Marlow's Mortgage Minute

09/16/2024

Is There a Perfect Interest Rate to Buy a Home?

While rates are dipping below 6.5% for a 30-year fixed loan, waiting for that "perfect" rate could mean missing out on a great home.

Here’s how to navigate it:

1. Set Your Rate Goal – Know what rate works for you and keep an eye on the market. Some buyers wait for rates under 6%, while others prefer waiting for 5%. Nail down on your budget and see what rate works for the monthly payment you are wanting.

2. Act When the Time Is Right – Lower rates often mean higher prices and more competition. Be ready to jump in before the market heats up.

3. Prepare While You Wait – Get pre-approved and find a real estate agent so you can move quickly when the opportunity arises.

Remember, the perfect time to buy isn’t just about the lowest rate—it’s about finding the right home at the right time for you and your goals.

As always, if you have any mortgage/real estate questions, don't hesitate to DM me.

12/01/2023

2024 Conventional Loan Limits are out! Check out this video to see what the new limit is and what that means for purchasing power!

Hey, Mortgage Squad! Andrew Marlow here, your guide to all things mortgages, bringing you the hottest scoop in the real estate market. In this video, we're b...

10/29/2023

Don’t want to refinance that 2% mortgage but want to access your built up equity? Check out this video diving into helocs and heloans.

Welcome to another insightful episode of Marlow's Mortgage Minute! In today's video, we're delving into the world of home financing to help you make informed...

10/17/2023

Should I use a big bank or a local lender?

Welcome back to Marlow's Mortgage Minute, your trusted source for insightful mortgage advice! In this latest installment, we delve into a question that's on ...

06/14/2023

Check out the latest and greatest from Marlow's Mortgage Minute(s) and find out what an appraisal contingency is.

Welcome to Marlow's Mortgage Minute(s) where we take the confusion out of the mortgage and real estate worlds. Today's video is talking about what is an appr...

06/13/2023

Latest Marlow's Mortgage Minute has been posted on youtube. Check out what a loan contingency is here:

What is a loan contingency on a mortgage? Does a loan contingency protect the buyer or the seller? Does the loan contingency matter? Can I waive the loan con...

04/25/2023

Income needed and payment breakdown of a home purchase of $500k in Las Vegas, NV.

Quick breakdown of the monthly income needed to comfortably afford buying a $500k home in Las Vegas, Nevada.The interest rate shown as well as the property t...

03/29/2023

What is an escrow account?

03/27/2023

What makes up your monthly mortgage payment??

03/22/2023

What makes up a buyer's closing costs.