Berthoud Real Estate News

Rates and Home Prices, OMGosh???

August 22nd, 2023 2:32 PM by Cathy Heckman

With rates going up and home prices up, how can I afford to buy a home??

You have to ask yourself is this even possible. Several things can help you with answering that question, but Yes, it is possible

Look at:

1. Paying off debit, like credit cards and Installment loans

2. Putting more down and look at getting a gift from family to help with those additional costs

3. Buying down those higher rates

4. Running those numbers in advance and work towards that goal in advance

5. Look at programs with down payment assistance

You can do all these things and organize what works best for you buy working with your mortgage broker.

Posted by Cathy Heckman on August 22nd, 2023 2:32 PM

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