12 Questions To Ask Yourself Before Taking On A Loan

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What do financial analysts say?

If you aren’t sure the rate being offered is great, but you’re struggling to find a significantly better one, talk to a financial advisor. Talk to several financial advisors and analysts. See what they think about the direction rates are headed in. Ironically, when we got our mortgage, we were deciding which day to lock in the rate. Our broker at the time said, “I mean, this rate is about as good as it gets. It would be highly unlikely that rates dropped much more. Unless there was like a pandemic that causes an economic crash or something.” And she really said this. That was November of 2019. Nobody could have seen CO4

VID-19 coming, but some analysts may be able to tell you, for more predictable reasons, that rates might soon increase or decrease. It’s worth consulting them if you’re on the fence about current rates.