Are you loving the sunshine we have had this past week? Feels so good!
Buyer’s keep asking me about interest rates. I want to shop lenders. The rates are really up to the borrower. Yes, we have rates that change almost daily, and in order to get the best rates it is up to you! Rates depend on your credit score, your down payment, your loan program, debt to income ratio’s. A buyer with a credit score over 850, hardly any debt and has a large down payment will have a favorable rate over the buyer with a 650 score, high debt, 3% down and a loan program to fit their needs. So pay off your debt, work on increasing your score and save!
In my practice I have insisted on getting buyers underwritten. Do all the work upfront, get your taxes and W-2’s in, everything the lender needs. When you do find the house of your dreams, if you are underwritten you can close in 10 days. You will win a multiple offer over a Pre-approval. I can’t stress it enough!
Inventory is still tight and we are seeing some improvement.
Get in your home before prices go up!
I love my Job!
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