Do you need a new or first time home loan? Home affordability has never been higher since it was first tracked over 40 years ago. A combination of declining property values and low interest rates make it a great time to buy a home.
If you’re tempted to wait for prices to fall even lower, be sure you account for any rise in interest rates.
For example, the monthly payment savings you’d get from a 10% price drop can be cancelled out by a 1% interest rate increase.
Mortgage Advisory Group (MAG Loans) has professional loan advisors ready to help at each of our Everett, Mill Creek, Marysville, Bellevue, Puyallup, Wenatchee and Arizona loan offices. If your looking to buy a home, give MAG Loans a call first!