What have you spent on rent while waiting for interest rates to come back down? Only you know the answer to that question. That’s the amount that you could have put toward buying a home…. and that amount can be staggering when you think about it.

Not all people want to own their own home and build equity, but if you’re ready to stop renting and start buying, give me a call and we can discuss your options. One option is buy now – then refinance when the rates come down. A lot of people don’t know the ins and outs of refinancing and think you “start the clock over” (i.e. start another 30 year mortgage) when you refinance. You have a choice! You can refinance into a shorter mortgage (15, 20, 25 years) if you choose. Rocket Mortgage will buy down your rate NOW by 1% for a year, then discount your costs when you refinance in the future (up to 3 years). Oh, and by the way, you can roll in your refinance costs or pay them at closing – you decide. Then, while you wait to refinance, you can also reduce your total interest costs by making principal-only payments along the way. You have SO MANY options! Let’s bust some myths that you may have heard about buying a home and expand your homebuying knowledge! Checkout 5 things to consider before continuing to rent on my post by clicking here.