Want to move but keep your low interest rate? 📉

If you’ve been a homeowner for a few years, chances are you’ve locked in a great interest rate. But now, as time has passed, you might find yourself considering a move. Whether it’s because your family has grown, you’re looking to downsize, or you’re eyeing a new neighborhood, you may have hesitated due to not wanting to let go of that fantastic rate. Sound familiar? Well, I’ve got some exciting news to share.

You don’t have to bid farewell to that amazing interest rate just yet. Instead, let’s turn that ‘painful’ thought of giving it up into a winning strategy!

Here’s the deal: Ever thought about leveraging your current home? Many homeowners who’ve been settled for a while are sitting on a pile of equity thanks to significant home price appreciation. By utilizing a Home Equity Line of Credit (HELOC), you can tap into that equity to fund your next home purchase. Use those funds for your down payment for your new place.

Translation? You get to keep that amazing interest rate on your current home, while upgrading to your ideal living space! And what’s even better? You can turn your previous property into a cash cow by renting it out and letting someone else pay your HELOC and mortgage payments.

If you’ve also been contemplating giving your home a makeover—whether it’s a kitchen renovation, bathroom upgrade, or transforming your basement into a cozy retreat—your home’s equity can help foot the bill for these projects. Bryan and I are currently in the midst of finishing our basement and tapping into our equity to make it happen. I’ll be sharing our journey along the way.

Not sure how a HELOC works? Feel free to reach out and I’ll give you the scoop. Sounds intriguing, doesn’t it? If you’re curious about how this could be your golden ticket to financial success, let’s chat!

Angie Albertson

Keller Williams Inspire
[email protected]
773.837.2077