Are you considering buying a home? If so, now might be a good time to act. Whether you're purchasing your first home or looking to buy your next one, it may be wise to act now instead of delaying. Here are a few things to consider.

Don't Wait for Rates to Drop
Current interest rates appear to be the new normal. The cost of waiting for rates to come down can be thousands per year, with property values continuing to rise. A house you’re interested in now could be significantly more expensive in just one year from now.

Remember, "marry the house, not the rate." When interest rates drop, you’ll have the opportunity to refinance.

Take Advantage of Less Competition
Enjoy the benefits of having fewer buyers in the market right now. If rates drop in the future, you can expect increased competition in trying to secure your dream home. If there are ten offers on a property, you'll need to present the strongest one to have your offer accepted. Many sellers are currently open to negotiations, but that will change as the market heats up.

Buying vs. Renting
Buying a home comes with advantages. When you rent, the money leaves and isn’t returned. But when you buy a home, you can start building equity to set yourself up for long-term financial success.

Also, you may not need as much as you think for a downpayment. There are programs available, and meeting with a mortgage lender will help you determine how much you need for a downpayment. They can also help calculate your monthly payment. 

Reach out to a Town & Country Mortgage Lender
If you want to learn more, contact one of our expert mortgage lenders. They can help determine if now is the right time for you to buy and help you get pre-qualified.

Your next home awaits!