It is never too late to begin the process, so here are a few tips! And if you aren't sure if you qualify to purchase a home, please reach out and allow me to refer you to my top most trusted Mortgage Lenders who will be more than happy to meet with you, Zoom or have a chat over the phone, with no obligation whatsoever. These lenders have so many programs available and if there is a way for you to be pre-approved, they will find it!
You may very well be surprised to learn that YOU are able to fulfill your dream of being a homeowner. All it takes is a phone call and an hour of your time. Trust me, it is worth it!
And if you're waiting for interest rates to drop, this is the mindset that will end up costing you so much more in the end. It's simple! When interest rates go down, the price of the home goes up!
There was a time when interest rates were well over 20%, that didn't stop our parents and grandparents from purchasing a home, look at what those homes are worth today? It's called BUILDING EQUITY! With the option to refinance when rates go down, you are able to build equity during that time, allowing you to cash-in when rates go down and home prices go up. You certainly aren't doing that by paying off another homeowner's mortgage with rent. Paying rent does not build equity or wealth. Owning real estate does!
Now, the rates go down, you refinance to a lower rate and then you decide that it's time to cash in on the value of your home, you take that EQUITY and you transfer that into another property, one that may be better suited to your current lifestyle and change in family dynamics or you simply sty in your home enjoying your lower monthly payments due to the refinancing you took advantage of. It's a win-win!
If the thought has crossed your mind and you are ready to become a home-owner, please call me so that I may lend my real estate expertise.
As always, I look forward to taking this journey with you!
LOVELEE MICHELLE APARICIO-VETRI
Licensed Real Estate Associate Broker
Email: [email protected]
