Around here, not only is a house hard to come by... but the money to pay for one, even worse! With sky-high housing costs (thanks to the lovely valley!) a young adult is hard-pressed to conjure up a sufficient loan, let alone maintain one. I know, after speaking with mortgage brokers, options are slim.
What works best around here? What would I prefer: lower interest rates? or lower closing costs? In the long run, whats important is getting in the door... so my brain tells me that a lower interest rate would be preferrable; allowing for a slightly lower monthly payment. This figures in that closing costs aren't unreasonable. But, from my standpoint, at this time specifically, bring on the lowest interest you can conjure!
Looking at mortgage brokers online you can easily plug in your information, needs, and desired $tuff$... and a fancy calculator will give you a better idea of what you are in for. Follow broker blogs and get an inside scoop into ideas, competition, and the ways of the market. Plus, you can read lots of helpful information on the subject/s, for your own optimized experience/benefit.
