Are high interest rates holding you back from buying your dream home? Paula Christine shares why now might still be the right time. Don't miss this insightful episode!
In this episode, Paula unravels the complexities of securing a home. She shares that purchasing a home is not just a financial transaction but a strategic and emotional endeavor. She emphasizes the importance of building a trustworthy team comprising a mortgage broker and realtor. Paula advocates buying a home when it feels right, regardless of the current rates, with the intention of refinancing when the economic climate becomes more favorable. She also stresses the need to reevaluate one's budget with each potential home purchase, ensuring comfort with the anticipated monthly payments, including not just the mortgage but also the ongoing costs of maintenance and renovations.
Episode highlights:
(0:00) Intro
(1:13) Connect your mortgage broker with your realtor
(2:32) The offer and the taxes
(5:44) Additional costs and a renovation loan
(7:41) Go back to your budget
(8:25) Interest rates
(9:50) Outro