These tips will help you navigate the rising interest rate environment and make your dream of homeownership a reality.

1-Fluctuation: Mortgage rates can change multiple times a day, so act quickly when you find a rate you're comfortable with. 

2-Impact: Higher interest rates affect your monthly payment and purchasing power, so be realistic about your budget and expectations. 

3-The Market: Think long-term and be aware that rates may not drop anytime soon, so avoid waiting too long to buy a home. 

4-Volatility: To lock in a rate, close before the lock date expires. 

5-Budget: Ask yourself what monthly payment you're comfortable with and review your expectations with a loan officer. calculator

6-Realistic expectations: Get pre-approved for a mortgage to get a better idea of your real payment and purchasing power. 

7-Second opinion: Get rate quotes from different lenders in writing to find the best possible rate. 

8-Stay up-to-date: Stay up-to-date on current mortgage rate trajectory and trends. 

Remember, you're not alone, so feel free to ask questions. 

Now you're in the know with Mortgage Mo!

Stay blessed 

Legacy Financial

Mohamed T Gulamali

Vice President of Sales I MLO NMLS #1128605

M: 646-571-5352

O:  516-764-8800

F:   646-860-0311

W: www.mtgmo.info

E: Mohamed@LoansByLegacy.com

A: 2873 Long Beach Road Oceanside NY 11572

Registered Mortgage Broker NYS Banking Dept. NMLS #64777

Loans Arranged Through Third Party Providers, Not A Mortgage  Lender Or Correspondent Lender

Contact info & Links: https://linktr.ee/mortgagemo

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