What we tell clients who say ‘I’ll never give up my 3% rate’

I get it. A 3% rate feels too good to walk away from.
But have you thought about what you are trading for that rate?

 

Your rate is one piece of the puzzle, not the whole picture.
The backyard your kids keep asking for. The extra bedroom. The shorter commute...
The neighborhood you actually want to live in.

Sometimes the answer is to stay put.
Good real estate advice is about making decisions that fit your season of life.
Other times, the math and the life picture say something different.

Have you thought about how to leverage your equity?
If you purchased your home in 2020 for $300,000, your home is likely valued at $435,000 today.
Which means you have roughly $190,000 in equity.

Your equity is cash you can use.
Pay down debt.
Use as a downpayment.
Buy down the interest rate.
You’re sitting on equity, actual money, to give you the life you desire to have now.

Bottom Line: Your interest rate is a small piece of owning real estate.

 If you’re holding onto a 3% rate but wondering if it’s still the right move, that’s a conversation worth having.

Schedule a call to see how this would play out for you! Click Here.