Don't Believe It!

I attended a meeting last week and heard it from a pretty reliable authority that all the prophets of doom and gloom are wrong! Hopefully, this is not a suprise to you.
I love listening to people speak who concentrate on the postive, and not the negative side of things. For example I learned that:

98.8% of homeowners pay their mortgage payment ON TIME. Another 1% pay late, but still make the payment. Let's see, that means that 99.8% of homeowners are not losing their homes. And .02% are being foreclosed on. These are not arbitrary numbers. This gentleman, Frank Norton Jr., is a credible authority on the subject. Not going into all the details, you're just going to have to trust me on this one, or call some banks and check it out for yourselves.

Here's another one:

95.4% of the working population is employed! I would bet you didn't hear that on yesterday's evening news.

Here are some other quotes that you might not have paid attention to, and they bear repeating.

" Today's home prices have fallen so much, mortgage rates are so low, and personal income is so high that homes are more affordable today that at any other time in this century."
Smartmoney.com 5/2/2008

"This could be the time to buy a house." Suze Orman 4/24/2008

"The housing crises is over." Wall Street Journal 5/6/2008

Oh, but you are waiting for interest rates to go down more. Here are some statistics and numbers on that.

-Interest rates went from 14% to 6% from 1983 to 2007.
-Interest rates have CLIMBED since January 2008.

If you are looking a a house and waiting for the price to go down before making an offer, consider this.
A $220,000 purchase price @ 6% cost you $1,319.01 per month or $474,843.60 at the end of 30 years.
A $200,000 purchase price @ 7% cost you $1,330.60 per month or $479,016.00 at the end of 30 years.
The $20,000 drop in price COST you $4,173.00 more!

Interest rates are going up folks...not down! A lower price will still cost you more if you continue to wait!!

The current FHA program is the best, most affordable, and most accessible loan program I have seen in my entire career. In addition, all of Dawson & Lumpkin Counties qualify for the Rural Development Loan Program. And Yes, there ARE 100% financing loans available.

Don't believe that you cannot get a loan. Go to the phone and call me now, and let's see if we can help you achieve your dream of home ownership! Every day you wait, it's costing you more money! It costs you nothing to see if you qualify!

contact Kimberly Wilson "Your Available Dawsonville Real Estate Specialist!"