Blog

Mortgage Q&A: What things should I consider when planning to buy a home in 2010?

December 30, 2009 by Kevinmiller
Share This Post       

 

Question: What things should I consider when planning to buy a home in 2010?

Answer: There are many things changing in the mortgage industry in 2010. Consider mortgage rates are currently low because the Federal Reserve has spent almost $1 Trillion in the last year for that purpose. Their spending will stop in March which means mortgage rates may be on the rise in late spring. Also consider the homebuyer tax credit runs out on April 30th 2010 . First time homebuyers and people who have lived in their home for the past 5 years may qualify for tax credits if they buy a home prior to April 30th. For more information about the tax credits see www.federalhousingtaxcredit.com . The federal department of Housing and Urban Development (HUD) has also announced they may tighten the qualifications for FHA home loans sometime soon. With home prices low and for all the reasons above the time is now for you to consider buying a home in early 2010.

Call TexasLending.com for your home loan today, apply online or send your home loan questions by clicking on the “Ask an Expert” link on our homepage of Texaslending.com.

 
 

Topics

 

Popular Posts

 

Current Rates

 

VA Purchase
30 Year Fixed

As of: September 17, 2018

4.750%
RATE
4.923%
APR

Rate/Term Refinance
30 Year Fixed

As of: September 17, 2018

4.750%
RATE
4.792%
APR

Rate/Term Refinance
15 Year Fixed

As of: September 17, 2018

4.125%
RATE
4.195%
APR

Cash Out Refinance
30 Year Fixed

As of: September 17, 2018

5.125%
RATE
5.207%
APR

FHA Purchase
30 Year Fixed

As of: September 17, 2018

4.750%
RATE
5.498%
APR
 
 
 

 

 

Read What People Say

 

Aaron Blackburn

"First time to refi. They explained process in detail and I never felt rushed. Closed quickly. Happy with experience and will recommend to anyone looking for such services."

 
 

Recommended For You

Take a closer look at the loan expertise and customer service that earned us the acclaim of Dallas/Ft. Worth for 10 consecutive years.

FIND A LOAN