💰 What “Buying Power” Really Means

Your buying power is the amount of home you can afford based on your income, down payment, and the interest rate you qualify for. When rates rise, your monthly payment increases — even if the price of the home stays the same.

For example:

• At a 4% interest rate, a $400,000 mortgage costs about $1,910/month (principal & interest).
• At a 7% rate, that same loan costs about $2,660/month.

That’s a $750 difference each month — which can feel huge. But the good news is, you still have options to make homeownership work for you.

🏡 How to Stay Competitive (and Comfortable) in a Higher-Rate Market

1. Reassess Your Price Range

It’s okay to adjust your budget slightly. Sometimes looking $25,000–$50,000 lower opens up homes that still meet your needs while keeping your payment manageable.

2. Explore Loan Options and Buydowns

Lenders offer creative solutions like 2-1 buydowns or adjustable-rate mortgages that can lower your initial rate while you wait for long-term rates to settle.

3. Negotiate Seller Concessions

Many sellers in today’s market are offering help with closing costs or rate buydowns. With my negotiation experience, we can structure your offer to save thousands up front.

4. Build Equity — Don’t Wait for “Perfect” Rates

Waiting for rates to drop often means missing out on appreciation. Home prices in Central Florida have held strong thanks to population growth and steady demand. The earlier you buy, the sooner your equity starts working for you.

📈 Why Central Florida Buyers Still Have the Advantage

• 🏠 Strong demand and steady job growth keep property values stable.
• 🌴 Year-round lifestyle attracts buyers from across the U.S. — adding long-term value.
• 🚗 New developments in Lake Nona, Kissimmee, and Davenport mean more inventory choices.
• 💡 You can always refinance later when rates drop — but you can’t go back and buy yesterday’s prices.

The key is to focus on what you can control: the right home, the right loan, and a plan that works for your financial goals.

🤝 Let’s Find Out What You Can Afford — Today

Even with higher rates, many Central Florida buyers are still making their move — and building wealth in the process. I’ll connect you with trusted lenders, break down your real numbers, and help you find the home that fits your lifestyle and budget.

📞 Call/Text: 407-516-2441
✉️ Email: JelitzaRiveraRealtor@gmail.com