BY EquityPoint Real Estate
PORTLAND, OR – If you’re planning on buying Portland Oregon Real Estate, before you start searching for homes for sale across town make sure you follow these tips to insure that you have a productive home search.
Tip 1 – Get Pre-Approved For a Mortgage Loan Now
In recent press conferences Janet Yellen, Chairwoman for the Federal Reserve, indicated the intention to raise interest rates. This will affect the low mortgage rates that currently exist. Purchasing now means that you could save hundreds of dollars a month on your mortgage payment if you get a mortgage loan now, compared to waiting until rates have increased.
Tip 2 – Choose a Fixed Rate vs. Adjustable Rate Mortgage Loan
Although it may be tempting to choose an adjustable rate mortgage vs. a fixed rate mortgage loan it’s important to keep in mind that with an ARM mortgage your payments will go up at the reset period compared to your payments staying as they are with a fixed rate mortgage loan.
Tip 3 – Start Looking At Homes NOW
Even if you aren’t quite ready to purchase, make sure you start looking at Portland Oregon Real Estate NOW vs. later. This tip is important because, knowing exactly what you’re searching for in a home, before you hire a Real Estate Agent will save you and your agent time and enable your agent to find the right home which matches exactly what you’re searching for in a home.
Search for Portland Oregon Real Estate
For more information about what you should be doing to prepare for buying Portland Oregon Real Estate, or to search for homes for sale, contact EquityPoint Real Estate today by clicking here or calling us at (503) 595-8800.