If you’re considering getting a mortgage in Pittsburgh, you should know that there’s plenty of reason to take action quickly. From historically low interest rates to hungry real estate investors looking to snatch that dream property out from under you, there’s no
shortage of reasons to not approach getting a mortgage in Pittsburgh with a sense of urgency. The following are 6 of the top reasons why you should get a mortgage or refinance in Allegheny County now.
1.) Location, Location, Location
If you’re looking for stability and growth, world-class medical and technology services and plenty of parks to balance the urban setting, then Pittsburgh has exactly what you’re looking for. The city and surrounding area has something to offer to everyone; you can get a mortgage for virtually anything from a chic high rise flat to a convenient suburban townhouse to a “green” home in a peaceful setting,
2.) Pittsburgh Largely Unaffected by Housing Crash
Pittsburgh stayed strong during the housing crash of 2008 and has remained steadfast throughout the entire real estate and financial crisis being experienced in many other parts of the country. This means that the area will likely continue to remain a safe haven for people looking to secure a home in a market that is stable and in many cases growing.
3.) New Mortgage Borrower Protections and Benefits
Recent recommendations by the US Consumer Financial Protection Bureau could require a much higher level of disclosure between mortgage lenders and borrowers. Additionally, legislation in the mortgage industry has also made it easier for people with credit problems to get the home loan or refinance they need, provided they take certain steps and make specific repayment commitments.
4.) Property Being Bought Up
Real estate investors are buying up property in the few areas of the country where housing markets were largely unaffected by the crash of ’08. Pittsburgh is one such desirable marketplace, and as a result properties are being purchased as investments. This means that the home you’re considering could be bought by someone who doesn’t even intend to live there.
5.) Pittsburgh Education System
Getting a mortgage in Pittsburgh puts you in the midst of one of the country’s finest academic communities. This includes the top-ranked University of Pittsburgh, Carnegie Mellon University, Duquesne University, Carlow University and many other excellent schools. Additionally, the public school system in the area is staffed by some of the best paid teachers in the nation.
6.) Mortgage Rates at Historic Lows
Finally, and perhaps most importantly for many borrowers, the historically low interest rates available for a Pittsburgh mortgage make buying a home or refinancing in the area attractive to just about anyone. This is true for professional couples, small and large families, graduate students, retirees, business owners and more. However, rates aren’t likely to remain this low for long, so it’s important to take action in order to capitalize on this significant opportunity.
To get an immediate quote and consultation, call the number at the top of your screen now, or fill out our easy online application. The home of your dreams could be a lot closer than you think, and it all begins right now.
