Don't Let These Interest Rates Go To Waste!

One client we know is refinancing this month, at a rate of 2.34% on a jumbo mortgage. That's hard to believe, but it's important not only to believe it, but to act on it. Rates will most likely go up next year, and they typically go up seasonally as well, with this being the lowest point of the year. Another client, whose primary house we just sold, is going to fix up her second home with a line of credit at these rates. You don't have to refinance, though. We have another client who called about refinancing, and we asked if he had the home of his dreams. When he answered that he would move to the immediate shoreline, if properties in his price range were available, we encouraged him to pursue his dream now. Prices are less important, as we all know, than monthly payments, and it may make a stretch purchase into a doable one. It can also make sense to purchase a home that already has the features you may be lacking, as opposed to doing work on an existing property. Renovations are always cheaper than moving. Another client was thinking about a second home, and this is certainly a great time to acquire one. We advised him to think about a second home as a gathering place for family, and compare it to family travel. Since the latter isn't possible right now, it makes even more sense to invest in property nearby. In fact, a vacation home in Connecticut has never been so appealing, for all kinds of reasons. No testing necessary to visit there! Finally, do you want to buy another pair of leggings, novelty pajamas, or gadget over the Internet? Or would you rather spend your holiday funds on a lasting investment--your dream home? The choice is yours, and the time is now.