Highlands NC Real Estate, Low Mortgage Rates Hold Great Appeal
Low mortgage rates hold great appeal for buyers and owners of Highlands NC real estate. It is currently a great time to get a mortgage as well as a great time to refinance. Rates are low. For example, today’s rate for a 30 year, fixed-rate mortgage is 3.75%. A low rate can save a homeowner a great deal of money over the lifetime of a loan, paying off for anyone considering buying a Highlands NC home for sale.
Refinancing a mortgage is a tough question. The answer depends on your current loan balance and your current interest rate. Refinancing can add time but it can also lower monthly payments. Additionally, you may choose to shorten your timing, perhaps fro a 30 year to a 15 year loan. There are also lenders that allow you to choose the length of time for your loan. For example, you may have 21 years left on your loan and want to keep it that way.
Whether you want to refinance or purchase a Highlands NC home, it is certainly a great time to speak with a lender. Take the time to do a little research. Looking at today’s rates may make buying a home a more affordable option. Today is a great time to examine mortgage options. Your Highlands NC REALTOR will be able to recommend reputable local lenders.
Contact our team at Berkshire Hathaway HomeServices Meadows Mountain Realty today to learn more about Highlands NC homes. We welcome the opportunity to update you on market conditions while recommending reputable local lenders at the same time. Let our knowledge and experience serve as your guide to Highlands NC real estate.
Click here to read “Mortgage Rates Are Dropping Again” from REALTOR Magazine.