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Know Your Numbers – Buyers New Rates
Principal and Interest only: $800K, 20% down 3% – ~$2,699/mo5% – ~$3,456/mo$757 monthly difference $1M, 20% down 3% – ~$3,373/mo5% – ~$4,295/mo$923 monthly difference $1.5M, 20% down 3% – ~$5,060/mo5% – ~$6,442/mo$1,382 monthly difference
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How To Approach Rising Mortgage Rates as a Buyer
In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. While that news may have you questioning the timing of your home search, the truth is, timing has never been more important. Even though you may be tempted to put your plans on hold in hopes that rates will […]
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What You Need To Budget for When Buying a Home
When it comes to buying a home, it can feel a bit intimidating to know how much you need to save and where to find that information. But you should know, you’re not expected to have all the answers yourself. There are many trusted professionals who can help you understand your finances and what you’ll need […]
