Unpack the latest developments in closing costs and mortgage interest rates with us, and discover effective strategies for navigating the current real estate market. Here’s a snapshot of the key insights waiting for you:
🔍 Understanding the Rise in Closing Costs: In today’s market, closing costs are estimated between 4-5% of the loan amount. We delve into how inflation, property location, and other factors contribute to this increase, emphasizing the need for careful planning.
💡 Maximizing Savings with Discount Points: As mortgage interest rates have risen from 3% to over 7%, we explore the long-term savings potential of purchasing discount points to reduce your monthly payments.
📈 Mortgage Rates This March: Staying informed about the fluctuating mortgage rates is key to making informed decisions. We’re here to break down what the current rates mean for you.
📊 Get Ahead with Closing Cost Worksheets: Avoid surprises by utilizing our comprehensive closing cost worksheet. This tool helps you understand the total investment required for your property purchase.
🤝 Connect with Expert Lenders through Ryan: The mortgage lending process can seem daunting, but you’re not alone. Reach out to Ryan at The Stroupe Group Real Estate with your loan type, and let us pair you with an exceptional lender to guide you smoothly through the process.
🏡 The Evergreen Appeal of Real Estate Investment: Despite rates being higher than they were two to three years ago, real estate remains a smart investment. If you’re currently renting, consider this: paying rent is 100% interest with no return on investment. When you own a home, every payment is an investment in your future. What’s the real cost of renting versus the potential savings from buying? Let’s do the math together and unlock the value of home ownership.
We’re committed to empowering you with the knowledge and resources you need to make informed decisions about buying a home.
📞 Questions? Ready for personalized guidance? Contact us today. Whether you’re considering buying for the first time or looking to make another investment in real estate, our team, including Ryan, is here to help you every step of the way.
Discussing Down Payment Assistance: REALTORS® report that only 23% of their buyers who need down payment assistance programs apply for them. The primary reason is the buyer “did not know they were available."* There are hundreds of programs that provide help for both the down payment and closing costs. Just ask and we will provide information for your needs.