Here Are 5 Homeowner Moves While Home Prices Move
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Home prices have been on a wild ride. If you own a home, chances are your home has increased in value and you’ve been wondering how you could cash in.
Existing homeowners are flocking to figure out how they can do that.
We’ve got 5 top money move options for homeowners below. A few involve how you could potentially cash in on the home you own.
Why not find out what some of these can offer you? They might save or make you money.
1. Find Out How Much You Might Get For Your Home In Just 5 Minutes
Want to sell your house and move with ease? Did you know there’s a way you might receive a cash offer within 24 hours without any broker, or any showings?
Offerpad will carefully evaluate your home with local market expertise, and could give you a competitive cash offer within 24 hours. All you need to do is fill out a short 3-minute questionnaire.
If you choose to accept your offer, Offerpad will also provide you with free local moving to your next place. You can also pick your closing day, which could be in as little as 24 hours, or choose to extend your stay to live in your current home a little longer.
Find out what your home’s cash offer is in 3 minutes right now.
2. Refinance Your Mortgage While Interest Rates Are Around All-Time Lows (Could Save You Thousands)
Interest rates won’t stay this low forever, which is why it’s important to take advantage and use it to your advantage while you can.
By refinancing, (depending on your mortgage size) you could potentially save thousands of dollars each year on your home payments. Here’s how it works — you find a new home loan that, ideally, has a lower interest rate and better terms, and then use it to replace your current home loan. Sounds simple enough, right?
Because it is. And with LoanDepot, you can check your mortgage refinance rates in just a few clicks!
LoanDepot is the official mortgage provider and proud partner of Major League Baseball.
LoanDepot has funded more than $100 billion in loans since 2010. Their licensed lending officers are held by a strict no steering policy and are not incentivized to sell one loan over another.
After you refinance with LoanDepot once, they’ll waive the lender fees and reimburse appraisal fees on any future refinance with LoanDepot.
Check your mortgage refinance rate from LoanDepot now right here and find out how much you could be saving on your house!
3. Protect Your Home & Your Family By Leaving Them Up To $1,500,000
We hate to think about it, but who would make the mortgage payments if something were to happen to you? One of the smartest moves you can make is to protect your family’s financial future. Many people underestimate how much money is needed to provide for their families after they die. This is why life insurance is a must.
The older you are, the more expensive life insurance becomes. And because today is the youngest you’ll ever be, there’s no better time than today to get a life insurance policy.
Plus, with Bestow, you can actually lock in your rate. As you age and your health declines, you’ll get to keep paying that same low premium.
Bestow’s policies start from as little as $16 a month, and you can get a quote in 60 seconds — without providing a medical exam or filling out paperwork!
And with coverage of up to $1.5 million, you can leave your family with a significant amount of money after you pass.
Get your free quote from Bestow today and make sure your family’s future is secure.
4. Your Homeowners and/or Auto Insurance Bills Are Probably Too High, Here’s How You Might Reduce It In Minutes
When was the last time you checked your homeowner insurance rate? Insurance companies love when you’re lazy. You could be saving money! For many people, there are cheaper rates floating around but they just don’t know where to look. You may be able to save up to $947 a year.
With Liberty Mutual, you could customize your car and home insurance to save $947 a year. It takes just a couple of minutes to check your rate.
You could only save further with an online purchase discount and get rewarded for things like good driving behavior. There’s also a possible paperless policy discount and a pay-in-full discount.
Whether you’re looking for a better rate on home or auto insurance (or both), get a quote right now
5. Get Cash For Your Home Without Having To Move (Really!)
You probably have at least considered putting your home up for sale to take advantage of this current market. But then you might have trouble finding a new home for a reasonable price, or you might love your current home.
Unison might be the solution you’ve been looking for. Unison can co-invest in your home, giving you cash today, in exchange for a percentage share in your home’s future appreciation, allowing you to take advantage of the housing boom by unlocking your home’s equity without needing to move. If you qualify, Unison will give you up to $500k or 17.5% of your home’s value. Unlike a loan, there’s no interest, no monthly payments, and no debt.
So what’s the catch? There’s no catch, really. In exchange for its investment, Unison will share in the profit or loss when you finally decide to sell your home and move out (up to 30 years later). If you decide you want to stay longer than 30 years, you can settle the agreement at the end of the term without moving out.
Here’s how it works on the Unison website: After confirming your home is pre-approved by simply entering your address, you’ll need to fill out a quick and easy form with some info, typically completed in just a few minutes or less. From there, you’ll be able to see how much money you can get if approved.
See out much cash you can get right now. Find out if you qualify right here. In most cases, you can use the money however you’d like. Home improvements, retirement funds, tuition, debt elimination, it’s up to you.
*Disclosure: Unison’s investment in your home must be satisfied at the earliest of (a) an ownership change; (b) the death of the last remaining signatory; (c) 30 years; or (d) material default. You can also buy us out without selling your home at any time after 5 years. Unison will not share in any decrease in value if you sell your home within five years of our investment or if you opt to buy us out without selling your home. In addition, if you do not properly maintain the condition of your home and it results in a significant decrease in your home’s market value, Unison reserves the right to offset the decrease in value with a commensurate upward adjustment for purposes of calculating our share of the change in value of your home.