A whole new crop of homebuyers emerges every year. With interest rates remaining relatively low, more interested buyers than ever before are applying for home mortgage loans. Affordable loan packages are creating more investment possibilities for second homes. Trade-up or scale-down buyers are free to move into an exciting new home or condo, making more starter homes available for first-time buyers.
The advantage goes to the seller when there are more buyers than homes for sale. But in a market where the inventory of homes is growing, the competition between sellers increases and gives buyers more options. More competition is not a problem if the local market is moving at a lively pace.
Affordable loans and a wide variety of financing options make it an excellent time to buy or sell real estate.
The term "jumbo mortgage" currently refers to a mortgage loan in excess of $359,650, although the threshold amount may change as the market fluctuates.
Nancy Yearout RE/MAX Properties of the Summit 220 South Main St., P.O. Box 4600 Breckenridge, CO 80424 Cell: 970-485-0293 Office: 970-453-7000 Toll-Free: 800-289-7005 Fax: 970-453-2922 E-Fax: 888-663-0127 Email: nancy@realestate-breckenridge.net
I have over 20 years experience in Breckenridge and Summit County real estate. Investment property is my specialty. I take care of the details - providing you with a trouble-free and enjoyable real estate transaction.
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