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Time to Move! Banks To Drop Lending Rates

2011-06-08 09:33:23 by: AD
It's time to stop procrastinating and start moving!
The Central Bank of the Bahamas has reduced the discount rate by 75 basis points to 4.50 percent.
This means banks are expected to reduce the prime rate from 5.50 percent to 4.75 percent and make similar adjustments in their lending rate schedules.
With Bahamas real estate prices adjusted to lower levels, this is the time to move (pardon the pun)! Shop around and see what the banks have to offer and then prequalify for a loan.
Remember, once you find your dream home, you want to be ready to make an offer before someone beats you to it.
Ask your Bahamas Real Estate Association agent about the first time home owner exemption
What are you waiting for!

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