WHEN THE HOUSE IS PERFECT BUT THE RATE ISN’T, YOU’VE GOT OPTIONS.

While interest rates are still at historic lows, recent rises have caused many to reconsider whether now is a good time to buy a home. However, searching for the most desirable rate should not deter your dream of homeownership. In this market, the perfect home can be hard to come by. If you find ‘the one”, think of a less desirable interest rate as a short-term problem.

At Silverton, we offer a variety of mortgage products tailored to meet the unique needs of our customers. Here are just a few options that may help ease your fear of higher rates:

ADJUSTABLE-RATE MORTGAGE (ARM)

These types of mortgages are becoming more popular with buyers because it’s a great way to keep mortgage payments as low as possible during the early years of the loan. Perhaps you feel more confident about your future earning potential or are preparing to move before the rate goes up. If so, this may be the perfect option for you.

REFINANCING

If you can handle today’s higher rates and you plan on staying in your home for five years or more, there is always the option to refinance your mortgage later when rates are lower.

ASSUMABLE MORTGAGES

When a house has an assumable mortgage, it means you can acquire it by taking over the existing mortgage instead of applying for a brand-new mortgage. When this happens, not only are you taking on the remaining balance that is left on the mortgage, but the rate, repayment period, and other loan terms stay the same as well.

Let us help you through the entire loan process, from application to closing, managing all aspects in-house. This way, loans close faster, and you know what is going on every step of the way.

Are you ready to discover what a stress-free mortgage experience looks like? Want to Learn More? Visit silvertonmortgage.com.