MTG_BANKER_OH: Question on FHA & Chpt. 13

[Stilltheone]

If money gets tighter then the market will continue to slide. Not a good reason to buy now. Also, a rise in interest rates can also slow the recovery of the market. If rates go up then payments will be higher so less buyers so more downward pressure on the market.

Bottom line is there is no perfect time to buy so the only real time is when you can get into a loan with a minimum of 5 years fixed and you can qualify based on your income not your stated income.

Logan

I didn't think we were allowed to bump up a thread this old....