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.
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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.