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Are you a potential buyer lingering on the sidelines due to higher interest rates? It’s tempting to weather the storm and wait to buy until rates come back down. The problem is that everyone knows rates will eventually come down, and when they do, there will be a lot of buyers coming out of the woodwork to compete for your dream home. What if you could buy now, secure a lower rate, and be ready to refinance when those rates are more favorable? To help you do this, today, we’re sharing five tips to help you lower your rate and buy before the rush.
Feel free to watch the full message above or use these timestamps that will direct you to various points in the video:
0:00 — Introduction
0:55 — Boost your credit score
1:29 — Increase your down payment
1:53 — Go with a shorter mortgage term
2:42 — Buy discount points
4:04 — Interest rate buydowns
6:22 — Wrapping up
Remember, if you have any questions about lowering your interest rate, or real estate in general, please don’t hesitate to reach out by phone or email. We are here to serve as your resource for all of your real estate needs.