Real estate financing & interest rates (Season 2 special episode)

Since rising interest rates are taking over the news lately, we decided to get the real deal about how this affects home buyers. To get the scoop, we chatted with Nick Lewis, loan officer with Atlantic Coast Mortgage in Fredericksburg. This episode is jam packed with information that every buyer needs to know before they set out to buy a home. In less than an hour, you’ll learn about

• Interest rates and how they affect pre-qualifications and mortgage payments

• The difference between 15, 20 and 30-year mortgages

• The best way to work with your lender to be successful

• Credit pulls and why they are needed

• Mistakes buyers can make that affect closing

Plus, Nick spends a little time debunking some myths for first-time homebuyers. (Like homeownership is only for the rich.)

We hope you enjoy this episode!