Borrowing money to buy Coeur d'Alene real estate may be a more complex process than it was several years ago, but when interest rates are lower than they've been in the past 30 years and beyond, they're telling us it's time to borrow and do it soon.

In the midst of the Savings & Bond crisis in the 1980s, many will remember interest rates near 14%...today they are barely over 5%. Even during the peak of the real estate boom in '06 and '07, interest rates were hovering just above 6%. But what makes 2010 so unique is the fact that prices have fallen coupled with these cheap borrowing rates to create the perfect buying storm.

If you're contemplating buying real estate during the best time in history, Coeur d'Alene lenders offer some advice on what you'll need before you even begin:

• one month of paycheck stubs
• last 2 years of W-2 forms
• last 2 years of tax returns - all pages (personal and business)
• last 2 months of bank statements - all pages
• last quarterly statement of all other asset accounts (stocks, bonds, mutual funds, etc)

The federal government is taking initiative to make funds available in hopes to spur more activity and boost consumer confidence. So go on, take advantage. Black Rock Properties says so.