Buy Now & Refi Later

Secure Your Dream Home Now, Refinance Later When Rates Drop!

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Secure your dream home now and capitalize on lower rates later with our ‘Buy Now & Refi Later’ offer.  Don’t miss out act now or risk waiting for uncertain market conditions.

Borrower A

Buys A Home This Spring

  • Purchases a $500,000 home in May 2024
  • Puts 5% down ($25,000), finances $475,000
  • Secures a 30-year mortgage at 6.750% APR interest
  • After one year, owes $469,937
  • In May 2025, refinances at 5.750% APR, borrowing $472,000
  • Post-refinace mortgage payment: Approx. $3,216 PITI

Borrower B

Waits Until Next Spring

  • Home values increase by 6% APR
  • Purchases the same home in Spring 2025 for $530,000
  • Puts 5% down ($26,500) finances $503,500
  • Secures a 30-year mortgage payment: Approx. $3,451 PITI
Borrower A
Borrower B
Owes
 $472,000 $503,500
Equity
 $58,000 $26,500
Payment
 $3,216 $3,451
Equity %
 10% 5%

Buying now and refinancing later offers the advantage of building higher equity and enjoying lower payments, with the understanding that timing the market can profoundly affect long-term financial outcomes.  It’s crucial to carefully weigh the trade-offs between immediate costs and potential future benefits.

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