Interest Rate Makes Huge Difference. Do you really want to wait?
We have all been spoiled over the last few years, enjoying free money and paying peanuts in interest rates. But all good things come to an end. When interest rates start to come up, they just do. Then, you start hearing from your lender about lock-up periods and lock-up fees... and sooner than you know, your $350,000 first time dream home has to be slashed into a $200,000 fixer upper with the same monthly payment. What happened? You waited, waited and waited for the market to go down like in 2009. Time is still on your side my friend. I will be burning the midnight oil throughout the holidays to get you to your first home before these unknown factors unfold.