New to investing, need advice
Hi everyone, my wife and I want to refinance/heloc our primary property and hold on to the funds to see if property prices/interest rates go down more. Is that a good idea? Or should we just buy now?
Most Popular Reply
Hi @Kevin Nieves- I always recommend that people buy now. Make the market work for you! For example in my market there are way more opportunities to get a lower purchase price right now. Yes, the rates are high. Everyone I talk to that is buying is looking to refinance in the next 24 months.
Also, for reference I was waiting for prices to, "Go down more" at the start of COVID and look where we are now:)
The best time to buy real estate is yesterday!