Ann Arbor, MI – March 25, 2009 – With economic and housing stories dominating daily news coverage, many consumers are wondering, is now a good time to buy a home? According to Gold Star Mortgage Financial Group, the answer is yes. Gold Star Mortgage Financial Group suggests that potential homebuyers consider the following:

• Interest rates are at or near historic lows, with a 30-year fixed rate mortgage below five-percent.
• In most cases, it is less expensive to own than rent, even when you factor in the cost of homeownership, such as insurance, taxes, etc. Plus, why pay for your landlord’s property when you can build equity and wealth in your own home? Rents are rising as many investment property owners struggle to keep up with their mortgage payments, and by renting, you are at risk if the property owner goes into foreclosure.
• Inventories are very high right now, providing prospective buyers with a wide array of properties to choose from.
• In many cases, home values are at 2001 levels, giving consumers the opportunity to find a great deal on a property.
• A variety of financing options exist, including low-down payment options, FHA loans and rural development programs.
• HUD properties are available with very little down, and FHA financing available. Consumers should check with an FHA expert to guide them through this option.
• An $8,000 tax credit is available in 2009 to qualified first-time homebuyers, who should check with their mortgage or tax professional.
• Now is also a great time to refinance, which could lead to significant savings in interest paid over the life of the loan.

“Interest rates, loan programs, and inventory of available properties make this an ideal time to buy a home and consumers should work with a licensed/registered and educated mortgage professional who can help determine the right loan program option based on a consumer’s individual circumstances,” said Dan Milstein, CEO of Gold Star Mortgage Financial Group.

Gold Star Mortgage Financial Group is able to shop among more than 80 banks and lenders to insure their clients have access to the best programs available. They offer services in retail and commerical mortgage loans, insurance, debt consolidation and financial planning. For more information visit www.goldstarfinancial.com or call
800-784-1074.

Interviews with Dan Milstein are available by request.