Let's Take a Look at the REAL Cost of Waiting to Buy a 🏡 | Homespire Mortgage

Thinking of waiting for mortgage rates to drop before buying a home? ⏳💰 Consider this: waiting could cost you more in the long run.
Let’s break it down with an example:
A $400k home today might seem like a better deal later with lower rates, but with an estimated 4.21% appreciation, it could jump to $416k in a year. Plus, you’d miss out on building equity.
By waiting, your monthly payment may be less, but when you factor in the higher price and the equity you missed out on - even when adding in an estimated $4k for a refinance down to that lower rate - you’re still losing over $11k by waiting… in one year!
If you’d like to look at real numbers and your individual situation, Homespire can help. Give us a call today.
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Homespire Mortgage Corporation. Equal Housing Lender. All Rights Reserved. NMLS ID # 183215.
Corporate Office: 9711 Washingtonian Blvd., Suite 500, Gaithersburg, MD 20878. 1-800-531-5395 This is not an offer for a loan or any type of extension. Eligibility for a loan or extension of credit from Homespire Mortgage Corporation is subject to completion of a loan application, credit, income, and employment qualification, and meeting established underwriting criteria. Rates are subject to change without notice based on market conditions. See Loan Consultant for information on program income limits, buyer contribution, area median income, debt requirements, and other application details.
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