Happy Customer
I was kept informed throughout the process and was always listened to. Buying a home is an important step in life and an individual should endeavor to get it right. McCaskill Realty is the best guide to have.
The Wolfe Family
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Financing Your Home >When Interest Rates Rise
Many people fall out of the home buying market when interest rates start to go up. This is often a mistake. Many of the best mortgages deals become available when lenders are competing for new business and sellers are competing within a smaller buyer pool. You just have to know how to keep the costs down in order to counter the higher interest rates.
One of the best tricks is the buy-down. In a buy-down, a fee is paid at the closing to get a lower interest rate. In a soft market, an anxious seller may be lured into to paying all or part of the buy-down. Another approach is to get the seller to pay some of closing costs, thus lowering the amount of cash a buyer needs to close. Frequently the seller's costs can be used as a write-off by the buyer. Always consult with your tax advisor if you are considering such an arrangement.
If the market is softening due to rising or higher rates, the price itself becomes an area where a buyer may be able to save a lot of money on a house through skillful negotiating. Lower prices mean lower loan amounts, so don't be discouraged by higher rates--use them to your advantage.
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| Q |
What is the highest altitude hotel in the world?
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| A |
The Hotel Everest View sits at the record altitude of 13,000 ft (3,964 m) above sea level, in the rarified atmosphere of Namche, Nepal, the village closest to the Mount Everest base camp.
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 See More Real Estate Trivia > |
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Roddy McCaskill
Roddy McCaskill Team at Keller Williams Realty
1514 Market Street Ste B-100
Little Rock, Arkansas 72211
Office: 501-907-5959
Cell: 501-529-1811
Fax: 501-907-5958
Roddy@RoddyMcCaskill.com
RODDY McCASKILL Team is a full -service real estate company with seven professionals - all are fully licensed REALTORS whose total experience is over fifty-five years in real estate. Each member of The McCaskill Team is highly specialized and trained in specific areas of expertise. This enables our Team to give the highest level of service found in Little Rock real estate!   
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