It’s not a good sign when your home is worth less than a few thousand dollars.
But you probably don’t have much time to wait.
Mortgage rates on new homes have been steadily increasing for years.
With new home prices soaring, most people are looking for lower down payments.
You’ll also want to consider property taxes.
And while the federal government offers incentives for homeowners to take out new mortgages, there’s no guarantee you’ll be able to.
Here’s what you need to know about how much you’ll have to pay for a mortgage.