Right now has to be one of the best times in our history to get a low interest mortgage for a home. I am stunned at how low the rates have come down. When you can get a mortgage rate below 5 percent then it’s time to sign me up.

Do you remember in the Regan administration in the 1980s when a low interest mortgage rate was in the double digits, but now we are lower than 5 percent. It is truly amazing to me that the mortgage rates are so low, and yet people are afraid to buy.

What you need to know before you get a morgage is easy. Make sure that your home is less than 1/4 of your take home pay. Make sure that you get a fix rate mortgage, and I prefer a 15 year note so that I pay less.

I would have to say now is the time to get a low interest mortgage, and save a ton of cash on the purchase of your home, because I do not think these rates are going to last. Home sales go up in the summer time, and this could affect the interest rates.

If you are looking to buy a foreclosure in Dallas, TX then chances are you have found a ton of sites that will charge you a monthly fee to search foreclosures in the Dallas area. While this is alright, I am the cheapest person I know, and I like to figure out a way to find free information on how to buy foreclosure in Dallas, so that I can save the $25 bucks a month, and spend that on something better.

So here is a great tip for finding foreclosures for free.

While I cannot list the sites there are several foreclosure sites that will give you a lot of information for free, and you can every get the street name and price, but not the house numbers. To be honest with you this is all you need to find a foreclosure. Get a map to the street, and drive over to neighborhood, then you are going to drive down the street and start looking at the windows of all the houses on the street, and when you see the foreclosure papers in the window you just found the foreclosure without paying the monthly fee.

Tip #2 For Finding Foreclosures For Free
Next all the sites give you different information, some will give you the address, while others price. What you need to do if find about 5 good foreclosure sites, and then when you find a possible foreclosure that you are interested in you go ahead and cross reference the foreclosure with the other sites to get as much information as possible. This can get you all the information you want on buy a dallas foreclosure FREE.

I hope you enjoy the Foreclosure Tips!