Chic vs. Geek: Gaming the Rates

With interest rates soaring, how can buyers keep their mortgage payments manageable?

CHIC (PEARL)

If you want to reduce the burden of interest, the best thing to do is pay off your mortgage as quickly as possible. That could mean making a higher down payment or devoting any unbudgeted income to reducing your principal. Turn your side hustle from a money maker to a money saver!

GEEK (KEVIN)

If you don’t have a lot of extra cash lying around, congratulations! You’re officially the average homebuyer. But you can’t let the uncertainty of interest rates dictate when and how you make an offer on a home you want. And there’s no guarantee that rates won’t keep rising!