Is now a good time to buy a new condominium?
Our youngest homeowner was 19 years old when she bought her Blue River Carriage Home condominium. She was working nearly full time and going to college nights and weekends. Our lender was able to assist her in procuring a 15 year, fixed rate mortgage, because she wanted to have her house paid off by the time she was 35 years old. At the closing, I remember telling her how very much I admired her financial maturity. She told me that her father had died the previous year and left her just a few thousand dollars. She promised him that he wouldnt have to worry about her. She was right. People buy homes for different reasons. For many, a home is a financial investment. For many, a home is an emotional investment. For most, its both. We believe that you should love your new home and be proud to be a homeowner. Now is as good a time as any to get started.
