Do higher interest rates mean you should pump the brakes on buying a house, or keep your foot on the pedal?
We may be in a period of market swings and bumped up interest rates which has a lot of people rightfully sweating. But the fact remains: homeownership is the best way to create stability and wealth for the majority of Americans.
Maybe you’re thinking, jeez, haven’t you seen the economy? The interest rates, the inflation, the gas prices?
It’s important when things get choppy to keep your eye on the prize and get into long term thinking.
Consider this: in 2006, interest rates were 6%. If you bought in 2006 you could say that was a “disastrous” time to buy. But people who bought then have seen tremendous gains, and a couple of years later, many refinanced for 3%, a historical low.
I realize that for many, renting does not feel like a choice. You may feel that your finances are in no way suitable for the house you need if you were to buy.
And for many, homeownership feels like a moving target.
But it doesn’t have to be.
So, I want to tell you today about this product I put together called The Formula.
It takes all the guesswork out of how to get the keys to the house of your dreams. No matter where you’re starting from. Student loan debt? Not ideal credit score? Need a home bigger than you can afford today?
You still can find a path.
It tells you exactly what you need to be a homeowner, set concrete goals, find the smartest path and make your dream a reality.
The Formula lets you:
- Work with your unique financial situation and housing goals to chart a solid path
- Set a timeframe you truly believe in
- Say goodbye to renting and hello to homeownership
I’ve put a new stake in the ground which is to get a million people on the path to homeownership.
If you’re sick of renting and want to be a homeowner, discover The Formula here.
What do you think? Is now the time to pump the brakes or keep your foot on the gas on the path to buying a home? Put your comment below!