Buying a smaller home is not something we usually plan on. But there are a number of reasons downsizing your home may be the best choice depending on your financial situation.
Having a smaller home can make things more manageable. Money saved on upkeep can be used towards other things in your life, such as car payments, energy bills, and even entertainment.
Your children and family may have moved out and you have an empty nest. Condo's in urban areas allow for less responsibility in home upkeep while offering other amenities such as culture and restaurants.
Unemployment has affected many because of the downed economy. If you're facing financial difficulty, a smaller home with the help of Houston Loans can ensure stability through these turbulent times.
Think of downsizing as a step forward, not backward. Choosing a smaller space can make life easier and simpler. If you're looking for a smaller home in the Houston area, speaking with a trusted home loan professional should be one of your first steps.
Consider Downsizing with Houston Loans
Mortgage rates are at historic lows. Really, rates haven't been this low since Eisenhower was president in the 50's! While many are extremely cautious with any large financial decisions because of the faltering economy, downsizing while rates are at record lows can be an advantage.
Work with a Houston Loans Expert
Consider this a unique opportunity. Evaluate your financial situation and see if moving into a smaller home with Houston loans is the right choice. Moving while mortgage rates are low can save you cash by lowering your monthly mortgage payment. Depending on your financial situation, you could save thousands in interest by locking-in a lower rate.
As a Quicken Loans home loan expert licensed in Houston, I have helped many clients buy a new home with Houston loans. Whether you're looking for FHA Loans, VA Loans, fixed-rate, or adjustable rate mortgages, if you're ready to move forward get in touch with me at Quicken Loans today!
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