Jen Dollar's Blog: Florida Real Estate News

Archive for December, 2008

In one of the worst Real Estate Markets in my lifetime, I am surprised by all the “opportunities” that exist. 

I know you have heard it before, but it is time to BUY, BUY, BUY!  Financing is still strong.  In fact, there are several counties where buyers can still get 100% financing.  Interest rates are at an all time LOW.  If you have a rate of 6% – you need to refinance.  If you have a “jumbo” loan – consider paying it down to conforming limits and save yourself thousands in interest payments!  Jumbo borrowers also need to consider local, “smaller” banks for financing.  They have creative ways of moving your money around in IRA’s, SEP’s, etc – in order to qualify you at conforming prices.