{"id":2571,"date":"2019-12-10T05:00:14","date_gmt":"2019-12-10T11:00:14","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/a-365-day-difference-in-homeownership\/"},"modified":"2020-01-08T09:12:12","modified_gmt":"2020-01-08T15:12:12","slug":"a-365-day-difference-in-homeownership","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/a-365-day-difference-in-homeownership\/","title":{"rendered":"A 365 Day Difference in Homeownership"},"content":{"rendered":"

\"A<\/p>\n

Over the past year, mortgage rates have fallen more than a full percentage point. This is a great driver for homeownership, as today\u2019s low rates provide consumers with some significant benefits. Here\u2019s a look at three of them:<\/span><\/p>\n

    \n
  1. Refinance:<\/strong> If you already own a home, you may want to decide if you\u2019re going to refinance. It\u2019s one way to lock in a lower monthly payment and save substantially over time, but it also means paying upfront closing costs too. You have to answer the question: Should I refinance my home?<\/a><\/li>\n
  2. Move-up or Downsize:<\/strong> Another option is to consider moving into a new home, putting the equity<\/a> you\u2019ve likely gained in your current house toward a down payment on a new one that better meets your needs \u2013 something that\u2019s truly a perfect fit for your family.<\/li>\n
  3. Become a First-Time Homebuyer: <\/strong>There are many financial and non-financial benefits to owning a home, and the most important thing is to first decide when the time is right for you. You have to determine that on your own, but know that now is a great time to buy if you\u2019re considering it. Just take a look at the cost of renting vs. buying<\/a><\/li>\n<\/ol>\n

    Why 2019 Was a Great Year for Homeownership<\/strong><\/h4>\n

    Last year at this time, mortgage rates were 4.63%<\/a> (substantially higher than they are today<\/a>). If you\u2019re one who waited for a better time to make a move, market conditions have improved significantly. Today\u2019s low mortgage rates combined with increasing wages are making homes much more affordable<\/a> than they were just one year ago, so it\u2019s a great time to get more for your money and consider a new home.<\/p>\n

    The chart below shows how much you would save based on today\u2019s rates, compared to what you would have paid if you purchased a house exactly one year ago, depending on how much you finance.<\/p>\n

    Bottom Line<\/strong><\/h3>\n

    If you\u2019ve been waiting since last year to make your move into homeownership, or to find a house that better meets your needs, today\u2019s low mortgage rates may be just what you need to get the process going. Let\u2019s get together to discuss how you can benefit from the current rates.<\/p>\n

    Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"

    Over the past year, mortgage rates have fallen more than a full percentage point. This is a great driver for homeownership, as today\u2019s low rates provide consumers with some significant benefits. Here\u2019s a look at three of them: Refinance: If you already own a home, you may want to decide if you\u2019re going to refinance. […]<\/p>\n","protected":false},"author":1,"featured_media":2572,"comment_status":"false","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10157519356927224_105287467588662":"","twitter_15771620_15771620":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[54],"class_list":{"0":"post-2571","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-info","8":"tag-100-financing","9":"entry"},"yoast_head":"\nA 365 Day Difference in Homeownership—NWI Loan Guy Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nwiloanguy.com\/blog\/a-365-day-difference-in-homeownership\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A 365 Day Difference in Homeownership—NWI Loan Guy Blog\" \/>\n<meta property=\"og:description\" content=\"Over the past year, mortgage rates have fallen more than a full percentage point. 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