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Mortgage interest rates are low now and whether you are a buyer or a seller, this is good news!
If you are a buyer:
You will spend thousands less over the life of your home mortgage on a home purchased now versus a time of higher interest rates. If you are shopping for a home and have a down payment ready to go, this is an ideal time to act. Look at one of the online amortization calculators to see how much interest you will save over the life of your mortgage, then talk to a mortgage banker and a real estate agent to take advantage of these historically low interest rates.
If you are a seller:
Your home is more affordable now. You can ask a fair price for your home and buyers will save on the interest rates, making your home a better deal for them. If you…
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