Are you a recent grad thinking about buying your first home? Tread carefully. Although the historically low rates for a home may give reason to salivate, you want to take a closer look. With the FED’s plans to slow down the “quantitative easing” (QE3) over the next year as announced last month, we may soon see long-term interest rates going up. It may seem like a good idea to jump on the low interest rates before they go up. However, if you have student loan debt, it is critical that you consolidate your loans now. With that said, here are some considerations to ponder before buying your first home.
LOW RATES DOES NOT EQUAL AFFORDABILITY
Just because rates are low, doesn’t mean you can afford it. You may not even qualify to receive a low…
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