Mortgage rates are continuing to improve, with rates dropping about 0.125% this week and now falling below 6.5% in many markets. In this week's RateWatch, I explain what these lower rates could mean for homebuyers and homeowners.
I also discuss one of the biggest challenges in today's housing market: buying a new home before selling your current one. Through a real client example, he explains how pre-approval, flexible financing options, and bridge loans can help buyers avoid losing their dream home when a sale is delayed.
In this video, you'll learn:
Current mortgage rate trends
How buying before selling can work
When a bridge loan may be a good option
Why getting pre-approved early is essential
Tips for buyers, sellers, and homeowners considering refinancing
If you're planning to buy, sell, or refinance, this video will help you understand your financing options and prepare for a smoother home-buying experience.
Dave Steinberg NMLS: #67325 Mortgage Broker Summit Funding
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Connect with me:
Office: 718.575.1166
Email: dave@summitfunding.com
https://summitfunding.com
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Summit Funding | Registered Mortgage Broker (NMLS #52081) New York State Department of Financial Services
7030 137 Street, Kew Gardens Hills, NY 11367
Summit Funding | Licensed Correspondent Mortgage Lender (NMLS #301151) New Jersey Department of Banking and Insurance
Summit Funding Inc., Your Mortgage Professionals Licensed Mortgage Broker (NMLS #84943) | State of Connecticut Department of Banking
Summit Funding, Your Mortgage Professionals, Inc. Licensed Mortgage Broker (NMLS #84943) | Florida Office of Financial Regulation
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