The most common question we hear at the “shop” for the last two years is by far, “how much lower do you think home prices or rates will get?”. In today’s installment Milly talks to ourmortgage clients of Wisconsin and Illinois, and Americans from edge to edge for that matter, about the virtue of “siezing the day” and taking advantage of what the market has to offer now.
Homeowners of America today that are in their current mortgage have reservations aboutrefinancing because of fear they will regret that they didn’t wait for the “bottom” of theinterest rate market. Milly illustrates that most people who wait for bottom end up getting “whiplash” because the mortgage bottom doesn’t advertise that it’s coming and once it hits, it’s already gone.
There also seem to be a lot of renters in our local market, the Fox Cities of Wisconsin and across Illinois, Wisconsin and America that are also sitting on the sideline (their apartments) waiting for the home prices to “bottom” out as well. Milly lets you know that every month you think you’re doing yourself a “service” by waiting, is another month you throw your money away on rent.
Don’t let greed, paranoia or indecision keep you from either saving money now on yourmortgage or starting to have your money work for you with a mortgage.
We hope you enjoy today’s installment!
If you or any of your loved one have any questions regarding mortgage financing, home ownership or banking in general, please don’t hesitate to hit that MILLY button!!
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