Which Mortgage Interest Rate is Right for You

It seems like a rather obvious question, doesn’t it?  Most people would say the lowest mortgage interest rate is the one that is right for them, and in many cases they would be correct.

But…..

There are so many things to consider when applying for a home mortgage, and this is very true when you are considering purchasing luxury real estate.

How long are you going to stay in the home you are buying?  Five years?  Ten?  A lifetime?  When it comes to athlete relocation, this is a question you must ask yourself, because it plays a big part in choosing the right mortgage for you.

Do you need a fixed mortgage or an adjustable rate?  A fifteen year fixed or a thirty year?  The interest rate might be higher on one but still be the best for your situation.

So what do you do?  Consult with a tax professional.  Discuss the situation with your real estate professional, and get input from a banker and a relocation expert.  Weigh their advice and only then should you make a decision regarding interest rates.

Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.