I eventually went to the dealer anyway, found the vehicle of my choice and apprehensively made the loan application. The loan approval was granted in less than 5 minutes again and at great interest rate! Better yet, I negotiated a fantastic price for my new vehicle.
Fear nearly prevented me from buying my new vehicle. As I contemplated the source of this fear I realized it was media driven. As a professional I work diligently to separate media hype from facts and yet there it was...I've heard so much about the collapsing banking industry that I was worried I would no longer qualify.
How does this story relate to real estate? In telling this story to a few other agents and industry professionals at a networking event I heard the same response over and over. Many potential home buyers were avoiding the loan application process out of the same fear. In an attempt to dispel the fear, here are the facts about real estate and home loans right now:
- There are Mortgages Available with Great Terms for Most Buyers
- Interest Rates are VERY Low
- There are Unbelievable Deals Available on Homes
- This is a Fantastic Time to Buy a Home
If you're considering buying a home in the Indianapolis area, The Matt Borushko Team can help by answering any questions you have about our housing market, and can provide referrals to reputable loan officers. If you're ready to start searching for your dream home, we can also provide a daily email list of homes as they hit the market for free at http://www.newestindylistings.com/
See also: http://www.mattsellsindy.com/ for buyer resources to help you prepare for your next home purchase
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