Locked Into a 3% Rate?

 Information Courtesy of Jennifer Blau

 Loan Officer with NEXA Lending

 

Locked Into a 3% Rate? 

Here's How Some Homeowners Are Still Making a Move

One of the most common objections Realtors hear today is, "I'd love to move, but I don't want to give up my 3% mortgage rate." While it's true that many homeowners are hesitant to trade a low rate for today's financing costs, life doesn't always wait for rates to come down.

Growing families, empty nesters, job relocations, and lifestyle changes continue to create housing needs regardless of interest rates. The good news is that homeowners have more options than they may realize. Some buyers are keeping their current home as a rental property, while others are leveraging home equity through a HELOC or bridge financing to help facilitate their next purchase. Temporary rate buydowns can also help ease the transition by lowering payments during the first few years of homeownership.

The key is to understand that today's mortgage market isn't one-size-fits-all. A conversation with a knowledgeable mortgage professional can uncover financing strategies that make a move possible—even when leaving behind a historically low interest rate.

 

Jennifer Blau
704-953-3561
NMLS#2568819 (CA, NC, SC, OR)
jblau@NEXAlending.com
www.loanswithJenBlau.com