Selling or refinance your home is always a significant decision for every homeowner at some point during our life. The choice you make today can bear a huge impact on your financial outlook in the future. Therefore, it is wise to examine all available options carefully. If you are facing this dilemma and wondering if you should sell your house in Augusta or refinance, follow through this article to know what options are best for you.
Space
Rarely we have things in life that don’t change, and your need for living space is not an exception. May be you had a big family a few years ago and would need a four or five bedroom house. But now that some family members have moved out, the extra space in the house suddenly seems very little appealing since you still need to upkeep a bigger house than you absolutely have to. In this situation, selling your existing primary residence and downsizing to a smaller house is a sound financial path. On the other hand, you may have been single when you purchase your cottage, and now with a spouse and kids, your family probably outgrow the house. If this is true, you should consider refinancing and take the extra funding to add more square footage for additional bedrooms and bathroom to the property. However, not everyone can handle the stress and time-consuming aspects of living in an active construction zone. when deciding if you should sell your house in Augusta or refinance, you have to ask yourself and your family if you can tolerate the remodeling period.
Finances
Things happen all the time. No one’s life is going to be perfect and without rainy days. You may have forces beyond your control that influence the financial health of your family. This certainly influence whether or not you should sell your house in Augusta or refinance. If your emergency fund dries up and you have a big mandatory expense coming up, you may have no choice but to do a cash-out refinance to get some immediate cash. When you refinance, your lender will carefully look at your income, credit history, and debt to income ratio. The lender scrutinize your financial circumstance just like if you are to buy a new house. Also definitely ask your lender about all the fees and costs associate with the refinance. This can sometime cost thousands of dollars, which decrease the amount of cash-back you will receive at closing. After you successfully refinance, beside you receive a decent chunk of cash, your mortgage payment will also go up. So really pay close attention to the new mortgage amount so that it does not wreck your budget and make you miss your mortgage payments. In the event that you cannot afford your mortgage payment anymore and are risk facing foreclosure, please reach out to professional house buyers for help. Don’t stick your head in the sand and pretend that all the problems will go away. Direct professional buyer like HBI Home Solutions will buy your Augusta house fast and will help you avoid foreclosure. You even walk away with some money after the sale; compared that to a foreclosure where you will lose your house to the bank and have your credit destroyed for years.
HBI Home Solutions
If you are trying to decide if you should sell your house in Augusta or refinance, the experts at HBI Home Solutions take the time to listen to your concerns and answer any questions with no obligation. At HBI Home Solutions, our professional buyers have years of experience to help guide you in knocking down hurdles that homeowners just like you face every day; why not find out how a direct sale to HBI Home Solutions could be the solution to your problems? At HBI Home Solutions, we are your neighbors, and our goal is to help you make the best choice for your situation. At HBI Home Solutions, we want you to feel good about the deal long afterward, so we detail how much you would profit by listing your home on the Augusta market details of our offer, which you’ll agree is fair. Working with a professional buyer from [compay] on the direct sale of your home means no worries about repairs or commissions, or hidden fees in our straightforward contract. Contact HBI Home Solutions at (706) 389-5419.