You have probably noticed that the housing market has exploded in January 2021 across the GTA and? Durham Region and has sprawled out to Northumberland, Quinte and the Kawarthas. Prices have increased by an enormous amount and if you are ready to downsize or retire and move far, far away then you are able to cash out and take advantage of this exploded market. However, if you are content with your home and now is not the time to move, there are still ways for you to take advantage of these current high house values and super low-interest rates.
Perhaps now is the time to do that major renovation that you have always wanted to do such as a new kitchen or a landscaped yard. Or maybe you would like to take some equity out to pay off other loans with higher interest rates and thus reducing your monthly bills. Another good reason to refinance your home is to purchase that vacation property that you have always dreamed about or maybe you prefer to invest in a rental property. Whatever the reason, now is a perfect time to talk to your lender about refinancing. Home values are high and interest rates are low.
If you need help finding a good lender or a designer or tradesperson to do that reno or if you need a knowledgeable Realtor who can help find you that investment or vacation property contact us at All About Homes and we will be happy to put you in touch with some amazing professionals.