By The Mortgage Gallery Rockingham

10/19/2012 With pricing at a three year low for housing, it just might be the right time to look into purchasing a home. Rental properties are hard to come by in this tight market, thanks to population growth these past few years. Therefore, it makes sense to look into a more permanent situation – a house to call your own. When it comes to home loans, Kwinana and Cockburn residents and others in the surrounding area may find an advantageous interest rate.
How the Market Looks Right Now:



Home pricing is driven by several factors: mortgage loan financing, affordable pricing, the number of homes for sale and also how the economy is performing as a whole. Previous rate cuts have positively affected interested buyers, thus causing the lowest price tag that our real estate market has seen in several years.



Yes, home values have declined slightly in the market, so it is the perfect time to buy. Consider a home as an investment for your future. Instead of worrying about the sharply rising prices in rentals and the fact that you’re paying money to a landlord instead of putting it on your own pocket, you can take advantage of the home prices now. Get some professional advice on how to proceed by talking with a mortgage broker. Cockburn, Kwinana and other local area residents can benefit from their knowledge about the market and applying for a home loan.



Don’t Work Alone:



With more affordable housing available in the current market, you want to maximise your dollars and get a beneficial lending rate. It is hard to go through this process on your own without help. You truly need a mortgage broker to garner the right interest rate for your home loan.



With a mortgage broker, Cockburn residents and others in the area like you will have their financial interests protected. A broker will analyse your finances to determine what you can afford to pay. They will look at your credit history as well as your debt to income ratio. The broker works directly with the lender to facilitate communications and work towards the right interest rate for your home loan.



When you are ready to purchase a home, come to us here at Mortgage Gallery Rockingham for help in navigating the ins and outs of home loans. We will provide expert advice and several options to consider when you are ready to invest in a home of your own. Our brokers understand the nuances of the real estate market as well as the financial institutions’ lending money.