The Heath Barnes Show

Mortgages Reimagined

with your host, Heath Barnes

Mortgage Insider Reveals Why Now May Be The Best Time Ever to Buy a Home

With interest rates at a current high and the market cooling down, buying a home has never been more advantageous. It may seem counterintuitive to buy a home when interest rates are high, but hear me out. 

By purchasing a home now, you’ll be locking in that interest rate for the life of your mortgage if they continue to go up. However, as interest rates come down over time (as they inevitably will), you’ll be able to refinance your mortgage to lock in a better rate. This means that you’ll be saving money on your monthly mortgage payments, which you can then put towards other investments or build up your savings. And over time, the value of the property will continue to increase as it historically has continued to do (see chart).

Take a look at the average price of property values across the United States:

The housing market is beginning to level out. With demand easing and supply increasing, you won’t have to worry about getting into a bidding war with other potential buyers, like you may have had to do just a few years ago. People were paying premiums to get their houses between 2020-2022

Here is an example of why now is a great time to buy. If someone has $25K in the bank today, based on current inflation in one year it will be worth about $22,500. But, if that person were to take that $25k and purchase a home for $500K with $25K down, that home would be worth $550K in 1 year based on current trends. So over one year instead of losing money, that person would beat inflation while building equity in the home with the price of the home rising over time.

If we look at the last couple of years, rents have gone up, home prices have gone up, and interest rates have gone up. One of the best ways to hedge against the current rise in prices of everything is to own something that will rise in price with it.

But one of the biggest reasons why now is the right time to buy a home is the potential for generational wealth. Studies have shown that owning a home can be one of the most effective ways to build wealth over time. As your home increases in value, so does your net worth. You can even begin looking at leveraging multiple homes over time to create a compounding wealth-building strategy, which I have had the privilege of doing for hundreds of people over the last two decades.

Of course, buying a home is no small feat. It requires careful planning, a solid financial foundation, and working with the right people. But if you’re ready to take that next step and become a homeowner for the first time or buy another home, then now is the time to start exploring your options. I can certainly help you with the process.

You may think that you can’t afford it, but you’d be surprised at how much buying power you really have. There are plenty of resources and tools available to help you determine your budget, find the right home, and secure your mortgage out there. My clients get everything they need to make the process easy.

So there are 3 easy no-brainer reasons to say yes to buying a home right now. 

  1. Build your wealth. 
  2. Save on taxes. 
  3. Beat inflation and loss of value.

Don’t wait any longer. The opportunity to own your dream home, create cashflow, retire in less than 5 years, and build generational wealth is right in front of you. Take advantage of the current market conditions and start your journey towards getting that home. You’ll be glad you did.

If you are ready to kiss your landlord goodbye and become a proud homeowner… Or maybe you’re ready to own a second, third, or fourth home to build that generational wealth, create cashflow properties, or retire early, then you need to schedule a New Client Consultation Zoom call today. Click the link to get started. It’s a free consultation call and I don’t bite. Don’t miss out on the opportunity to build equity and create generational wealth. Act now before this opportunity window in the current market closes, interest rates begin dropping, and home prices skyrocket.