Interest Rates Are Low

Interest rates are very attractive now.  Rates are low and that is a good, no - A GREAT THING.  With interest rates as low as they are, you will be able to purchase more home or add more of those creature features that you have always dreamed of.  Remember that the most important thing about buying your dream home, besides the quality is the monthly investment.  I know some people will call it a payment or bill.  The difference with a home is that it is an investment.  It is one of the few things that you will purchase that over the long haul will not lose value.  If you know someone, or are that someone who has owned their home for over 8 to 10 years your home is still worth more than you paid for it.  Even with the economic down turn and all of the foreclosures, you are still in positive territory.  Now I know that there are a few markets that this  might not hold up, but those markets are few and far in between.  If your parents have owned their home for twenty or thirty years, ask them what they paid for it and then ask a realtor what they can sell it for now. 
You are not making a monthly payment you are making a monthly investment.  The one thing that has the single largest impact on that investment is your interest rate.  Interest rates for your home loan will depend on your credit score (FICA).  I am not going to have a discussion on that here, only to say that if you qualify for a loan and the difference between a great score and a good score is 1/2 per-cent to 1 per-cent you need to buy the home.  With the deficit where it is and with the national debt as high as it is, the Federal Reserve is going to have to raise interest rates in the near future.  I can not tell you when or what conditions will signal the imminent hike, (if I or anyone could tell you that they would be a billion or trillionaire).  Make a difference in your future today.  Listen to your common sense and your tomorrow -- Go put and purchase or build that new home today - tomorrow - next week.  Put it on your hot list and invest in your future NOW!

Construction Process Knowledge For The New HomeBuyer