Get This Loan *Before* You Start House Hunting

The Sell for 1 Percent team digs into the numbers behind today’s mortgage rates. Mortgage pro Rich Sircone notes that since February, the 10-year treasury has jumped about three-quarters of a percent, and mortgage rates have followed suit from around 6% to 6.75%, with some quotes even hitting 7%. His top advice for homeowners with equity is to secure a home equity line of credit now—before you even start shopping—so you have cash on hand for a down payment. For Columbus-area buyers, having a HELOC in place can transform a tough contingent offer into a powerful non-contingent one, giving you a huge advantage in this market.

Watch the full video on YouTube: https://youtu.be/LHuWvuQe9s8