old mortgage that you had at 6% or 7% or wherever it lands right now." Home ownership is also a good hedge against inflation. As a homeowner, you'll typically lock in a set monthly mortgage payment that will not increase, except for fluctuations related to the monthly cost of home insurance and property taxes. This set monthly payment helps you hedge against inflation. For more information on home buying, contact Realtor Heidi O'Connor, Associate Broker with Century 21 ALL-SERVICE Real Estate, at 540-874-2200 or heidishomes56@gmail.com. Source: www.thestreet.com, www.concreit.com |
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