Today's current mortgage rates: https://homebuyer.com/mortgage-rates

In this video, we cover 10 effective strategies for buying a home when mortgage rates are high. These aren't rehashed ideas, these are distinct mortgage strategies provided by Homebuyer.com, a mortgage company, to help you secure a lower mortgage rate.

1. Close on your home faster.
2. Pay for mortgage discount points.
3. Negotiate for seller concessions.
4. Do a temporary mortgage rate buydown.
5. Use an adjustable-rate mortgage.
6. Raise your credit score by twenty points.
7. Use HomeReady or HomePossible, if available.
8. Use a first-time home buyer mortgage program.
9. Increase your down payment to the next 5 percent.
10. Get multiple mortgage rate quotes.

Before we delve into the strategies, we'll talk about mortgage pre-approvals which set the framework for your purchase. We provide guidance on getting your mortgage pre-approved, and point you to where you can do that online.

Finally, we talk about some first-time buyer programs, including the $15,000 first-time home buyer tax credit and the $25,000 Downpayment Toward Equity Act. We also point you to resources where you can learn more about these programs and others.

Your dream home doesn't have to stay a dream, even when mortgage rates are high. Watch the video to find out how you can make it a reality.

TIMESTAMPS
0:00 Introduction to Lower Mortgage Rates
1:01 Get Pre-Approved For Your Mortgage
2:23 Tip 1: Close Faster / Rate Lock Length
3:17 Tip 2: Pay Discount Points
4:12 Tip 3: Seller Concessions
5:18 Tip 4: Temporary Mortgage Rate Buydowns
7:11 Tip 5: Adjustable-Rate Mortgages (ARMs)
8:11 Tip 6: Raise Your FICO 20 Points
9:16 Tip 7: Use HomeReady or Home Possible
10:07 Tip 8: Use a First-Time Home Buyer Program
11:22 Tip 9: Raise Your Down Payment To The Next 5 Percent
12:55 Tip 10: Get Multiple Rate Quotes
14:14 Non-Optimal Strategy 1: Shorter Loan Term
15:05 Non-Optimal Strategy 2: Floating Mortgage Rates
15:57 Last Request & Sign-Off

ABOUT OUR CHANNEL
Homebuyer.com is the mortgage company for first-time home buyers, and this is our YouTube. This channel provides straightforward advice for first-time home buyers about mortgages, real estate, first-time home buyer programs, and more. We cover important topics, including how to get approved for a low-down payment mortgage, how to get a better mortgage rate, and the grants and programs for first-time buyers today.

WHERE TO FIND US
Website: https://homebuyer.com
LinkedIn:   / homebuyer  
Office HQ: 230 Findlay Street, Second Floor, Cincinnati, OH 45214

LICENSING AND DISCLOSURES
Homebuyer.com is powered by Novus Home Mortgage, a division of Ixonia Bank, NMLS 423065. www.nmlsconsumeraccess.org The content in this advertisement is for informational purposes only. Homebuyer.com is located at 230 Findlay Street, Cincinnati, Ohio 45214. Call Homebuyer.com at 513-824-8171. Novus Home Mortgage, a division of Ixonia Bank, is located at 20225 Water Tower Blvd, Suite 400, Brookfield, WI 53045. Reach Novus Home Mortgage by phone at 844-337-2548. We have no affiliation with the US Department of Housing and Urban Development, the US Department of Veterans Affairs, the US Department of Agriculture, or any other government agency. US Government agencies have not reviewed this information, and this site is not connected with any government agency. Equal Housing Lender. Mortgage applicants are subject to credit and underwriting approval. Not all applicants will be approved for financing. The receipt of an application does not represent approval for financing or an interest rate guarantee. Restrictions may apply, contact Homebuyer.com for current rates and more information. All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Homebuyer.com does not guarantee the quality, accuracy, completeness, or timeliness of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error-free. Third parties may have provided some information in the publication, which Homebuyer.com has not necessarily verified. Homebuyer, its affiliates, and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action.

LEARN MORE ABOUT HOMEBUYER.COM
About Us: https://homebuyer.com
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Today's Mortgage Rates: https://homebuyer.com/mortgage-rates

Happy Homebuying