Cost of Waiting - The Bliss Mortgage Minute

Cost of Waiting - The Bliss Mortgage Minute.

Cost of Waiting - The Bliss Mortgage Minute video duration 1 Minute(s) 15 Second(s), published by Bliss Mortgage LLC on 21 08 2019 - 18:42:53.

If you're shopping for a home today, you know it can be difficult
You might not find something right away and it's easy to get fatigued
Sometimes buyers get Minute Mortgage is a technology-based mortgage company dedicated to making a simpler more cost-effective loan process
Minute Mortgage uses technology .

Mallory Strotheide is a lender with Treadstone Funding in Grand Rapids
Mallory Ann Strotheide NMLS 177925 Office (616) 774-9160 ext
55121 Cell (517) Great quote! Mortgage rate & product update pre-approve Call Tom 732-239-1642 pre-approve http://applymortgage.us pre-approve

If you’re shopping for a home today, you know it can be difficult. You might not find something right away and it’s easy to get fatigued. Sometimes buyers get discouraged and say, “Let me take off a few months, maybe I’ll come back 6 months later.”

Here’s the thing: while you can take some time off, the market isn’t taking time off! And it’s hot right now in Hillsborough County. The forecasted appreciation is 2.2% in just the next 6 months; let’s quantify that.

A home worth $265,000 today would be worth $5,800 more in 6 months. Additionally, if you were planning on putting the same percent down, you would have to borrow more because the home is more expensive. And how about interest rates? Even though rates are at very attractive levels, does it make sense to wait for rates to go down further?

No, the monthly savings with a lower rate are nice, but are dwarfed by the missed appreciation and amortization, and it would take many, many years to recoup what you would have lost. Should rates drop significantly, we can always refinance you in the future. Stick with it, keep shopping, and you will find something!

County: Hillsborough County
6 Months Appr: 2.2%
6 Month Gain: $5,800
Median Home Price: $265,000

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Bliss Mortgage LLC is a Mortgage Broker business in Florida with over 20 lenders available in order to match our clients with the best possible loan scenario to fit their needs. Be a part of the great community of happy homeowners who have entrusted Bliss Mortgage to help make Real Estate goals come true. Call 1-888-30-BLISS, visit BlissMortgage.com, or email gerald@blissmortgage.com to get started.

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