How Do Mortgage Rates Affect Your 2016 Home Purchase

What makes 2016 a good year to buy a home?

Mortgage rates may affect your home purchase plans more than you realize. You see the lower the mortgage interest rate you receive, the more buying power you have. Buying power is how much home you can afford.

Most reputable lenders help you choose your loan amount based on monthly payments that are comfortable for you. The lower the interest rate the lower your monthly payment.

If you are moving up to a larger home, the lower the interest rate that you can get, the more home that you can afford.

For a seller, this is important, because lower interest rates give you a larger buyer pool! Lower interest rates mean higher price affordability for buyers.

Thinking about making your move? Don’t forget to call Sarah first for expert market knowledge and straight forward advice.

Do you plan to get a mortgage on your next home purchase? Contact me for references two reputable wonders! The lender you choose can also greatly affect your home purchase!

#mortgages #homepurchase #buyahome #sellahouse

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