If you’re considering using a mortgage to finance your home purchase t is important to understand current market conditions and how interest rates affect your purchasing power or what a higher purchase price equates to in terms of a monthly payment. Here are three tools that may help you get some preliminary ideas:
It’s always a good idea to speak to a mortgage professional to get pre-approved if you think that you’re going to be using a loan to finance your purchase. Aside from getting you pre-approved for a loan, a loan officer is going to be able to let you know about different programs you may be eligible for and help you to choose the loan program that will best fit your needs. If you need referrals on where to get started let us know!