Unlocking Huge Savings: Your Home Loan Just Became More Affordable!
This week brings good news for potential homebuyers as interest rates take another dip, thanks to the FED signaling no intentions to raise them. Homebuyers are now eligible for up to 20% more home compared to just this summer. And with housing prices ...
This week brings good news for potential homebuyers as interest rates take another dip, thanks to the FED signaling no intentions to raise them.
Homebuyers are now eligible for up ...to 20% more home compared to just this summer. And with housing prices dropping by 10 to 20% from their peak, the average homebuyer has just scored a significant boost in purchasing power.
Imagine this: a $500,000 home now costs $650 less per month for well-qualified buyers. What used to be an 8.1% APR is now down to 6.3%, requiring only a 3% down payment. Those with a 20% down payment can secure rates below 6% APR. That's some serious savings!
But the excitement doesn't end there. These new options extend to multi-family properties too. So, if you're eyeing a property that could be a fantastic rental in the future, rejoice! Lower down payment options are now on the table.
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