3 Tips to Secure a Low Mortgage Rate When Selling and Buying a Home

Selling and buying can be an exciting venture, but there are many tough decisions ahead: what type of place do we need/want to live in and which types of mortgages have lower interest rates available?

Experts say that people should buy a home before the interest rates go up. But there are some ways to get a good mortgage rate on your next home.

The first thing you can do is shop around for the best rates and terms offered by different lenders - that’s why we created our online mortgage calculator! The second step in securing your new low-rate mortgage is applying with a company like ours that will give you all of the options available, so you know what's out there before committing to anything.

Lastly, be sure to get preapproved for financing before making an offer on any property. Preapproval provides peace of mind since it acknowledges upfront that you can afford the monthly payments associated with such a loan; this way when it comes time for an appraisal or inspection, nothing catches you off guard.

Buyers want to get the lowest rates possible. But today’s rates are still much lower than they were before.

What are some tips for securing a low mortgage rate?

Here are 3 tips:

1. Plan ahead
2. Compare your loan options
3. Be flexible with the size of the house you want to buy or sell.

If you're planning on moving within the next year it's important to consider refinancing now before more changes happen in the market like these projected mortgage rate trends.

Think about the different numbers you want to know before purchasing. You'll need your credit score, monthly income, and expenses as well as any other debts or assets that could affect your ability to pay back a new mortgage loan.

How do I know if my home is worth what I owe on it? The answer can be found by looking at real estate listings in your area; compare the prices of similar homes with yours and see where they fall within this range. If there's an overage, consider selling first rather than going through the trouble of a refinance -- unless the cost savings outweighs all else aside from convenience for you.

Does the cost of your new home give you better value f for a bigger home than what you currently own, it's important to account for the extra cost of utilities and renovations. It may be more economical in this case to find an apartment or condo that meets all your needs while staying within budget.

Need Help Selling Your Home? Contact Us Today!