Eyeing that perfect house but feeling a bit flustered by the talk of high mortgage rates? Don't let those numbers scare you off just yet! Here are some nifty tricks to navigate these high rates. Think of them as your secret weapons to bag that dream home, even when rates are playing hardball.
Let's dive into seven smart moves that could make those seemingly daunting rates work in your favor!
Seller Sweeteners: Ever heard of seller concessions? Picture this: sellers covering a chunk of your closing costs, throwing in a shiny home warranty, or even leaving behind some dreamy appliances. When rates climb, sellers are often more game to negotiate these goodies.
Closing Cost Cushion: Feeling the pinch of those upfront costs? Some programs offer a helping hand with closing costs. It's like a financial cushion, making those initial expenses more manageable.
Rate Buydown Magic: Negotiate a rate buydown with the seller or play the discount points card. These moves could temporarily shrink that daunting interest rate.
Flexible Flexibilities: Being open to adjusting your closing timeline or showing wiggle room on home repairs might just make sellers take your offer.
Fix-It Credits: Home repairs cropping up during inspections? Negotiate for credits to cover those fixes. It's like getting a helping hand to tackle unexpected expenses.
Down Payment Delight: Look into local or federal down payment assistance programs. These can be a lifesaver, especially when rates are high.
Lock in That Rate: Psst, here's a pro tip! Ask for a rate lock. It's like putting a fence around your rate, guarding you from future increases while your loan's in the works.
Remember, each concession comes with its own magic and might affect your overall deal. That's why it's crucial to partner up with a savvy mortgage professional like us and a real estate professional. We'll help you weave these concessions into a master plan tailored just for you.
We've been helping customers afford the home of their dreams for many years and we love what we do.
Company NMLS: 1614643
For licensing Informmation go to:
www.nmlsconsumeraccess.org
State of Illinois, Division of Banking
Illinois Department of Financial and Professional Regulation (IDFPR)
555 West Monroe Street, 5th Floor
Chicago, IL 60661
Telephone Number: 1-888-473-4858
6515 Stanley Ave. Suite 2
BERWYN, Illinois 60402
Phone: (773) 720-4971
mauricio_echavarri@outlook.com
The Department of Financial and Professional Regulation (Department) evaluates our performance in meeting the financial services needs of this communnity, including the needs of low-income to moderate-income households. The Department takes this evaluation into account when deciding on certain applications submitted by us for approval by the Department. Your involvement is encourage. You may obtain a copy of our evaluation once the Department completes our first evaluation. You may also submit a signed, written comments about our performance in meeting community financial services needs to the Department. We will update this notice when our first evaluation has been issue.
Powered By LenderHomePage.com
Midwest Mortgage Professionals Inc strives to ensure that its services are accessible to people with disabilities. Midwest Mortgage Professionals Inc has invested a significant amount of resources to help ensure that its website is made easier to use and more accessible for people with disabilities, with the strong belief that every person has the right to live with dignity, equality, comfort and independence.
Midwest Mortgage Professionals Inc makes available the UserWay Website Accessibility Widget that is powered by a dedicated accessibility server. The software allows mwmtgpro.com to improve its compliance with the Web Content Accessibility Guidelines (WCAG 2.1).
Midwest Mortgage Professionals Inc accessibility menu can be enabled by clicking the accessibility menu icon that appears on the corner on the page. After triggering the accessibility menu, please wait a moment for the accessibility menu to load in its entirety.
Midwest Mortgage Professionals Inc continues its efforts to constantly improve the accessibility of its site and services in the belief that it is our collective moral obligation to allow seamless, accessible and unhindered use also for those of us with disabilities.
Despite our efforts to make all pages and content on Midwest Mortgage Professionals Inc website fully accessible, some content may not have yet been fully adapted to the strictest accessibility standards. This may be a result of not having found or identified the most appropriate technological solution.
If you are experiencing difficulty with any content on Midwest Mortgage Professionals Inc website or require assistance with any part of our site, please contact us during normal business hours as detailed below and we will be happy to assist.
If you wish to report an accessibility issue, have any questions or need assistance, please contact us by sending an email to: mauricio_echavarri@outlook.com