Blog

Is 2019 the year you'll finally invest in your own home?  If so, here are three things you'll need to know...

Rising Interest Rates 
Mortgage rates are currently on an upward trend so the sooner you can lock in your interest rate, the better. However, if you aren’t ready quite yet, don’t stress. Rates are rising, but it’s happening slowly. In the meantime, consider taking proactive steps to lower your interest rate by improving your credit score or shopping around for the best terms.

Be Ready for More than the Down Payment 
There are still a few institutions for buyers looking to roll closing costs in with their mortgage payment, but you should plan on having enough cash on hand to cover your down payment and closing costs. Closing costs can run around 2.5% of your loan amount, so take that into account when figuring out how much you can afford to pay for your home.

Get Prequalified First 
The entry level home market is still tight, so get prequalified by a lender before you start looking at houses. This will not only inform you of how much house you can afford; it will also allow you to put in an offer immediately when you find a house you like.

If you or someone you know is getting ready to buy or sell their home, give me a call. I can help you figure out what you need to do to get the best possible results.