Tuesday, February 24, 2015

What would you do if you knew?

What would you do if you knew you could have a historically low interest rate on a mortgage loan for the home of your dreams?

     Most people move homes because of job changes and shifts in lifestyles. Rarely will a homeowner opt to move from one home to another specifically because of low interest rates. Until now, this statement has been true. However, with interest rates as low as 3%, a large number of buyers who previously purchased a home in the middle of a bubble economy with high interest rates are making the decision to dump the overly inflated and overpriced purchase in exchange for a more affordable interest rate and realistic purchase price for the home of their dreams.

One of the biggest misconceptions of homeowners who purchased a home during the previously inflated and unhealthy economy is that they are 'locked-in' to the mortgage loan. I beg to differ. With an ever-so roaring real estate market and home prices that are more affordable than ever, a second chance at finding peace with your mortgage payment is more achievable than ever.

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