Did you buy your home when interest rates were at a sweet 2-3%? That’s awesome! 👏 But it doesn’t mean you’re stuck forever!
If your current home no longer fits your needs, don’t let fear of higher interest rates hold you back.
Here are some ideas:
✔️ If you’re in a good financial position, consider turning your current home into a rental or Airbnb. This way, you keep your low rate, have tenants or guests pay down your mortgage, and can buy a new home that suits your current lifestyle better.
✔️ You might qualify for a better interest rate than you think! Options include using a 2:1 buydown, buying new construction with offered low rates, or qualifying for special programs or loan types.
PRO TIP: Explore bridge loans so you can close on a new home while your current one sells. Want to know what’s available? Reach out to the best Englewood, FL realtors for information.
✔️ Target Relocation Buyers:
Market your home to people relocating from areas with higher real estate costs, as they may find your home more affordable even with higher rates.
