May 29, 2021
Today, the level of equity homeowners have is at an all-time high. This epic home equity position is prompting many homeowners to to ask if they should stay and refinance their current home or should the list their home for sale and upgrade into a better home that will fit their needs.
For those considering to stay, should they refinance to a lower rate or a lower term. If they stay, should they unleash some of the equity via a cash-out refinance to restructure their family debt and lower their monthly outflows. If they stay, are they in the right mortgage product? A lot of questions for a homeowner to consider today if they want to stay.
For those considering to go it may because they have realized that their current house will not meet the needs of their family in the future or worse, they have currently outgrown their current home.
Kevin Martini | NMLS 143962 | Certified Mortgage Advisor and Branch Manager | Martini Group at Cardinal Financial Company, Limited Partnership, NMLS 66247 | 507 N Blount St Raleigh, NC 27604 | (919) 238-4934 | www.KevinMartini.com | Kevin@KevinMartini.com | Equal Housing Opportunity