Reported 9 days ago
In a discussion led by Wealth host Brad Smith, Redfin's chief economist Daryl Fairweather explores essential insights for prospective homebuyers regarding mortgage options. Key points include the choice between fixed-rate and adjustable-rate mortgages, understanding the differences between 15-year and 30-year terms, and the importance of shopping around for lenders. Fairweather advises on the impact of down payments and highlights the nuances between purchasing new construction versus existing homes when negotiating loan rates.
Source: YAHOO