There are so many reasons
why now is the time to buy a new home
Information updated November 23rd, 2022
We work with various lenders that have attractive loan options!
Every homebuyer is different. Don't settle for the same old loan options that may not fit your needs. Let us help guide you to the best option to get you the best rates, with the best service, and the most for your money!
Homebuyers are taking advantage of updated lending options. Ask about 100% Financing with $0 down payment and no Private Mortgage Insurance (PMI) required, ARM options with lower fixed rates for up to 10 years, interest rate buy-down options, and lending credits to use towards your closing costs!
Rates are estimated and will vary based on borrower credit. The estimated monthly payments shown include principal and interest only. Not included in these calculations are mortgage insurance (PMI), homeowner insurance, and taxes. Homes by Taber does not provide loans to buyers, but rather helps direct customers to the best option based on their borrowing needs. Rates, terms, and fees are based on https://www.wellsfargo.com/mortgage/rates/ and subject to change without notice. Homes by Taber does not guarantee these rates.
Estimated amounts based on 80/20 loan to value. APR/additional fees not calculated.
Because of inflation, the Fed is incrementally increasing rates. They will continue to do so until they are happy with how inflation reacts to the increases. There is currently no indication they will lower rates in any way. Waiting to buy is waiting for rates to increase.
If rates are your concern, several lenders have programs to help secure a lower interest rate for a lower monthly payment. Homes by Taber is happy to help point you in the right direction for your best option.
In general, it's suggested that you lock in your rate if you’re less than 30-60 days from closing. If you’ve already locked in a mortgage rate, talk to your lender about “float-down” options. There’s a chance you could still use this strategy to lower your rate before closing. Your lender can advise you about the best time to lock in your rate.
No, rates will never get to 0% for a variety of reasons. Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drops, and rates increase. When the economy pulls back, interest rates tend to fall. The average mortgage rate shifts daily but has been low compared to historical rates.
The pre-approval process may take one to three days if you have all documentation ready to provide to the lender. Getting the required documentation to the lender quickly will allow your pre-approval process to go smoother and more quickly. After you are pre-approved, you will receive a pre-approval letter as evidence that you have a lender that has already verified your assets. The letter is typically valid for sixty to ninety days.