A Great Time For First-Time Home Buyers
For first-time home buyers, purchasing a home is a dream come true, but it can also be a daunting task. However, with the current state of the housing market, now is an excellent time for first-time home buyers to jump into the market.
As a mortgage professional, I can help you navigate through the tricky process of obtaining a mortgage to make your home-buying experience as smooth as possible. In this blog, I will reiterate why now is the time to make a smart move and enter the real estate market.
1. Low Home Prices
The current housing market has seen a decrease in home prices compared to the previous year. According to the data graphic below, the average home price in the Surrey area decreased by 4.3% compared to last year. This presents a great opportunity for first-time home buyers to purchase a home at a lower price than they would have paid in the previous year.
2. Favorable Interest Rates
Interest rates are another crucial factor to consider when purchasing a home. Currently, interest rates are relatively low, making it an excellent time for first-time home buyers to obtain a mortgage. These favorable interest rates can help to reduce the overall cost of the mortgage, making homeownership more affordable.
3. Assistance Programs
There are also several assistance programs available to help first-time home buyers with down payments, closing costs, and other expenses associated with purchasing a home. As a mortgage professional, I can help you navigate through these programs to ensure you take advantage of all available assistance.
In summary, now is an excellent time for first-time home buyers to purchase a home. As a mortgage professional, I can help you navigate through the tricky process of obtaining a mortgage and help you find the best mortgage services that meet your needs. So, if you are a first-time home buyer, take advantage of this opportunity and make your dream of homeownership a reality and reach out to Vidit Paruthi - Mortgage Professional, today!