Percheron 28 40If you have your forever property or you are waiting a few years to get it, consider the advantages this market currently offers.  With the uncertainty surrounding mortgage interest rates and increasing property prices, savings could mount to 100’s of thousands of dollars for forever owners and buyers that act now.  These savings can be a real game changer.  Here’s why.

What if you already own Your “Forever” Property

If you already own your forever home, don’t miss out on the savings!  We heard about one couple that recently refinanced their forever property from a 30 year mortgage to a 20 year mortgage and it only cost them $3 more per month.  The difference however in savings was almost $300,000 in interest payments, not to mention 10 years of time!  Opportunity exists right now to save for those that are paying attention.

Serious savings for Today’s Forever Property Buyers

Why buy today instead of waiting 2 – 3 years?  Just a year ago, interest rates were over 4% and today they are hovering around 3.5% for a 30 year fixed rate.  Smart shoppers know that these low rates will be rising soon.  If they move to only 5% over the next 3 years, this could cost a buyer over $150,000 more in extra payments on a $500,000 loan.  Add to this appreciation and a buyer could save big money now rather than waiting 2-3 years to buy.

Make a Plan for Your Forever Property

Awesome properties are available for buyers and agents that are paying close attention. To get started, just email your agent and let them know that you would like to be setup on a Multiple Listing Portal.  Include the criteria that matches your interest including price, location, amenities and special interest.  If you already have your forever property, contact us today for a local lender that specialize in properties like yours.  Thank you.