How can we find a good deal in buying a house? how much is a reasonable interest rate on the mortage? I have good credit, 740.

Hello, Finding a good deal, depends on your market. Bank owned homes are generally the cheapest and easiest to purchase. Short sales are a longer process, and can fall apart with the selling lender. Bank owned properties, the banks want to unload. Some of the properties can needs some repairs, but is worth it. Your good credit would need to be matched with a stable 2 yr work history, with verifiable income sufficient to cover your mortgage, insurance, taxes and any other debts you have. Rates have hit the year low this week, and you can get a 30 yr fixed under 4.5% with the right income/credit. Good luck

My take on a good deal is finding the right home that meets all your needs. Finding that "bargain" can be time consuming...from REO (bank owned) fixers..or patience in waiting for a short sale approval...just depends on what your tolerance is. In regards to rates...with your good credit and depending on the down payment you can get conforming rates sub 4.5%. Feel free to contact me at 877-369-4319