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Budgeting For Your First Home

The news is everywhere!  Freddie Mac, Fannie Mae, The Mortgage Bankers Association are all forecasting Mortgage rates to increase in 2018.  With the forecast to 4.9% by the fourth quarter of 2018 by Freddie Mac from the low of 4.1% in the first quarter.

So you might be asking…”So Sandy what does that mean to me…?”  It means a couple things:

1.  The amount of your monthly payment for the exact same house in December of 2018 could cost you more!  (on a purchase price of $399,000 with 5 % down, $230.00 more a month)

2.  The amount you can borrow will be LESS because the payment is higher.

This is what I do know, that buying a home and getting a mortgage is a VERY personal decision and it cannot be answered by an article!  It is assessed through a full conversation and consultation.  Thinking you can do that with an online 4 question website is CRAZY!

Get into a complete conversation and make sure you get your questions answered.

Have questions about a mortgage, just know we are here to help.  Need a referral to an amazing Realtor anywhere in the United States (and Canada) just let me know.

Your Loan Lady,

Sandy Krestan
602-820-5166 Mobile/Text
480-420-7107 Team Hotline