Here Are 4 Homeowner Moves To Make While Home Prices Are Sky High

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(We’ve reduced this article from 9 to 4 of the top moves.)

Home prices have been on a wild ride. If you own a home, chances are your home has increased in value and you’ve been wondering how you could cash in.

Existing homeowners are flocking to figure out how they can do that.

We’ve got 4 top money move options for homeowners below. A few involve how you could potentially cash in on the home you own.

Why not find out what some of these can offer you? They might save or make you money.

1. Get Up To $600k Cash For Your Home Without Having To Move (Really!)

brown and white concrete house

Stephen Leonardi on Unsplash

You’ve probably at least considered selling your home to take advantage of this current market. But of course, you might have trouble finding a new home for a reasonable price, or you might just love your current home too much to leave it.

Hometap might be the solution you’ve been looking for. Hometap invests in your home, giving you cash today, in exchange for a percentage share in your home’s future appreciation, allowing you to cash in on your home’s equity and take advantage of the housing boom without needing to move. If you qualify, Hometap will give you up to $600k or 30% of your home’s value in cash. Unlike a loan, there’s no interest, no monthly payments, and no debt.

So what’s the catch? There’s no catch, really. In exchange for its investment, Hometap will share in the profit or loss when you finally decide to sell your home and move out (up to 10 years later). If you decide you want to stay longer than 10 years, you can settle the agreement with Hometap at the end of the term without moving out.

Get an estimate of how much cash you can get now. See if you prequalify for a Hometap investment in less than two minutes. You can use the money however you’d like: make home improvements, fund a child’s education or your retirement, eliminate debt … it’s up to you.

2. Refinance Your Mortgage While Interest Rates Are Around All-Time Lows

house with pool

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Interest rates won’t stay this low forever, which is why it’s important to take advantage and use it to your advantage while you can.

By refinancing, (depending on your mortgage size) you could potentially save thousands of dollars each year on your home payments. Here’s how it works — you find a new home loan that, ideally, has a lower interest rate and better terms, and then use it to replace your current home loan. Sounds simple enough, right?

Because it is. And with LoanDepot, you can check your mortgage refinance rates in just a few clicks!

LoanDepot is the official mortgage provider and proud partner of Major League Baseball.

LoanDepot has funded more than $100 billion in loans since 2010. Their licensed lending officers are held by a strict no steering policy and are not incentivized to sell one loan over another.

After you refinance with LoanDepot once, they’ll waive the lender fees and reimburse appraisal fees on any future refinance with LoanDepot.

Check your mortgage refinance rate from LoanDepot now right here and find out how much you could be saving on your house!

3. Protect Your Home & Your Family By Leaving Them Up To $1,500,000

woman carrying a baby by the street during the day

Sai De Silva on Unsplash

We hate to think about it, but who would make the mortgage payments if something were to happen to you? One of the smartest moves you can make is to protect your family’s financial future. Many people underestimate how much money is needed to provide for their families after they die. This is why life insurance is a must.

The older you are, the more expensive life insurance becomes. And because today is the youngest you’ll ever be, there’s no better time than today to get a life insurance policy.

Plus, with Bestow, you can actually lock in your rate. As you age and your health declines, you’ll get to keep paying that same low premium.

Bestow’s policies start from as little as $16 a month, and you can get a quote in 60 seconds — without providing a medical exam or filling out paperwork!

And with coverage of up to $1.5 million, you can leave your family with a significant amount of money after you pass.

Get your free quote from Bestow today and make sure your family’s future is secure.

4. Find Out How Much You Might Get For Your Home In Less Than 5 Minutes

beige bungalow house

Pixabay on Pexels

Did you know there’s a way you could receive a cash offer within 24 hours without any broker, or any showings?

Offerpad will carefully evaluate your home with local market expertise, and could give you a competitive cash offer within 24 hours. All you need to do is fill out a short, less than 5-minute questionnaire.

If you choose to accept your offer, Offerpad will also provide you with free local moving to your next place. You can also pick your closing day, which could be in as little as 24 hours, or choose to extend your stay to live in your current home a little longer.

Find out what your home’s cash offer is in less than 5 minutes right now.