Buying a home is a big decision, however waiting to purchase a home could cost you a lot of money.
Don’t assume waiting a few years to buy a home will save you money. The cost of waiting can add up as mortgage rates rise. You will diminish your purchasing power with every tenth of a percent increase on your home loan. More on mortgages: https://yourhomerealestatepro.com/should-i-wait-for-lower-mortgage-interest-rates/
As home prices continue to rise you will not be able to buy as much home for your money as you can today. The experts and economists predict home prices will continue to increase well into 2022.
Buying now will allow you to build equity while home prices continue to climb. It is possible for you to increase your personal wealth in the next few years allowing you to have more financial security.
So if buying a home is something you want to do, you should do everything you can to do it now as opposed to waiting.
Some Highlights
- If you’re thinking of buying a home but wondering if waiting a few years will save you in the long run, think again.
- The longer the wait, the more you’ll pay, especially when mortgage rates and home prices rise. Even the slightest change in the mortgage rate can have a big impact on your buying power no matter your price point.
- Don’t assume waiting will save you money. Let’s connect to set the ball into motion today while mortgage rates are hovering near historic lows.
