With interest rates staying so low, this is a perfect time to think outside the box with your next move. Here’s an idea my good buddy, Jeff Goddard at Waterstone Mortgage threw at me.
If you’ve been considering upsizing or moving to a higher-priced area, you could now lock in a new, larger loan with a significantly lower interest rate than your current loan and potentially have your new mortgage payments be similar if not, identical to your current smaller home’s mortgage payments.
Essentially; with rates so low, you could get a larger home with the same mortgage note that you currently have on your smaller home.
