Should First-Time Homebuyers Wait for Lower Interest Rates?
Are you a first-time homebuyer wondering if now is the right time to buy? In this video, I dive into one of the biggest questions on everyone’s mind: When is a good time to buy a home, especially with current interest rates?
I’m Bernie Gallerani, and I understand that the idea of purchasing your first home can be overwhelming. Interest rates might be higher than they’ve been in recent years, but there is still value in owning a home. More importantly, home values continue to increase, and renting is essentially throwing money away each month without building any equity.
I break down what you need to consider, including how much money you might need for a down payment. Whether it’s a small down payment of 3-3.5% or a larger one of 10-20%, it all depends on the loan program that suits your financial situation best.
Many potential buyers are surprised to learn they can actually qualify for a mortgage. If you’re unsure about your credit score or whether you can get pre-approved, reach out! I can connect you with our trusted mortgage lender, who will guide you through the process. Don’t wait—take the first step toward homeownership today.
Let’s turn your dream of owning a home into reality!