This holiday season, all you would-be home buyers should give yourselves the best gift possible: the lowest mortgage rate you can get! It may not come in a little blue box, but it will truly be the gift that keeps on giving.
The reason: Your mortgage rate determines how much you have to pay for your home each month, which in turn determines how much you can qualify to borrow. The loan amount plus your down payment determine the price of the home you can afford.
It’s really a numbers game, and you know what else is a numbers game?