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Benjamin Qiu
  • Investor
  • Queens, NY
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How hard is it to get financing when market turns?

Benjamin Qiu
  • Investor
  • Queens, NY
Posted Jun 12 2019, 09:48

Greetings,

With market being so high and reasonable rate currently, if/when market turns, will rate go down since the economy needs a boost, or will it go up and become difficult to get financing?

We currently have enough money for a down-payment, is it wise to take advantage of the reasonable rate and buy at a high price or best to wait for price to go down and risk with difficulty getting a loan.

Thanks for any input

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