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5 Things You Should Know About Today’s Mortgage Rates
We all know that mortgage rates are at a current all-time low, but how long will they stay that way? If you are thinking about buying a home doing it now would be the best time. Most of us have questions on how to get the best mortgage rate and what the current mortgage rates are right now. Below is an outline of the information that you will need to make the best choice and how to ensure that you get the best mortgage rate while you can.
1. Currently Georgia’s Mortgage Interest Rates are sitting at 3.52% which is .04% above the National at 3.48%.
2. The best plan of Action is to find out the best Loan Program for you. There are many different loan programs that you will want to look into and decide which one works for you and your needs. Once you decide on a loan program you can then find a lender and get the process started.
3. Find a great lender! You want a lender that is reliable and has great references so you know they will provide you with not only the best interest rate but the best customer service as well. I recommend going with one of my preferred lenders-see Resources section.
4. Just because mortgage rates are currently the lowest they have ever been does NOT mean they will stay that way or go lower. Due to unforeseen events and/or causes this could change at any time.
5. Above all else before you start in on this journey remember a few key things:
a. Obtain your credit report and find out what you need to fix to allow you the best possible loan.
b. Make sure you are being realistic on what you can afford when purchasing a new home. Try using myMortgage Calculator (located in the Resources section) to figure costs and what you can safely spend on a new home.
c. Get Pre-Approval, this will help you find out if you need to do anything else before starting the home buying process. Most lenders in Warner Robins, GA will help you through the pre-approval process and what you can do to get the best mortgage rate.
d. Feel free to negotiate mortgage fees; there are a lot of costs associated with purchasing a home so find out what you can do to bring those costs down.
Buying a home can be a stressful process; however I am here to help you from start to finish! Call me today so that we can get started on looking for your brand new home here in Warner Robins, GA!
Resources:
Click here for a list of my preferred lenders.
Mortgage Calculator
Rebecca Johnson
478-320-1186
[email protected]
www.rebeccajohnson-realtor.com
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