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Buy Now and Refinance Later

August 29th, 2023 9:53 AM by Ken Morley

As of today the consensus is to buy now and refinance later. There is some good logic behind this as the number of potential buyers has dwindled due to the higher rates. Those that need to sell now are being more flexible with the purchase price and possibly helping to lower your closing costs or even the interest rate. If predictions come true with lower rates in the future then demand will increase driving up the purchase prices. Should this come true then you could benefit by refinancing to a lower rate and improving the terms of your loan due to the appreciation of your home from now until then. This is only an opinion as no one knows exactly what the future will bring but it has been proven time and time again that owning a home is a great way to build future wealth. If you would like to explore your options, including our no down payment program, please give me a call today at (303) 650-9400. There is no cost or obligation.

Posted by Ken Morley on August 29th, 2023 9:53 AM



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