Should you buy now or wait for a better rate or price? Nobody can predict either, so this lets you test your own guesses and see what waiting changes in the payment, the cash and the rent.
Buy Now or Wait? What Waiting Changes
See how waiting a few months could change the payment, the cash you need and the rent you pay, using your own guesses about rates and prices.
Want this as a personal plan?
Send this estimate to Rudy and he will follow up with a personalized version, no pressure.
Talk to a lender. Rates, loan programs and approvals come from lenders, not from websites or real estate agents. Talk to your own mortgage broker, or use our preferred lender, Point Mortgage Corporation (NMLS #231073), at (619) 475-4095. You are always free to choose any lender you like, and you can verify any lender’s license at nmlsconsumeraccess.org.
This is an estimate for planning. It is not a quote, an appraisal, a loan offer, or tax or legal advice, and Rudy is a real estate agent, not a lender or tax professional.
How to use it
- Run three cases: rates and prices flat, a lower rate with a higher price, and a higher rate with a lower price. The answer changes a lot with your guesses.
- Remember that you can often refinance later if rates fall, but you cannot go back and buy at today's price.
- A lender can give you real numbers today, and a good one will not pressure you either way.