Monthly Archives April 2022

Don’t Do These Things While Buying a Home

 Here are seven common home-buying mistakes you should avoid.   Are you looking to purchase a home soon? It’s an exciting process, but it’s easy to become overwhelmed and make mistakes. That’s why today I want to share a few common errors you should avoid when purchasing a home:   Don’t buy big-ticket items before closing. Once you get under contract, it’s easy to get excited about buying new furniture or a new car, but try and hold off for a bit. If you make a big purchase before you close, it could affect your credit and cause issues
Read More

Rising Rates Will Change What You Can Afford

 How increasing interest rates affect how much home you can afford.  Let’s talk about interest rates and how they affect you as a buyer.  If you’re planning to purchase a $280,000 home and put 20% down, you would have a monthly payment of $1,869 at a 3.25% interest rate. Right now, our interest rates are sitting around 4%, so that same house and down payment cost $2,014 a month. That’s a difference of $118 every month. That might not sound like much, but every time that monthly payment increases, it’ll raise your taxes, insurance, and more. If you stayed in
Read More