Many homeowners don't realize this, but the home you bought a few years ago may now be the down payment on your next home.
If you purchased your home three or more years ago, there's a good chance you've built significant equity thanks to rising home values over the past several years. That equity could open the door to opportunities you may not have considered.
The equity in your home could help you:
Upgrade to a larger home
Your current home may have been perfect when you bought it, but life changes. Growing families, working from home, or simply...
Do you know what mortgage interest rates were one year ago?
Take a guess.
Close… about 7.26%.
Today, the average 30-year fixed rate is hovering near its lowest level in almost three years.
What does that actually mean for buyers?
On the same home, the average buyer today is paying roughly $330 less per month compared to this time last year.
That's real money back in your pocket every month.
But here's the mistake I see people make every single time rates start to drop…
They wait.