The #1 new homeowner rule is to shop around for your mortgage

After a booming market, is it still safe for you to buy?

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By Chris Middleton Nov. 18, 2022

Home values in the U.S. have more than doubled in the last 10 years. With record-low interest rates, marginally lower prices and people buying outside of cities, the nationwide housing stock hit $6.9 trillion in 2021.

But after the competitive boom of last year, 2022 has told a different story. Recently, the National Association of Realtors reported that sales of existing homes dropped by 20% since the beginning of the year.

While the number of existing homes sold have been on the decline, buyers are actually facing a fairer market. With less competition in the market, a marginal increase in housing supply and a surge in new builds, buyers have suddenly found themselves with more power.

And with that in mind, you might be looking into which mortgage options are open to you. Luckily, AmeriSave can help you navigate the process.

Get the lowest quote possible

AmeriSave gives you a simpler, more straightforward way to buy a home. With more than 20 years of experience, you can trust them to help you sort out your home financing options and get you the lowest quote possible.

If you’re confused about any part of the homeownership process, their experts are always on hand to guide you. They can help you make sense of your options and take some of the stress out of the process.

Stop overpaying for home insurance

Home insurance is an essential expense – one that can often be pricey. You can lower your monthly recurring expenses by finding a more economical alternative for home insurance.

SmartFinancial can help you do just that. SmartFinancial’s online marketplace of vetted home insurance providers allows you to quickly shop around for rates from the country’s top insurance companies, and ensure you’re paying the lowest price possible for your home insurance.

Explore better rates

Take 3 minutes to apply

AmeriSave can help you lock in a mortgage for as low as 4.187% APR. It takes just three minutes to get a credit approval and bring you one step closer to finding the perfect loan option.

They’re a five-star Zillow lender, and nearly 100% of their customers would recommend refinancing with AmeriSave to their friends and family.

Don’t wait to get your quote

While housing prices may seem steep, if you’re ready to take the plunge, AmeriSave can help you get secured with the best mortgage available to you.

These days, the market is forcing sellers to be more realistic about the value of their homes — which leaves you in a better position to buy now than even just a couple months ago.

And, as the real estate market is ever-changing, an affordable house right now might not stay that way for long.

Check rates

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About the Author

Chris Middleton

Freelance Writer

Chris Middleton is a freelance writer at Moneywise. He’s written for CBC News, blogTO, Parton and Pearl and a number of other places. He has a Master’s in Creative and Critical Writing from the University of Gloucestershire.

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