Now is actually a great time to get your foot in the market if you’re a first time buyer!
👉Here’s why, check out this Buyer Scenario that Sat explains in this video to learn more!
As you may know, with the rising interest rates, it’s likely your monthly payments increase in the current market vs. what a potential buyer would be paying in February.
However, an important point to take note of is your Down Payment Obligation. With the lower prices of homes in the current market, the down payment a buyer would need to put down is actually much LOWER than required in Feb 2022.
As shown in the example above, the $64,000 saving in your down payment obligation could offset your monthly payment difference!
You can use this market to your advantage! Get in touch with us today if you have questions and would like to get started!