🤔 Think you missed the mark on buying a home when interest rates were lower?
Let’s take a look at buying “now vs then…”
⏳ THEN ⏳
You fell in love with a home priced at $350,000. Unfortunately, the market was hot and many others were competing for that exact home. So, while you had a 3.5% interest rate, you ended up paying $70,000 over asking to win the bidding war.
⏳ NOW ⏳
You buy that same home you loved before for $330,000. You are able to take some time and not make any rash decisions. While your interest rate is closer to 6.5%, you have more options to choose from and plan on refinancing later.
A quick mortgage calculator shows that “then’s” monthly payment is only $200 less per month, even with the much lower interest rate.
NOW’s scenario might look even better for you! 👉 It’s important we crunch the numbers and look at all factors when considering buying a home.