Don't Let That Sub 4% Rate Keep You Stuck...

I wrote this a year ago, and it is still very true. Don't let your low rate stop you from exploring options with the equity in your home. Everything is more expensive, and getting more expensive by the day.

Same with looking to move up, or down, from your current home. When rates drop (can't say they will 100%, but they probably will), it is going to be a feeding frenzy.

From last year:

I get it..you don't want to give up your sub 4% mortgage rate. I really do understand that.

But, just hear me out..if that 4% rate is stopping you from consolidating debts, and lowering your overall monthly payments, maybe it's time to rethink it?

I have a new pair of clients..came to me with that conundrum. 'We have a 3.5% mortgage rate, we don't want to lose it, but our other payments are getting out of hand.'

I took a look at their situation. They have a good amount of equity in their home. We are now structuring their new loan to pay off all debts, so they have one monthly payment. We are also going to be doing a 26 year term, so they don't start over on their loan.

Yes..their rate IS going up over 3%. But guess what their monthly savings will be? Go on...guess....

$1275 a month!

That is some serious monthly savings!

Does this sound like you? Maybe it would be worth it to at least have the conversation.

Reach out! Remember, I am licensed in Oregon, Washington, AND now CALIFORNIA!!!