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“What’s a mortgage?” “It’s like waterboarding, but you do it to yourself.” So goes the conversation from a recent ice cream commercial. But in reality, securing the right mortgage can be just as rewarding as a scoop of rocky road; it’s an exciting step on the path to living your best life in a home that suits you and your family.

If you’re looking for a home, chances are you’re in the market for a mortgage. You’re not alone; more than 6 in 10 of all U.S. homes carry a mortgage.

Whether you’re buying your first home or moving on to your next, finding and securing the loan that’s right for you can be time-consuming and stressful. After all, a home is the largest investment most people will ever make.

Luckily, realtor.com® helps make it as easy to find a mortgage lender as it does to search for homes on the site. We also offer tools and resources that I dare say can help make your financing journey kind of enjoyable – or at the very least, help give you the confidence you need to find a lender who can work with you to secure the mortgage that’s right for you.

As you begin your search, you might be wondering how much home can you can afford. The terms of your mortgage ultimately will depend on several factors, including your down payment amount, home price, length of the loan, credit score and current interest rates. 

When I bought my first house in the mid-1990s, my 30-year mortgage carried an interest rate of 7.5 percent, and that was a good deal at the time! With interest rates predicted to remain below 5 percent for the rest of the year, though, that 7.5 percent rate seems almost like usury by today’s standards. And when my parents refinanced our family home in the early 80s, interest rates – at around 18 percent – were as high as the hairstyles on some of my favorite glam rock bands at the time.

Even a 1 percent change in mortgage’s interest rate can make tens of thousands of dollars’ difference in total payments over the life of the loan, so it makes sense to educate yourself. Using the various tools on realtor.com® in the “Mortgage” section, you can research current interest rates, calculate your monthly mortgage payments, explore how different features may affect a home’s price, and find a home within your budget.    

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You can even search for homes from many of these features. And while you’re searching, you can contact lenders who do business in the markets and neighborhoods you’re interested in. Realtor.com® helps make it easy for you to find the professional support and guidance you need to get your finances in order. It’s the better way to buy your home.

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So as you embark on your home search journey, spend some time learning about your financing options, and consider contacting a lender who can help you along the way. Perhaps the two of you can enjoy a celebratory sundae once you’re settled in your new home.


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