You did a great job getting yourself into a nice low rate, but what happens when you realize your current home might not be your ‘forever’ home?  While you can’t bring that rate with you, you don’t have to just give it up!

Upgrade without Starting Over

We’ve all heard about the benefits of investing in real estate.  Now that it is time to upgrade, doesn’t it make sense to see what you can do to expand your portfolio instead of just starting over?  If you have one of those historically low 30-year fixed interest rates, the income potential can be very attractive!

Unlock Your Home’s Hidden Value!

Depending on the purchase price of your new home, you may be able to put as little as 5% down.  With the exceptional appreciation in the Denver Metro Area over the past five years, your down payment may be sitting in your current home’s equity waiting to be unlocked.

Accessing the equity in your current home requires planning, but can be accomplished by: (1) obtaining a Home Equity Line of Credit, or (2) with a Cash-Out Refinance.  The answer won’t be the same for everyone, but knowing your home value, current loan details, and overall financial picture, we can build a strategy that will help you achieve your homebuying goals.

Investing in Your Future

Figuring out the down payment will only get you half-way home.  The next challenge is to ensure you have sufficient income to cover the existing mortgage (and any existing HELOC too).  The good news is that if you sign a full 12-month lease on your current home, we can use 75% of the rental income to offset your existing mortgage obligations.  It’s important to coordinate timing and to ensure you don’t sign a lease prematurely, but it’s a proven strategy that has helped many homeowners become landlords too!