All reports indicate that January was a very strong month for real estate and there is a lot of optimism for 2013. Maine is seeing some signs of the real estate market rebounding, after many years since the industry has been associated with positive economic trends.
How long will this trend continue? According to Bankrate.com, mortgage fees are rising. However, there is no need to worry just yet. Interest rates are at historic lows and some reports show a shortage of inventory due to the high demand. Many experts suggest now is the time to buy low. This isn’t the time to wait for a better deal. It’s time to act.
If you want to know more about Real Estate Financing, consider taking our correspondence course, Real Estate Finance Today. This course is intended to present an overview of the basics of residential real estate financing, including a discussion of the important current trends in mortgage lending. This updated edition introduces residential real estate financing basics and mortgage lending trends. Real Estate Finance Today discusses new affordable loan products, government influences on real estate finance, and special financing alternatives, including seller financing and loans for self-employed borrowers. This course is approved for 3 clock hours of continuing education by the Maine and New Hampshire Real Estate Commissions.