Live in the Payment, Not the Price
Mortgage rates are at historic lows, but these changing rates can and will impact your monthly mortgage payments. Instead of looking at the price of the house, I’d recommend factoring out your potential payments for a better idea of the actual cost and potential savings. To give you an idea, below are two common mortgage scenarios that show the differences between down payment amounts, interest rates, and potential savings by end of term. NOTES: Keep in mind that the payments