If you are looking for a home in Orlando this fall, you might be in luck. This fall is a great time to buy a home. With extremely low mortgage rates and falling home prices, it will be easier to find a good deal on your next home in Orlando. There are tons of foreclosed homes on the market, which puts downward pressure on home values.
Mortgage experts are saying that mortgage rates will stay at this record-low level until at least the end of the year. They believe that once the economy begins to pick up, mortgage rates will see an increase as well. Mortgage experts also believe that the strong standards and strict underwriting requirements that lenders must uphold will not change any time soon. Lenders are under a lot of pressure by the government because of their past actions when they lowered the standards so that more people could become homeowners.
Also, experts are noticing that many investors, whether they are individual investors or investment groups, are buying foreclosed homes at low prices (and low interest rates) and then renting them out. This is because they can make more money by renting a foreclosed home, rather than selling it at a deeply discounted price. Investors plan to wait until the housing market picks up and prices start to appreciate before they think about selling the property.
If you are looking for a rental home company in Orlando whose goal is to maximize the return on your investment, choose Rental Home Management Services, Inc. in Orlando. Call us today at 407-261-5610.