Money Rehab with Nicole Lapin How to Use Your Budget Now to Meet Your Future Financial Goals
Apr 29, 2025
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Sarah's Real Estate Journey
- Sarah and her husband own two houses but are renting both out while living in California.
- They face a dilemma over buying a third house later when interest rates drop, managing concerns about mortgages and debt.
Adjusting to New Interest Rates
- The era of ultra-low interest rates has ended and rates like 4-5% are now seen as good deals.
- Chasing historic low rates is unrealistic, making buyers adjust expectations on mortgage costs.
Mortgage Buy-Down & Saving Tips
- Consider using a 2-1 buy-down where sellers subsidize your mortgage interest for the first two years.
- Prioritize saving for a down payment over increasing debt through new loans or HELOCs for comfort and stability.