The mortgage industry LOVES bad news on the stock market.....especially when it means great rates. Look at it this way.....when your pocketbook and stocks start taking a hit, the first place you should start looking to save money is your mortgage. Even people who refinanced 6 months ago can still at least see a .50% drop in their interest rate meaning around at least $100 savings per month.
Been holding off on doing any home repairs or just haven't been able to tap into your equity? Check now. A great combination of Colorado's housing economy booming and low-interest rates mean tapping into potential savings in several areas.
The coronavirus has everyone on edge. I personally cannot stand being glued to my T.V. about the whole thing. It feels like every year there is a new fear instilled into the human race to keep us all teetering right on the edge. Thankfully business starts to pick up for me when things like this happen. I hate living off of people's fear, but I love to educate them on why the market is acting this way and help people stash money away for "just in case" funds. It keeps my nose to the grindstone and keeps a woman honest!
If you are waiting around to purchase, make sure you chat with your lender (or me!) and double-check your max qualification and purchase price. What you once qualified for a month ago can be better by about $25,000 in buying power. That could be enough to put you into a whole new search bracket and get you that much closer to your dream home.
Don't wait. Reach out to me today and lets see how I can assist you in saving additional funds per month, get your closer to your dream home, or help you get cash out and invest in other areas of your life. Buy low and sell high, right?
Comentarios