As you’ll see in the video, a lower interest rate allows you to borrow more money than a high rate with the same monthly payment.
Interest rates can fluctuate as you shop for a loan so ask lenders if they offer a rate “lock-in” which guarantees a specific interest rate for a certain period of time.
Remember that a lender must disclose the Annual Percentage Rate (APR) of a loan to you. The APR shows the cost of a mortgage loan by expressing it in terms of a yearly interest rate. It is generally higher than the mortgage interest rate because it also includes the cost of points, mortgage insurance and other fees included in the loan.
When you’re ready to start searching for homes visit www.TucsonHouseHuntOnline.com to search homes for sale just like a real estate professional.
If you have a home to sell in Tucson, visit www.GetMyHomeBuyer.com and Save $1000’s when you list and SELL pay ZERO commission. List – SAVE $ Sell!
If you have questions or are ready to sell, call or text at 520-428-1499 or email at John@JohnGSellsHomes.com
www.GetMyHomeBuyer.com List – SAVE $ Sell!