Oh don’t worry.. I’m NOT envious of those poor slugs that really can’t afford to buy. I’ve always been one of those people that thought if you can’t afford at least a 15% to 20% or more down payment you shouldn’t be buying.
Borrowing money to buy will probably not get much cheaper than it is now. I also negotiated with my realtor to kick back 1% of the commission she will split with the seller’s realtor to me. I did the same thing on my last purchase and everyone was happy as I did all of the due diligence and research.
If you have good cash flow, assets, high FICO score, now seems like to be the best time to buy a property with it being so cheap to borrow money.
0 points. $895 Lender Fee (they wanted $1300 but negotiated it down to match the lowest quote I got). Appraisal, credit, tax not to surpass $475.
The only problem seems to be finding great properties in great condition. There is almost no good inventory.
