- Kim Cotton
The perfect house or the perfect rate?
As a first-time buyer, the options can be overwhelming: location, size, style, amenities…the list goes on. But at the end of the day, would you rather choose the perfect house or the perfect mortgage rate? Decisions, decisions!
Things to remember...you cannot change the location of the home or the size of the lot. If the mortgage rate isn't the best now, there are opportunities to change that. You can remortgage your home should rates go down. You can receive a 3/2/1 buy down which can lower your payments for the first 2-3 years. Or you can buy a rate down, however that also costs. Your real estate agent and lender should educate you on these items to see what is the best option for you.
Thinking of buying? Let's talk all of these things over.