Here’s some advice that most Realtors won’t tell you. While it’s true you can always refinance your loan, don’t buy a house at today’s interest rates expecting to refinance in a year. Nobody has a crystal ball & can tell you with 100% certainty what’s going to happen in the future. If you’re not comfortable with the payment at today’s rate, you shouldn’t buy the house. Also, it’s not always that’s simple to refinance. You have to re-qualify when you refinance so if you’ve had a change of income or the value of your home has gone down, you may not quality to refinance. Only buy a house if you’re comfortable with today’s payment.
Be sure to follow me on Instagram for more tips & send this to a friend who wants to buy house.
#buyingahouse101 #queencreekrealtor #chandlerrealtor #gilbertrealtor #arizonarealtor