4 Reasons Why “Date the Rate” Is Failing and What Homebuyers Can Do Instead To Ensure A Sound Long-Term Mortgage Plan

The “marry the house, date the rate” mindset is leading too many buyers into financial instability. 1. Budgeting on Teaser Rates Is Risky Short-term savings can hide long-term pain. Buyers enticed by 2/1 buydowns often set budgets based on the reduced initial payment. This ignores the inevitable payment shock two years later. For example, someone […]

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