After watching the housing purchase market almost shut down completely back in April, people are itching to buy, and that is increasing the value of your home. With home values in Austin soaring, it’s time to refinance now and save thousands.
States are loosening the social distancing requirements, and that’s leading to a rush of home buyers at open houses. After the coronavirus pandemic forced many home sellers to pull their houses off of the market due to an inability to sell, it pushed an already meager selection of available homes to the breaking point.
New listings were dropping quickly, even seeing half as many new listings during the second week of April compared to 2019’s rates that same week. With short supply and high demand, the houses that are available, and by extension, your home values in Austin, are rising in value rapidly.
Sellers still are not flying back in to the market, whether because they have changed their minds, or that they just don’t want strangers in their homes during a pandemic.
Buyers are also seeing those incredibly low mortgage interest rates and itching to get out off their current homes, whether they rent or own. Being cooped up in your own place for months on end tends to highlight its flaws, after all.
With interest rates at all-time lows, and home values soaring, it’s time for a mortgage refinance.
Homeowners can refinance to a lower mortgage interest rate to lower their monthly payment, or take out cash from their home, or shorten the length of their mortgage commitment.
Lowering the monthly payment lets you spend your hard-earned money on other things every month. Saving hundreds of dollars off of your mortgage every month can be turned into car payments, or college payments, or you can buy a boat, or a vacation home.
Taking out cash from the home is a great way to pay off credit cards or other high-interest debt that is draining your bank accounts every month, or to perform repairs or upgrades to your house.
Shortening the duration of your mortgage allows you to own your home more quickly, and save thousands of dollars over the course of your mortgage.
Plus, after every mortgage refinance, you don’t have to make a mortgage payment for two whole months! That’s a great way to put these rising home values in Austin to work for you!
Call the best mortgage lender in Texas, Arien Bowersock’s Texas Loan Experts Team in Austin at (512) 669-8306 or visit BowersockTeam.com to apply now. Texas Loan Experts has the lowest rates on Conventional, FHA, Mortgage Refinances, Jumbo Loans, Debt Consolidation Loans, Rate and Term Refinances, Cash Out Refinances, and HARP Loans. We are also the exclusive home for Hero.Loan VA Mortgages and The Bank Statement Mortgage. We will come to you to close your loan. Nobody gets lower mortgage rates on better loans than Texas Loan Experts.
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