Lower Interest Rates. How They Affect You

With interest rates falling to all time lows, this can benefit you as a seller. How? The lower payment now opens an opportunity for a new pool of homebuyers by creating an overall lower mortgage payment. This allows the buyer to increase their buying power for homes that were previously unattainable. 

When getting a pre-approval letter, make sure your lender has confirmed the buyer qualifies for your home specifically, including your property taxes and HOA fees. 

In addition, if you are considering home improvements for a future sale, this may be a great time to speak to a lender regarding a cash out refinance or a home equity line. For additional information please contact me.

Contact me for additional information

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