🚨 You’re losing money waiting for rates to drop! 🚨 | Homespire Mortgage

🚨 You’re losing money waiting for rates to drop! 🚨
Don’t fall into the waiting game with mortgage rates when considering buying a new home! 🏡⏳
While it’s tempting to hold off for lower rates, think about the bigger financial picture. Waiting 6 months, a year, or even two could mean missing out on significant financial gains.
Let’s break it down: Say you’re eyeing a $400k home today. Should you act now or wait for lower rates? Consider this: if rates drop by 1% in a year, your monthly payments might be lower, but the home’s price could jump to $416k due to a 4.21% appreciation forecast. That’s a $16k difference! Plus, waiting means missing out on equity growth.
Check out the numbers: Even if you save a little on monthly payments, factoring in the higher house price and lost equity, waiting could cost you over $11k in just a year, and that’s even factoring in $4,000 for refinance costs!
Don’t just focus on rates-consider the full financial picture and long-term gains. Ready to crunch the numbers? Let Homespire guide you through your unique situation.
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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.