Interest Rates & Home Buying in 2023

Are you thinking about buying a home in Arizona in 2023? If so, you might be wondering what to do about the rising mortgage interest rates. Here are five quick tips to help you get started:

1. Talk to a Mortgage Broker: A mortgage broker can help you find the best mortgage rate for your needs. They know the market and can give you personalized advice.

 2. Shop Around: Don't just take the first offer that comes your way! Compare different offers and find one that fits your budget and meets your needs. You may be surprised at how much money you can save by doing this.

3. Get Pre-Approved for a Mortgage: Many lenders will pre-approve borrowers before they even submit an offer on a home, which means you're more likely to get your offer accepted in a timely manner. Just make sure all of your documentation is current and complete before taking this step!

4. Make Sure You Can Afford the Loan: Before making any decisions about a mortgage, make sure that you can actually afford it – don’t borrow more than you can comfortably pay

5. Negotiate seller concessions when buying a home. You can use these funds to buy down your interest rate with no money out of pocket.

If you need any recommendation for reliable lenders please reach out! We always have trusted resources we can send your way.