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Denise Laugesen REALTOR® (650) 465-5742

Cortney Laugesen REALTOR® 650-678-5084

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November 28, 2022


By cortney In Buyers, estate, home sellers, Market Conditions, Market Update, million dollar listing, real estate tips, Uncategorized with Comments Off on WAYS TO GET A BETTER INTEREST RATE!
I should’ve bought a house last year when interest rates were low.
Maybe that’s true, but you can’t go back now! Don’t let the should’ves, could’ves, would’ves stand in the way of achieving your dream of homeownership! We can’t predict what will happen in the real estate market over the next few months, but I can tell you this. Owning your home helps to create your overall wealth!
Here are 3 ways to get a better interest rate and save money on your next mortgage:
1. Look into a temporary rate buydown
A temporary interest rate buydown is not a long-term solution but is a way to temporarily lower your interest rate for the first few years of the loan. This financing tool allows you to reduce the cost of your mortgage payment in exchange for an up-front cash deposit. Talk with your lender to learn more and see if a temporary rate buydown is a good option for you!
2. Improve your credit score
Your credit score plays a huge role in qualifying for a mortgage and can also help you get a better interest rate. Lenders typically view a high credit score as an indicator that you’ll be a strong and safe borrower. Improving your credit can help you to get a lower interest rate, as your lender will feel more confident that you’ll be responsible with new credit. Start by disputing errors if necessary, making payments on time, and paying down your credit balances to boost your credit.
3. Make a larger down payment
The more money you put down on a home, the better your chances are of getting a lower interest rate on your mortgage. Making a sizable down payment will give you a lower loan-to-value ratio (LTV), and lenders will see you as less risky of a borrower since you have more stake in the property.
One of the first steps in the home-buying process is to work with a mortgage lender to get your finances in order. If you need a lender in SEATTLE, send me a message, and I’d be happy to connect you with a couple of my preferred lenders!


IF YOU ARE THINKING ABOUT SELLING your Bay Area property, it is important you hire a real estate team of professionals with an extensive portfolio of home sales, a significant list of happy clients and a history of excellence.

The Laugesen Team has the experience, connections and creativity to list and sell your distinctive property successfully.

• Pricing for Success
• Prepare for Top Sale
• Impressive Marketing
• State of the Art Technology
• Network with other High-End Agents

• Always available to show qualified buyers and agents.
• Schedule Open Houses and Broker’s Tour
• Follow-Up Quickly and Consistently
• Immediately respond to all leads.
• Encourage serious buyers to make serious offers.
• Facilitate the closing process to ensure a successful, competitively priced, stress-free sale.

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