How Mortgage Rates Impact You [Infographic]

So, how do mortgage rates impact you?

When considering buying a home, it’s important to understand how a change in mortgage rates can affect your monthly payment, which is what your pre-approval from the lender is based on. Yes, your affordability is partly based on the price of the home, but breaking it down into your monthly payments is how we make sure your new home fits your budget. Things like HOA dues, property taxes, and insurance also play a part in your monthly payment.

Are you curious what mortgage rates and home prices fit into your monthly budget? Reach out to us for a no-obligation chat!