Infographics
How Changing Mortgage Rates Impact You [INFOGRAPHIC]
Some Highlights
- If you’re looking to buy a home, it’s important to know how mortgage rates impact what you can afford and how much you’ll pay each month.
- That’s because even a small change in mortgage rates can have a big impact on your purchasing power.
- The best way to navigate changing mortgage rates and make an informed buying decision is to rely on the expertise of a local real estate professional and mortgage lender.
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Some Highlights
- Did you know the equity you have in your current house can help make your move possible?
- Once you sell, you can use it for a larger down payment on your next home, so you’re borrowing less. Or, you may even have enough to be an all-cash buyer.
- The typical homeowner has $298,000 in equity. If you want to find out how much you have, connect with a local real estate agent for a Professional Equity Assessment Report.
Some Highlights
- When it comes to the current housing market, there are some myths circling around right now.
- Some of the more common ones are that it’s better to wait for mortgage rates to fall or prices to crash. But there are others about the supply of homes for sale and down payments.
- Lean on a real estate professional to help separate fact from fiction in today’s housing market.
Some Highlights
- If you’re about to retire, or just did, downsizing can be a good way to try to cut down on some of your expenses.
- Smaller homes typically have lower energy and maintenance costs. Plus, you may have enough equity built up to fuel your move.
- If you’re thinking about moving to a smaller home, connect with a real estate professional to go over your goals and look at your options in the local market.
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