Winter is almost over, spring is drawing near and mortgage rates are still low. Right now, many homeowners are gearing up to put their houses on the market. If you’re planning on purchasing a home this spring, you need to be prepared so you can hit the road running.
First thing is first…If you intend to finance the purchase of your home with a mortgage, get a pre-approval from a reputable financial institution. Compare mortgage rates because your mortgage rate affects your monthly payment and the amount of interest that you will pay over the life of the loan.
Mortgage rates have a significant effect on the affordability of a home. This is important to both home buyers and home sellers. As a home seller you need qualified buyers capable of purchasing your home. In addition, if you intend to purchase a new home and plan on using a mortgage, attractive mortgage rates are just as beneficial. Understanding the impact of mortgage interest is very important. As little as a quarter-point increase in interest rates can effectively price a buyer out of the market!
If your financial situation allows it, now is the time to step up and take advantage of the current market conditions. Don’t let the opportunity to own your own home slip through the cracks.
About Carlene Calabrese
- Buyer Representation
- Certified Buyer Representative (CBR®)
- Seller Representation
- Premier Listing Agent
- Probate Home Sales
- Certified Probate Real Estate Specialist (C.P.R.E.S.)