💰 Understanding How Financing Affects Your Home Purchase
Many buyers focus on the listing price but forget financing can dramatically affect affordability:
- Interest Rates: Even small differences can impact monthly payments.
- Loan Terms: Shorter vs. longer loans, fixed vs. variable rates.
- Pre-Approval: Knowing your budget in advance speeds up the buying process.
Tip: Work with professionals to understand your options before making an offer.
💡 Question: What’s the most confusing part of mortgage financing for you?