TIME TO REFINANCE
Due to the interest rates being the lowest in about 30 years, it is time to look at the current mortgage rate on your home or investment property. As of August 1, 2010, rates on a 15 year loan are near 4% and a 30 year loan near 4.25%. In my opinion, I would call one of the local banks or Credit Unions in your community to ask for a GOOD FAITH ESTIMATE for the costs incurred by the borrower from the lender.
FIRST TIME BUYER
If you are a first time home buyer or have not owned a home in the past (3) three years West Virginia Housing is offering a interest rate in the mid three range. You may want to call your local lender for additional information.
CURRENT MARKET
Also it appears that the Kanahwa and Putnam Valley markets are picking up on sales and the interest level is increasing on the showing of homes.