How much is my mortgage payment? How much can I qualify for? Should I buy now or wait? Should I refi?

My Best advice... The payment you are most comfortable with! Regardless of the highest you can qualify for. With Interest Rates at an all time low. (2.625%-15yrs fixed and 3.000%- 30yrs fixed*). It is almost a crime not to capitalize on this!

Why would you choose a 15yrs or 30yrs mortgage? Here are two sample table to help answer some of your questions. The lower the better - yes. If you qualified for a 15 yrs payment - definitely! Is there a benefit with a 30yrs mortgage program - Yes!

Number of Active and Pending in Santa Clara County (SFR&CID)

Jan 2020 949 773

Feb 2020 1,121 1,030

Mar 2020 1,302 865

Apr 2020 1,495 614

May 2020 1,545 509

Save the payment tables for your quick reference. Want to know how much you qualified for? Feel free to share your comments, ask me a question!

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*Rates subject to change daily