"I see a lot of houses out there, but can I get a mortgage?"

Since the Federal Government started tracking mortgage interest rates in 1971, interest rates have never been as low as they are now.Today, you may be eligible to obtain a fixed-rate, 30-year mortgage at a rate of 4-1/2%. 15-year mortgages are being offered at rates below 4%.

What does this mean?

For a fixed-rate, 30-year mortgage of $130,000 at 4-1/2%, the monthly principal and interest payment is $658.69.Low-down-payment programs such as FHA continue to be as viable as ever.If you have reasonably good credit, good job history and the proper financial resources for the loan being sought, you may be eligible to obtain a mortgage.

Before starting your search for a home, consult with a mortgage professional so you will know upfront the mortgage amount for which you may be eligible.

Contact me to take advantage of the incredible opportunity offered by today’s interest rates.