Is your low interest rate preventing you from selling your current property and buying your dream home. David explains why taking a chance with a higher rate might be the better option. #interestrates #mortgage #realestate #financial
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About StonePark Real Estate:
StonePark is a real estate development and construction company based in the Greater Washington, DC Area. The company specializes in multifamily development and general construction/management.
If you’re an agent, developer or in the real estate business and you want your property or project featured - Email us at connect@stonepark.com
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Additional info:
Key factors that will affect your interest rate:
-Credit score
-Home/Property location
-Price and loan amount
-Down payment amount
-Loan term
-Interest rate type (fixed and adjustable)
-Loan type (conventional, FHA, USDA, VA loans)
Buy down rate?
A buydown allows homebuyers to obtain a lower interest rate when taking out a mortgage loan. Buydowns can save homeowners money on interest over the life of the loan. A buydown can involve purchasing discount points against the mortgage loan, which may require payment of an up-front fee.
