We just completed a webinar with one of our go-to mortgage lenders, Jon Lamkin of Guaranteed Rate. According to Jon, not only are interest rates on the decline, (as low as 5% ARM based on down payment and credit score), but there are many new programs for first time home buyers, Veterans, Doctors, etc., that can help you keep your monthly payments as low as possible. As we always say, “be the source of the source!” So, if you’re trying to figure out how much you can afford to spend on a house, or what price point you should be shopping in based on what you want your monthly payment to be, please don’t hesitate to reach out to Jon directly. And tell him Susan and Irina sent you!
P.S. Interesting tidbit - watch gas prices to determine which way the interest rates are going. Supposedly, they go hand in hand!