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Is It Time to Refinance?
Mortgage rates have recently improved, with the average 30-year fixed-rate mortgage dropping to the mid-6% range, offering opportunities for homeowners who may benefit from refinancing. Considering mortgage rates have decreased considerably from last year’s peak of nearly 8%, more affordable financing and equity opportunities have been created for many homeowners and homebuyers.
While some prospective homebuyers remain cautious due to high home prices, lower rates can create new possibilities for entering the market or reducing monthly payments. Even small decreases in rates can make a meaningful difference, especially for those with mortgages above 7%. If you’ve been waiting for the right moment, now is a great time to explore your options and see how today’s rates could work in your favor.
Shared Ownership Made Simple
Buying a home with someone you’re not married to, whether a partner or a friend, is becoming more common, with unmarried couples now making up about 10% of U.S. buyers and over half a million joint purchases in 2023 alone. Shared ownership can make homeownership more attainable by combining resources, lowering costs, and creating an opportunity to build wealth together.
With the right preparation, shared ownership can be both a smart financial move and a rewarding personal milestone. If you’re considering this path, we’d be happy to walk you through your mortgage options and help set you up for success!
Did You Know?
Did you know gated communities are growing in popularity across all lifestyles and budgets? With amenities like golf, waterfront access, and concierge-style living, these neighborhoods often see higher home values and strong appreciation over time.1
Boost Your Home’s Value with Simple Upgrades
Boosting your home’s value doesn’t always require major renovations. Small, strategic updates can make a big difference. Curb appeal is key, as it creates the first impression buyers see online and in person, so consider landscaping, fresh paint, updated doors, outdoor lighting, and power washing. Inside, deep cleaning, decluttering, and staging help buyers imagine themselves in your home, while modern touches like updated lighting, smart home features, or refreshed kitchens and bathrooms increase appeal even further. These simple improvements can help your home sell faster and for a higher price.
Planning Your Out-Of-State Home Purchase
Buying a home out of state can be an exciting adventure, but it requires careful planning to make the process smooth. Start by clarifying why you’re moving and considering your long-term plans, such as schools, work, or lifestyle needs. Research your new state thoroughly, from climate and culture to local amenities, and explore homes both virtually and in person if possible.
Before you move, make sure your employment status will remain stable, as we will need to verify your income. Another key decision will be what to do with your current property, whether selling, keeping, or renting it out. If you’re ready to take the leap on an out-of-state move, reach out, and we can help guide you every step of the way!
Sources: 1 cnbc.com