[chrisandaaron]

OK, so my husband and I have been renting with a plan to buy my parents home. We have been paying down their mortgage and gaining equity in the home for a couple years. The plan was to buy them out in a couple more years. However intrest rates seem low, so we are thinking about doing the buy out sooner. We found a 30 yr fixed rate for 5.2% 0 points. Does that sound good? Does anyone think they are likely to get any better?

I don't really want to put much/any money down, but we are buying the house for significantly less than it is worth, so we will have equity in the home right off the bat. This is not our first home, so getting the best mortgage rates should not be a problem.

thanks for your help!
Chris