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Buying a Home and Low Interest Rates & What That Means For You

Have you thought 💡 about buying a home 🏠 right now? Did you know about historically low ⬇️ interest rates and what this means for you?

A message 📣 from team leader, Brandon Brittingham:

Have you thought about buying a home 🏡 right now? We are seeing unreal interest rates. We are seeing some people getting interest rates 2.5%, 2.6%.

What does this mean for you? ❓

It means the cost 💵 for you to own a property is a lot less. Your payment is going to be a lot less in comparison to even the last few years. In a lot of cases here on the Eastern Shore, your mortgage payment 💲 is going to be less than you would pay for rent for the same house. What’s really important about that though is because the market is so hot and interest rates are so low, a lot of people know that it’s a smart time to buy a house.

So what we are seeing is an unreal demand from buyers. So if you’re thinking about buying a house 🏠, the first thing you want to do is get pre approved and make sure you’re ready before you go out. Because in some cases, you’ve got 24 to 48 🕛 hours to make a decision on a house before it sells. So it is really a great time to buy because interest rates are so inexpensive, but you need to get prepared. And if you’re worried about credit, whatever the case is, give us a call 📞. We can put you in touch with one of our lenders to help you through the process. We’ve all started there at some point. But it’s really important to be prepared before you go out and look at a house and get a preapproval.

If you have any questions, reach out. We’d be more than glad to help you!

The Maryland and Delaware Group of Long & Foster Real Estate
☎️ D: 443-783-3928 O: 443-339-9200

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Our agents write often to give you the latest insights on owning a home or property in the local area.