There are many things that you can do when it comes to waiting for the housing market to cool down. One of the best things that you can do is improve your credit score. A great credit score will allow you to buy a house at a much more affordable rate. You also should try to save up money as that will allow you to place a larger down payment. Finally, look into an extended mortgage rate as that will make monthly payments more affordable.
- Ty to improve your credit score as it plays a major role in buying a home and getting good interest rates.
- Try to save as much money as you can so you can put a big down payment down to lower your payments.
- Look into locking up an extended mortgage rate to keep your monthly prices more affordable.
“With skyrocketing prices, rising mortgage rates and an extreme housing shortage (active listings were down 19% annually last month), many homebuyers are getting sidelined.”