We’ve never seen interest rates this low for mortgages, and if you’re ready to buy a home (or refinance), you can take advantage of the situation right now.
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Whether you are a homebuyer or a homeowner, you should really consider taking advantage of these low interest rates we have right now.
Due to the economic impact of the coronavirus, we are seeing buyers get rates lower than we’ve ever seen, many below 3%. This drop has also increased buying power by nearly 10%. If you were looking at a $200,000 home before these rates dropped, that’s only a $180,000 home now. To find out what you qualify for, visit this link.
If you can get an interest rate that’s 0.75% or lower than what you currently have, you should jump on it.
If you’re an existing homeowner and plan on being in your home for at least another five years, you should consider refinancing. If your current rate is 0.75% or higher than what you can qualify for now, you should definitely be taking advantage. Refinancing can also allow you to consolidate all of your other loans into one low-interest rate loan. To learn more, visit this link.
If you have any other real estate questions for me, don’t hesitate to reach out via phone or email. I look forward to hearing from you.