Marry the Home – Date the Rate!
Marry the Home – Date the Rate! You’ve probably heard that ever since mortgage rates started to climb during the Biden administration. Believe it or not, due to a stubborn Mortgage Backed Securities (MBS) market, that phrase is still what we in the business are promoting! Are we greedy? NO! It makes sense! Marry the Home – Date the Rate, is solid advice for today’s real estate market. Here’s why. Purchasing your dream home may cause short term pain for your pocketbook, but rest assured, you most likely were the only one making an offer! This probably allowed you to negotiate the price of the home downward in your favor. Now, you have the home you wanted, and if rates go up, well, you know your did the right thing by receiving the lowest mortgage rate available. However, if rates go down, you will be a double winner as you can refinance into the long – term financing you were always hoping to get! So call Michael Mitchell at Mitchell Mortgage today and say, “Mike, I found the home I want and I’m ready to Marry the Home and Date the Rate! I am waiting to hear from you so we can write your pre-approval letter that you can hand to your realtor and make that offer! Call 707-337-5970 Mobile, 530-406-2200 & 707-259-1117 landlines.