Historically low interest rates will save you a lot of money, BUT did you know that low rates can also increase your buying power!? Many of our clients that were once capped at a maximum purchase price are now able to break through the ceiling thanks to the lower interest payments.
Earlier this year when interest rates were at 4.5%, our client was approved for a maximum purchase price of $750,000. With today's rate of 3.75% we can increase his purchase power by $55,000 and keep his payment the same!
We are experts at helping our client's achieve their purchase price goals. Give us a call if you would like to update your approval or see if there are options to help increase your buying power. We can also discuss ways to help your financed offer get accepted in today's competitive market.