How to Navigate Increasing Interest Rates

Kyle Ernst, President, Stonehaven Mortgage

August 16, 2022

Luckily for homebuyers, there are numerous factors that play into the mortgage rate they will get. Some of these factors include how long the mortgage is for, the type of loan, the buyer’s credit score, location, home price, how much they have saved for the down payment, and more.

Ultimately, waiting to buy a home in this market could come with a higher interest rate, but fortunately, Stonehaven clients receive NO COST* refinances for life. Returning Stonehaven clients pay no lender fees on future refinances. As the housing market is shifting, it is imperative that homebuyers understand the value of refinancing so they aren’t deterred from buying their dream home now. Since interest rates are ever changing, the rate on this loan does not have to be the rate they stick with throughout the duration of the loan. We are here to help.

Refinancing can be a great way for homeowners to afford renovations, lower their interest rate, and potentially pay off their loan earlier. At Stonehaven, we understand how critical a refinance can be for some clients and that’s why we offer this program. We believe in a better mortgage experience for our clients.

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*Copyright© 2023 Stonehaven Mortgage Corporation. NMLS #901574. All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without prior notice. All products are subject to credit and property approval. Not all products are available in all states or for all dollar amounts. Other restrictions and limitations may apply. Equal Housing Opportunity.