For the Dallas and surrounding areas, this is so true. I have seen rental values spike above the market mortgage rates to the point where some landlords are making $500 a month in positive income after paying their PIMI. Great news for landlords. For renters, not as much.
Even if you have had a bankruptcy and/or foreclosure, don't think that you are out of the housing purchase market. If it has been 3 years and you have been working on improving your credit, you may have a good chance at qualifying for an FHA loan program.
I have a couple of great loan officers that I work with that would be happy to determine if you can qualify.
Rent Prices Continue to Rise Faster than Asking Prices
No comments:
Post a Comment