The great thing about a mortgage rate is that you can refinance in the future when rates go down. If you wait to buy until rates cool down, you’ll have to compete with more buyers and possibly pay a premium.
From 2020 to 2021, interest rates were at record lows. As a result, an alarming trend of buyers bid well over the asking price and still did not get their dream homes. Now that rates are climbing, bidding wars are no longer a major issue.
If you start house hunting when there’s less competition, the odds will be more in your favor. When rates drop, you can take advantage of First Option Mortgage’s Refinancing Services.
No matter how good the economy is, you can’t refinance your home loan balance. The only way to lower your balance faster is to pay more than the minimum payment. If you bought at the top of your budget, you might have trouble doing this.
There will always be some sort of trade off, regardless of when you buy. That’s why you shouldn’t wait for the market to be “just right”.
Having a place to call home opens up a new chapter in your life and creates memories that you just can’t put a price on. If you find the perfect house that fits your budget, call your favorite mortgage company in Indianapolis, and go for it!
Our mortgage lending experience is simple and easy to start. Speak with one of our friendly and experienced mortgage professionals today!
My favorite mortgage company, we got great rate on our refinance and everything was so easy and done from the comfort of our home. We are so happy with our refinancing. Call them today.
Everything went great from the first phone call to the closing. The staff, especially Nicole and Brad, were very professional and knowledgeable about the procedures and the paper work that was needed for the completion process. Thank you for your hard work and dedication!
Jarad and Brandon will go all out to make everything with your mortgage go so smoothly! I had such a great experience in 2015, I referred them to my BF and he had the same experience! Decided to refinance my property this year and my experience was even better than before.
First of all would like to thank Nicole for her dedication and hard work she help me all the way to the end. I recommend First option to anyone. She was with me from April to January all the way. Helping me understand all about purchasing a home. Thank you all so very much
Clark Sigmund made sure we understood everything in the process of buying our new home, helped us a ton along the way, and made sure we closed on time!!! 10/10 would recommend and use Clark with First Option again!! You won’t be disappointed!