- Buy a Home – while rates are still fairly low, it is a good idea to make your money work for you in qualifying for a home. Since both the amount of the home loan you will need in purchasing your home AND the amount of the new mortgage payment are taken into account when qualifying you, it is a good idea to buy now so that you have a better chance of purchasing more home for your buck and qualifying for the new home payment.
- Sell Your Home – It is a seller’s market right now, but it won’t last forever. If you have been contemplating selling your home and moving up to a bigger home, now is the time to do it. Home prices may go up, however your buying power may go down. If you sell your home now, you will have a good balance of what you could make off of your home as well as qualifying for more home for your buck.
- Refi if you haven’t already – rates are still at all time lows, but they are creeping back up. If you have been sitting at a 5% rate or more and waiting for rates to get better, the bad news is, that time has already past. The good news is, you can still a significantly lower rate than you have now and save yourself some money you can put aside for that Porsche you’ve always wanted!
For more information on how any of the above situations could work for you, give us a call at 800-311-6868 today to talk to one of our Mortgage Consultants who can point you in the right direction and answer any questions you might have.