Here is what you know. You know that your current living situation is no longer "working" for you. You may feel trapped because you currently have that low interest rate mortgage. What if you purchase now and then in a month or two mortgage rates begin to drop? Lets talk about this.
When you see the right home, you put in an offer, you win the bid, you close and then rates begin to decline. Did you know that most mortgage companies will give you a lower interest rate mortgage at a reduced fee for a refi? A good time to inquire about this is when you are applying for your new mortgage. What happens if you simply wait to purchase until the rates begin to decline? Typically when rates begin to decline home prices will go up because the demand for housing goes up. With this in mind, you are not really benefiting by waiting for the better rate because you are paying more for the home. For more specific information on your geographic market area call, text or email Sandy Martin 717-725-4238 [email protected]
