Orlando Mortgage Blog

Mortgage Inquiry Calls Are Up - Are You Ready Yet?

April 20th, 2010 10:53 AM by BILL WILBANKS

 

We've seen a definite jump in telephone and email inquiries in the last couple weeks. At first I felt that it might be evidence of a last minute rush to get a contract signed before the federal first time buyer credit expires April 30th and yes we have seen that too. But, we're seeing a real mix of customer situations coming in the door such as folks wanting to be pre-qualified to start shopping for a primary residence, second home and investment property, investor purchases, refinances for major home improvements as well as the old standby rate and term, consolidations and other purpose cash out refinance situations to name a few.

We haven't seen this much preliminary what-if activity in many months and it's actually exciting right now. So, maybe it's time we all put our thinking caps back on and started looking ahead once again. How much less expensive can our local real estate get before we are all looking in the rear view wanting to have one more shot at those great deals "back when"? Can't sell at a price you want right now. Think about upgrading to live in the home you want today and improve it for the future when you do want to sell. And all those bells and whistles are dirt cheap right now too like new cabinets, flooring and you name it. Something to consider. . .

Posted in:General
Posted by BILL WILBANKS on April 20th, 2010 10:53 AM

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