Before the market went bad home prices were very expensive! Now everyone is reducing home rates. The interest rates on homes are low and getting lower. So for first time buyers this is actual a great time for you if you to get more for you buck and get a good deal. With the way the housing market is the are going back to traditional lending standards. As a general rule of thump you need a 20% down payment, sufficient annual income, good credit and a tolerable load of debt. This is Worth the Hype!!! This is a great opportunity for buyers, investors and a start to get the market back in the right direction!!
Stgreat
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