If you’ve been thinking about buying a home this year, you’re probably wondering if you should continue down that path or if it makes more sense to wait. Buying a home allows you to stabilize what’s typically your biggest monthly expense: your housing cost. When you have a fixed-rate mortgage on your home, you lock in your monthly payment for the duration of your loan, often 15 to 30 years. Fortunately, you have a couple of options in today’s market to help decrease your mortgage rate. The first is to buy points. This upfront cost reduces your interest rate over the life of the loan. Second, is a 2-1 rate buy-down. Both could be good options for you and I’ll be discussing both in a video soon. Be sure to check that out if you’re thinking of buying a home.
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You May Be Wondering… What is My Home Worth?
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For questions regarding the Broomfield Real Estate Market in general contact:
Realtor® | Real Estate Negotiation Specialist
North Star Team at Compass