The market might seem spooky, but finding your dream home is still within reach with the right guidance. The key to homeownership is working with an expert who can help you find the best options for your budget. Speak with a trusted lender about refinancing plans, down payment assistance, rate buydowns, and available loan programs.
Many of our clients have had success with adjustable-rate mortgages (ARM.) An ARM typically offers a lower interest rate for an initial fixed period (usually 5, 7, or 10 years). After that, the rate adjusts based on market conditions. If you plan to sell or refinance before the adjustment period, an ARM could save you money in the short term.
If you can afford to pay more upfront, you may want to consider “buying points.” This involves paying extra at closing to lower your interest rate over the life of the loan. Each point typically costs 1% of your mortgage and can reduce your rate by 0.25%.
Let’s navigate this haunted maze together—reach out today!
