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Will home prices drop in Texas in 2023? How much a home costs is more than the price tag. Your mortgage rate has a big effect on how much you will pay for your home. This infographic provides 2 important pieces of information. Not only does it tell you what interest rates have looked like historically, it also shows how that interest rate effects the affordability of a $400,000 home. Different buyers will pay a different amount for the same home because many factors effect an individual’s interest rate such as: how much debt you have, your credit score, the amount of your down payment, and the loan term you choose. A mortgage expert can help you determine what priced home you can afford.
Erica Stauver, REALTOR
Luxury Sales Agent, CRS
Denton County Real Estate Expert
Texas Public Notary
Reach out for excellent real estate services!
940-206-7651
EricaStauverRealtor@gmail.com
