With Mortgage Rates Moving Higher, And With No End In Sight, What Is A Homebuyer Supposed To Do?
We posed this question to Ralph DiBugnara, a Senior VP and Retail Division Leader with Cardinal Financial (https://www.cardinalfinancial.com/loan-originator/ralph-dibugnara/). In addition to that role, Ralph is the Founder of Home Qualified, a digital real estate resource for buyers, sellers, and real estate agents.
Ralph is a mortgage banker with an eye on the millennial demographic, and a reputation as a media liaison who is redefining the role of the banker in today’s buyer-centric real estate market.
One key point that Ralph mentioned during our discussion is that's very important for homebuyers, shellshocked by the quick and severe upward move in mortgage rates, to remember the old adage that you Marry The House, and Date The Rate!
Simply, this phrase means that mortgage rates are fluid and will go down at some point in the future when a homeowner can refinance. The house of your dreams, however, may only come along once in a lifetime.
We touched on many other topics during this episode, including tools and strategies for current owners, residential builders, and prospective buyers.
If you would like to reach Ralph...
Call him here: 201.500.9612
Email him here: ralph.dibugnara@cardinalfinancial.com
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