Price Vs. Payment
One thing we always advise our clients on, is to focus on payment, not price. Many of our clients say "We want to stay under $400,000." But if the purchase price is largely irrelevant. Why? Because if you're financing the purchase, you will do so over a 30 year term. Yet, the average homeowner will sell in the 7-10 years. So, you will never actually pay the full amount. Instead, the monthly amount needs to fit into your budget. If it does, that's what matters.
How Rates Impact Buyers
Understanding how rates impact your purchasing power is important when buying a home. Don't let changing mortgage rates catch you off guard – they can make a big difference in what you can afford and how much you’ll pay each month. To talk through how all of this affects your plans call a knowledgeable CENTURY 21 Bessette Agent today.
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