Buying a Home in Champlin? 7 Reason's Why it's a Great idea for sale in Champlin, Minnesota

Buying a Home in Champlin? 7 Reason's Why it's a Great idea! Buying a Home in Champlin? 7 Reason's Why it's a Great idea! See full story: http://actvra.in/4CfqCourtesy of Heidi Herda ~ Champlin Realtor & Resident! It's true, the decision to purchase a new home can sometimes feel like a journey. After all, even if this is Buying a Home in Champlin? 7 Reason's Why it's a Great idea!your first home or the purchase of a second home or a "move-up home", there's still a lot of details to sort out. Since a home is typically the most expensive purchase most people make in their life time a lot of thought is necessary.Now we'll dig into the 7 Reasons Why Now is The Time to Buy a New Home:1. Homes Have Never Been More Affordable!Most people remember the last few rough years in Real Estate where many neighborhoods were trampled by massive amounts of foreclosures followed by short sales. We'll things are looking up for home sellers alike with property values evening out to a truer market value. The deals are still there and the home prices are not inflated. It's a win for everyone in this market!2. Interest Rates Are Still at Rock Bottom Rates!Anytime you make a large purchase that requires a loan, you'll likely have an interest rate at which the bank is charging you for loaning the money. In times of very large interest rates, people still needed homes. Fortunately, the current low interest rates have made it possible for many people not only to refinance out of those high interest rate loans, but it also give new prospective buyers the opportunity to stretch their dollar. Consider your parents, the home they likely purchased had a much higher interest rates with possibly a larger monthly payment. Low interest rates like we're experiencing right now makes it more affordable to purchase a home and to keep a steady look at an affordable monthly payment. See the chart below for further clarification on rates versus payments.It's true the rates will likely stay fairly low, but don't sit on the fence too long. Prolonging a new home purchase could cost you! It's likely that rates will only gradually change and the rates can fluctuate at anytime. You'll want to consult with your lender about the best time for locking in your interest rate.I hope you found this article, "Buying a Home in Champlin? 7 Reason's Why it's a Great idea!" By Heidi Herda, YOUR Champlin Realtor & Resident!

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