Today I'm going to be answering a question from John, a potential home buyer in the Austin area. He wants to know if it will be easier to get a loan in 2015 because of the loosened loan buyback standards from Fannie Mae and Freddie Mac.
There have been a lot of changes in loan requirements from Fannie Mae and Freddie Mac. Overall, it's gotten much more affordable and beneficial to get a loan. It's a tremendous time to buy a home in Austin with prices continuing to rise and with interest rates so low. You have a great opportunity to save a lot of money over the life of your mortgage.
On top of this, home values are set to skyrocket in Austin with the influx of people moving here. If you invest in a home now while rates are low, you have a high probability of seeing a large return.
If you have any questions about the market here in Austin or if you need assistance of any kind, please let our team know and we would be very happy to help you!