Category - Blog

With Interest Rates Lower Than Ever, It’s a Good Time to Be A Buyer

Categories: Blog | Posted: October 22, 2019

If you’re in the market for a new home, even just casually looking, you’re in luck. Right now, interest rates are incredibly low, which means you might be able to afford more home than you think. In fact, rates just a few years ago were double what they are today – which is 3.75% for a 30-year fixed rate as of October 24th. 

In other words, if you’re looking to purchase property in the next few months, it’s good to be you. 

How Interest Rates Affect the Buying Process 

You may not realize how much purchasing power you have right now with such low mortgage interest rates. These rates affect your monthly payment, so you could conceivably increase your home price range without paying more if rates were higher. 

Let’s look at an example: 

A buyer who secures a 3.75% mortgage rate (today’s current interest rate) could have the same monthly payment on a $450,000 home as someone who locked in a rate of 4.75% would spend on a $400,000 home. The lower the interest rate you can secure, the more home you can afford. 

Today’s buyers can afford more home for the same monthly payments. You can extend these numbers to larger, more expensive homes depending on your budget. 

What You Can Do to Take Advantage of Low Rates 

Use today’s low-interest rates to your advantage for opting for a fixed-rate mortgage, rather than a lower interest adjustable-rate mortgage. Though an adjustable-rate mortgage may save you money right now in the form of lower monthly payments, it might come back to haunt you in the future. If interest rates increase over the next few years, your rate on that mortgage will increase right along with it. 

That uncertainty makes long-term financial planning difficult. By going for a fixed-rate mortgage, you can lock in today’s lower interest rates for the entirety of your loan. 

Don’t Miss Out on Historically-Low Interest Rates! 

If you’re considering buying a new home, now’s the time to do it. You can go beyond your expected price range without paying higher monthly payments if you can lock in a number like today’s rate. The market might be cooling down as we head into November, but don’t let that stop you. Lower interest rates help home buyers like you get more bang for their buck. 

Meeting Your New Neighbors During Halloween Doesn’t Have to Be Spooky!

Categories: Blog | Posted: October 5, 2019

Moving into a new neighborhood comes with a lot of change. The prospect of meeting all your new neighbors and getting to know the people who live nearby can be daunting. But if you’re moving in the fall, making new friends in the area is a lot easier. Why? Because Halloween, celebrated by walking around the neighborhood and greeting everyone – from friend to stranger – is the perfect time to meet your new neighbors.

Here are a few ways to quickly meet your new neighbors this Halloween:

Stock Up on Candy for Trick-or-Treaters

Moving can be hectic, but even if your move-in date is October 31st, don’t skip handing out candy. Stock up on candy for kids, and be sure to chat up parents that tag along. They’re probably curious about their new neighbor, and nothing says “great first impression” like handing out some top-tier candy.

Dress Up Your House with Spooky (But Wholesome) Decorations

Besides candy, the best part of Halloween is all the fun decorations! Jack-o-lanterns, dancing skeletons, flying ghosts… take some time to dress up your home in some fun and spooky decorations! The goal is to be festive and inviting rather than genuinely creepy or gory. You want an opportunity to greet kids and their parents, so keep the decorations wholesome and not terrifying.

Make Halloween Gift Bags for Neighbors Close By

If you have the time, consider putting together a cute and fun Halloween gift bag for your next-door neighbors. Put aside any shyness and ring your neighbor’s doorbell with the treat – it’s an excellent excuse for walking around the neighborhood to meet the people who live nearby.

Join in Neighborhood Halloween Celebrations

Many neighborhoods hold block parties or group celebrations, especially those with small children who won’t be out past 7 p.m. Keep an eye on your neighborhood’s Next Door feed, billboards around the community, or your HOA board for any events. Attending these gatherings near your new home is a stress-free way to get out and meet your new neighbors.

Celebrating Halloween is a great way to get to know your neighborhood and community. If you have young trick-or-treaters in your house, be sure to greet neighbors along with your kid. And be sure to attend any neighborhood gatherings! If it’s a costume party, be sure to dress up. You’ll get comfortable with your new community in no time.

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