Oh NO... Mortgage Rates are Higher!
Oh NO... Mortgage Rates have inched up... well in some cases... they have jumped up!
Ok... What now? Do we dive under our desks? Stop buying Homes? Buy a YURT?
Here's a novel approach... Let's adjust and move forward. It's the only real choice, besides quitting or becoming a perpetual complainer!
If you operate in the real estate world or you are looking buy a home in 2022, you might be served wisely to stay in the hunt and look for ways to find solutions to your/others challenges! There will always be professionals that get paid to help solve that which is causing you STRESS!
Homebuyers... find a "Purchase First Lender". This is a lender that focuses on providing mortgage solutions for the purchase of a home! Not all lenders and mortgage professionals know how to efficiently complete the "purchase loan transaction". Many Many Many mortgage peeps have made a ton of $$$ doing primarily "refinance loans" over the previous two years!
When you are making the biggest purchase in your life... you need to be in the hands of a lender that knows how to provide you with a right purchase mortgage loan for you! On Time... Efficient... Competitively Priced.
Hint... ask your loan officer to inform you as to total number of purchase loans that they completed in 2021? Caveat Emptor "Buyer Beware" if that number is not solidly in the double digits!
If you are a Mortgage or Real Estate Professional? Get ready for competition! The market is full of your competitors that need to eat just like you! My suggestion... Arrive early and stay late! Professionals will not only "Profess" their capabilities... but will "Deliver Solutions" to those they SERVE!