adjustable rate mortgage: To Arm or Not to Arm? 7 Plain Questions To Ask Your Lender!
- 10/29/22 05:25 PM
This year has not been kind to buyers. First it was hard to win a house because there were so many multiple offer situations where you had to compete with lots of other equally motivated buyers. Now the inventory levels are improving and there are more homes to choose from. You can actually get a home inspection! Just as you thought the market was turning in your favor, interest rates have shot up! Last year you had to pay a premium for a home - this year, you have to pay a premium in the mortgage market!
If you’re shopping for … (26 comments)
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adjustable rate mortgage: What to Do About Rising Interest Rates - 7 Tips
- 05/15/22 07:37 AM
QUESTION: When is the best time to buy a home?
ANSWER: When you are ready.
So what happens when you are ready to buy a home but rates are going up? You can wish that you had been ready last year when rates were remarkably low but wishing won't do you much good.
It is important to remember that rates are still pretty low but that doesn’t change the fact that they’re higher than if you’d just bought a house even six months ago. Kind of painful to hear, huh?
What you’d probably rather hear is that rates and house prices will come down in the … (17 comments)
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This year has not been kind to buyers. First it was hard to win a house because there were so many multiple offer situations where you had to compete with lots of other equally motivated buyers. Now the inventory levels are improving and there are more homes to choose from. You can actually get a home inspection! Just as you thought the market was turning in your favor, interest rates have shot up! Last year you had to pay a premium for a home - this year, you have to pay a premium in the mortgage market! 
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