Here Are 4 Moves For Homeowners To Make While Home Prices Are Sky High
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(We’ve updated this article to 4 of the top moves).
Home prices have skyrocketed. It’s not uncommon to have multiple bids on a home on the first day it hits the market, with offers coming in above the asking price.
With interest rates so low, existing homeowners are flocking to refinance their homes and take advantage of other options while they still can.
So how do you take advantage of all this as a homeowner? Keep reading to find out.
1.Tap Into Your Home Equity For Up To $500k (Without Getting A Monthly Bill, This Is Not A Loan)
Your home is extremely valuable but it’s hard to access that value unless you sell. But now, there is a new way to take advantage of a booming housing market without needing to pack up and move somewhere new.
Unison might be the solution you’ve been looking for. Unison can invest in your home, giving you cash today, in exchange for a percentage share in your home’s future appreciation, allowing you to cash in on your home’s equity and take advantage of the housing boom 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 and a credit check, typically completed in just a few minutes or less.
Get an estimate of how much cash you could get now in just a few minutes. 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.
2. Swap Your Mortgage For A Better Mortgage While Interest Rates Are Around All-Time Lows & Potentially Save 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, 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. Find Out How Much You Could Get To Sell Your Home In Just 3 Minutes
You probably have at least considered putting your home on the market. But 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.
4. Help Protect Your Your Family By Leaving Them Up To $8,000,000
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 help 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 very important.
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 Ladder, you can actually lock in your rate. As you age and your health declines, you’ll get to keep paying that same low premium.
Ladder offer’s term life insurance policies starting from as little as $4.95 a month, and you can complete the company’s application in 5 minutes. Ladder is 100% digital for coverage up to $3 million which means no medical exams or filling out paperwork! You’ll simply have to answer a few health questions as part of the online application.
Get your free quote from Ladder today and help ensure your family’s financial future is secure.
$4.95/month pricing is based on 20-year-old female, preferred plus rating with a 10 year term and $100,000 in coverage.
Ladder Insurance Services, LLC (CA license # OK22568; AR license # 3000140372) distributes term life insurance products issued by multiple insurers – for further details see ladderlife.com. All insurance products are governed by the terms set forth in the applicable insurance policy. Each insurer has financial responsibility for its own products.
*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.