Interest Rates to Increase in 2014

The Mortgage Bankers Association and the National Association of Realtors have each projected that the 30-year fixed rate mortgage will have interest rates in excess of 5.3% by this time next year.  Whether you are moving up or down, your housing expense will be more a year from now if a mortgage is necessary to purchase your next home.  So what should you do to prepare to purchase a home?

To prepare, get help from the expert - Realtor Rochelle Fitzgerald and her team of qualified professionals. Since 2004 Realtor Rochelle has been selling homes in the Dallas metroplex and surrounding cities.  (Click HERE to view properties SOLD by Rochelle.)     For starters, get your finances in order.  A Federal Housing Administration loan requires a minimum of 3.5% down payment while other loans can require 5%, 10% or even 20% down.  There are many options available to assist buyers.  By contacting Realtor Rochelle today, you will be referred to a mortgage professional that will review your options and cater a mortgage loan specific to your budget. 

Another tip to prepare yourself to purchase a home is to be realistic as to your expectations and do your homework.  How much home can your budget afford?  Look for a home that will meet your needs.  Is the property clean and in good condition?  It may not have granite and hardwood floors as properties in a higher price range, but will the property provide a good home for you now and in the future.  Research the area in terms of crime, changes in property values and anticipated changes such as construction of new roads or commercial buildings.  If you have children or are planning to have children, be sure to investigate the schools in the area. 

Seek out the advice of a reputable real estate professional.  Buying a home may be the largest purchase you will ever make.  And many hands are involved in your transaction such as real estate agents, bankers, inspectors, appraisers, title companies and more.  Working with a reputable realtor with a team of qualified professionals on standby to assist you, will help you make the right decisions for your money. 

Contact Realtor Rochelle of Keller Williams Realty today!  Let Rochelle know your real estate goals and receive the help you desire to purchase your next home!

Phone: (214) 814-5411 / Email
http://www.Realtor-Rochelle.com / http://www.iHeartRealEstateRadio.com