Exciting time right now in real estate and the mortgage world. The rates have dropped again, and all the mortgage brokers are super busy doing refinancing of for current homeowners. I heard some say they saved as much as $700 a month, but please know that is not the norm. BUT do not forget the mortgage rates are also very low to purchase a home too. So that begs the question for many homeowners……
As the great band, the Clash sang in the ’80s said, “Should I Stay or Should I Go” …. let’s break it down.
If I stay is till be trouble….. only if your home is not meeting your current living needs or those expected in the next 3 to 5 years. Definitely worth a conversation with a real estate consultant and a well-qualified mortgage professional.
If I go it will be double…. You may not know how much your home is worth. You could potentially be sitting on a lot of equity to go towards another home. AND the new home with a lower interest rate could help you pay off in double time. Again, this is all worth a conversation with a real estate professional who is more of a consultant as well as their trusted mortgage person.
Selling a home and buying a home is one of the largest financial decisions most will ever make in their entire lives. Hiring the right real estate professional to help you in the process is imperative and a decision to not be taken lightly. My suggestion is to always talk to a Realtor and one with vast experience in transactions. Linda Schulte, with Schulte Realty, is not only a Broker and Realtor, but she is also a real estate consultant helping to guide Buyers and Sellers to achieve their real estate dreams.
Give Linda a call at 407-721-0611 or you can inquire online at www.SchulteRealty.com on the contact us button. There is no obligation, just time to chat.