Mortgage Blog
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Is It Time For You To Buy Or Refinance?
December 20, 2021 | Posted by: Marc Crossman
Are you considering buying a new home or refinancing your current mortgage? The decision to get or refinance a mortgage is a big one – but you're not alone.
There are many potential benefits to buying or refinancing a home. Here are just a few:
Benefits of Buying a Home
Stable Payments
Rent increases every year, mortgage payments don't.
Freedom to renovate
You own the property so you can renovate it to your liking, a benefit renters don’t enjoy.
A good long-term investment
If you stay in your home long enough, there's a very good likelihood you will be able to sell your home for a profit because of appreciation later in the future.
Benefits of Refinancing
Build Equity
Your mortgage payments can help you build credit and equity.
Lower Payments
Refinancing at a better interest rate can lower your monthly bill.
Save Money
You can use your home's equity to do some remodeling or pay off debt.
Make sure to take full advantage of these benefit opportunities, if the timing is right for you. We are here to help you with whatever your next steps might be, so give us a call!
