You Could Use Some of Your Equity To Give Your Children the Gift of Home
As a homeowner, your equity has grown over time—and it could be a powerful tool to help change your child’s future.
February 18, 2025
Adjustable-rate mortgages (ARMs) can offer lower upfront payments. That’s why more buyers are giving them a second look these days.
But with an ARM, once the fixed period ends, your rate can change – which means your monthly payment will too. And there’s a chance it goes up. So, you need to be financially prepared for that.
And just in case the 2008 crash comes to mind when you think of ARMs, know this: today’s ARMs are different. Lending standards are tighter now.
If you think an ARM might be right for you, make sure to talk with a lender to understand your options and assess your risk tolerance.
#AdjustableRateMortgage #Homebuying #KeepingCurrentMatters
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As a homeowner, your equity has grown over time—and it could be a powerful tool to help change your child’s future.
Keeping a low mortgage rate feels smart – until it starts holding you back.
Because here’s the thing you may not realize. Rates aren’t expected to fall as much as you want them to.
If you have a 3% mortgage rate, you’re probably pretty hesitant to let that go. And even if you’ve toyed with the idea of moving, this nagging thought may be holding you back: “why would I give that up?”