Saturday, October 4, 2008

MONEY IS AVAILABLE TO BUY!!

This just in from Jack Thompson, President of Legacy Mortgage:
• Mortgage loans are still available in abundance to the qualified borrowers. • Even though interest rates have increased slightly, FHA, VA, Conventional, and Jumbo loans are at historical lows• Politics aside, Dave Ramsey, a popular Radio and TV financial advisor, said: “In this current market turmoil, where would you advise people to invest their money?” He said, without hesitation: “The real estate market. There are great buys out there. There is an abundance of money available for those who qualify (have you heard that before) and the rates of return, purchased wisely, can be remarkable.”
•Forbes.com reports: o Starting in 2010, housing price appreciation in metro Albuquerque is projected to lead the nation, due to job and economic growth, along with other factors. Housing starts are anticipated to increase by 26.6%, with single family increases of 26.4% and multi-family increases of 27.1%. o Money will be coming into the metro economy from baby boomer parents who move once the last child departs the nest. Albuquerque placed seventh on the list of cities attractive to this target group, due to our outdoor activities, arts, and moderately priced homes.
So buyers, get on out there and we will find you a great buy here!!!!

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