Mortgage rates are up!! Since they fluctuate day by day, your monthly payment could fluctuate $100 or more. If you are shopping on the edge, you may not qualify for the home one day and do qualify the next. Ask your lender if they have a float down plan. This allows you to capitalize on the daily fluctuations.
When getting a pre approval, ask your lender what the payment is for the pre approval. Taxes, insurance, HOA fee’s, CDD’s, etc. all affect the payment if you are escrowing them. . Knowing what your payment limit is better than a total loan amount.
I can really tweak your home shopping experience by researching this background data and keep you in the “yes you can” group, even if the home exceeds your pre approved dollar amount.
Buying, selling or renting anywhere in Tampa Bay?
Let my experience, make yours awesome!!!
Curtis Rudolph Realtor®
Charles Rutenberg Realty