Here's a visual of how numbers are all relative. While interest rates are higher right now, purchase prices are lower.
This results in less down payment required, which translates into a lower mortgage amount and a lower monthly payment than earlier this year when rates were just starting to climb and prices were at an all-time high.
NOW is a great time to buy.
"Don't wait to buy Real Estate, Buy Real Estate and Wait". ~ Robert G. Allen
If you've been playing the waiting game, now is time to get fully pre-approved so you can understand your numbers and purchase the right property for you! Rate holds are good for 120 days and if they go down, you'll get the lower. If they climb, you'll be protected.
Contact me for a no-obligation, free consultation... you might just be pleasantly surprised.
I am passionate about helping my clients become and remain homeowners and make their equity work for them. I truly care about each and every client and I take pride in being part of their trusted team of advisors.
Since I joined Dominion Lending Centres in 2016, I have originated hundreds of mortgages, from Prime A lenders, to Alternate B and Private loans. I am also able to help clients with construction and commercial loans. I understand the importance of identifying and working towards long-term goals and helping my clients achieve them. I work for my clients, not a bank or financial institution.
I have excellent relationships with my fellow mortgage professionals and mortgage lender teams. I am well-versed in a wide array of products and am passionate about placing my clients in mortgages that are tailored to fit their individual needs.
Every client is important to me and I always operate with integrity, transparency, creativity and care from the heart. Rest assured, I will always find The Right Mortgage For You!