{"id":421,"date":"2024-09-06T12:45:17","date_gmt":"2024-09-06T12:45:17","guid":{"rendered":"https:\/\/www.mysouthernhome.com\/blog\/?p=421"},"modified":"2024-09-06T12:45:17","modified_gmt":"2024-09-06T12:45:17","slug":"weve-got-you-covered","status":"publish","type":"post","link":"https:\/\/mysouthernhome-pequin.graphiclanguage.net\/blog\/2024\/09\/06\/weve-got-you-covered\/","title":{"rendered":"We’ve Got You Covered!"},"content":{"rendered":"\n

When is the right time to buy a home? Will interest rates\ndrop or will home prices decrease? How is a home buyer to know the best time to\nmake the best deal? <\/p>\n\n\n\n

We\u2019re all hearing reports anticipating interest rates will\ndrop. So, what\u2019s better \u2013 buying when prices are high or buying when interest\nrates are high? We say, buy now, and here\u2019s why\u2026<\/p>\n\n\n\n

As interest rates increased over the past months, many\npotential home buyers have held back. So, demand for homes has declined,\nthereby reducing home prices. Waiting for interest rates to drop could result\nin more potential home buyers entering the market, which will increase demand\nand result in higher prices on new homes \u2013 especially as Florida continues to\nattract new residents.<\/p>\n\n\n\n

We\u2019re already seeing some drops in interest rates, but Southern Homes will help lower interest rates even more with a 2\/1 buydown program, getting your rate as low as 3.25% (5.970% APR) as of 9\/13\/24. Then, if rates drop more, we\u2019ve got you covered with a rate float down or a refinance with no lender fees! <\/p>\n\n\n\n

And unlike interest rates, once you buy a home, you can\u2019t\nchange the purchase price. <\/p>\n\n\n\n

Here\u2019s how it works:<\/p>\n\n\n\n

  1. Southern Homes will pay to lower your interest rate by 2% for the first year of the loan. Your rate will adjust 1% each year until it returns to the original fixed rate after the buydown period.
    <\/li>
  2. Save monthly with reduced initial payments for two years.
    <\/li>
  3. When rates drop, we\u2019ve got you covered with:
    1. A one-time rate float down \u2013 if you lock the rate in now, and rates improve by .25  or more before you close, we\u2019ll float you down to that lower rate! <\/li>
    2. A refinance period of up to 2 years with NO LENDER FEES! <\/li><\/ol><\/li><\/ol>\n\n\n\n

      These safety nets, along with Southern Homes\u2019 local buying\npower, can reassure you that you\u2019re making the most of your investment in a new\nhome.<\/p>\n","protected":false},"excerpt":{"rendered":"

      When is the right time to buy a home? Will interest rates drop or will home prices decrease? How is a home…<\/p>\n","protected":false},"author":2,"featured_media":424,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,1],"tags":[],"class_list":["post-421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-home-buyer-tips","category-uncategorized"],"fimg_url":"https:\/\/mysouthernhome-pequin.graphiclanguage.net\/blog\/wp-content\/uploads\/2024\/09\/Manchester-C_Courtyard-Garage-scaled.jpg","_links":{"self":[{"href":"https:\/\/mysouthernhome-pequin.graphiclanguage.net\/blog\/wp-json\/wp\/v2\/posts\/421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mysouthernhome-pequin.graphiclanguage.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mysouthernhome-pequin.graphiclanguage.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mysouthernhome-pequin.graphiclanguage.net\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mysouthernhome-pequin.graphiclanguage.net\/blog\/wp-json\/wp\/v2\/comments?post=421"}],"version-history":[{"count":0,"href":"https:\/\/mysouthernhome-pequin.graphiclanguage.net\/blog\/wp-json\/wp\/v2\/posts\/421\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mysouthernhome-pequin.graphiclanguage.net\/blog\/wp-json\/wp\/v2\/media\/424"}],"wp:attachment":[{"href":"https:\/\/mysouthernhome-pequin.graphiclanguage.net\/blog\/wp-json\/wp\/v2\/media?parent=421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mysouthernhome-pequin.graphiclanguage.net\/blog\/wp-json\/wp\/v2\/categories?post=421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mysouthernhome-pequin.graphiclanguage.net\/blog\/wp-json\/wp\/v2\/tags?post=421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}