[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f2evyb1zi4c0z8":3,"$ffeh0925h8cuz":42,"$fbwk2pqjjqsc7":46},{"item":4,"previous":30,"next":36},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":9,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":28,"updatedAt":29},1540,"how-buyers-can-win-by-downsizing-in-2020","How Buyers Can Win By Downsizing in 2020","Home values have been increasing for \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fnewsroom\u002Fexisting-home-sales-descend-1-7-in-november\">93 consecutive months\u003C\u002Fa>, according to the \u003Cem>National Association of Realtors\u003C\u002Fem>. If you’re a homeowner, particularly one looking to downsize your living space, that’s great news, as you’ve likely built significant \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2020\u002F01\u002F06\u002F3-benefits-to-buying-your-dream-home-this-year\u002F\">equity\u003C\u002Fa> in your home.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F01\u002F17122618\u002F20200122-KCM-Share.jpg","Home values have been increasing for \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fnewsroom\u002Fexisting-home-sales-descend-1-7-in-november\">93 consecutive months\u003C\u002Fa>, according to the \u003Cem>National Association of Realtors\u003C\u002Fem>. If you’re a homeowner, particularly one looking to downsize your living space, that’s great news, as you’ve likely built significant \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2020\u002F01\u002F06\u002F3-benefits-to-buying-your-dream-home-this-year\u002F\">equity\u003C\u002Fa> in your home.\u003C!--more-->\r\n\r\nHere’s some more good news: \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fnewsroom\u002Fexpect-continued-economic-growth-slower-real-estate-price-gains-and-small-chance-for-recession-in\">mortgage rates\u003C\u002Fa> are expected to remain low throughout 2020 at an average of 3.8% for a 30-year fixed-rate loan.\r\n\r\nThe combination of leveraging your growing equity and capitalizing on low rates could make a big difference in your housing plans this year.\r\n\u003Ch4>\u003Cstrong>How to Use Your Home Equity\u003C\u002Fstrong>\u003C\u002Fh4>\r\nFor \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2020\u002F01\u002F14\u002F2020-luxury-market-forecast\u002F\">move-up buyers\u003C\u002Fa>, the typical pattern for building financial stability and wealth through homeownership works this way: you buy a house and gain equity over several years of mortgage payments and price appreciation. You then take that equity from the sale of your house to make a down payment on your next home and repeat the process.\r\n\r\nFor homeowners ready to downsize, home equity can work in a slightly different way. What you choose to do depends in part upon your goals.\r\n\r\nAccording to \u003Ca href=\"https:\u002F\u002Fwww.housingwire.com\u002Farticles\u002Fwhy-are-some-homeowners-downsizing-depends-on-who-you-ask\u002F\">\u003Cem>HousingWire.com\u003C\u002Fem>\u003C\u002Fa>, for some, the desire to downsize may be related to retirement plans or children aging out of the home. Others may be choosing to live in a smaller home to save money or simplify their lifestyle in a space that’s easier to clean and declutter. The reasons can vary greatly and by \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2020\u002F01\u002F07\u002Fbig-demand-for-small-homes\u002F\">generation\u003C\u002Fa>.\r\n\r\nThose who choose to put their equity toward a new home have the opportunity to make a substantial down payment or maybe even to buy their next home in cash. This is incredibly valuable if your goal is to have a minimal mortgage payment or none at all.\r\n\r\nA local real estate professional can help you evaluate your equity and how to use it wisely. If you’re planning to downsize, keep in mind that \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2020\u002F01\u002F02\u002Fthe-2020-real-estate-projections-that-may-surprise-you\u002F\">home prices\u003C\u002Fa> are anticipated to continue rising in 2020, which could influence your choices.\r\n\u003Ch4>\u003Cstrong>The Impact of Low Mortgage Rates\u003C\u002Fstrong>\u003C\u002Fh4>\r\nLow mortgage rates can offset price hikes, so locking in while rates are low will be key. For many downsizing homeowners, a loan with a shorter term is ideal, so the balance can be reduced more quickly.\r\n\r\n\u003Ca href=\"http:\u002F\u002Fwww.freddiemac.com\u002Fpmms\u002F\">Interest rates\u003C\u002Fa> on 10, 15, and 20-year loans are lower than the rates on a 30-year fixed-rate loan. If you’re downsizing your housing costs, you may prefer a shorter-term loan to pay off your home faster. This way, you can save thousands in interest payments over time.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nIf you’re planning a transition into a smaller home, the twin trends of low mortgage rates and rising home equity can kickstart or boost your plans, especially if you’re anticipating retirement soon or just want to live in a smaller home that’s easier to maintain. Let’s get together today to explore your options.","\r\nIf you’re planning a transition into a smaller home, the twin trends of low mortgage rates and rising home equity can kickstart or boost your plans, especially if you’re anticipating retirement soon or just want to live in a smaller home that’s easier to maintain. Let’s get together today to explore your options.",false,[16,20,24],{"id":17,"name":18,"slug":19},5,"For Buyers","buyers",{"id":21,"name":22,"slug":23},34,"Senior Market","senior-market",{"id":25,"name":26,"slug":27},35,"Mortgage Rates","mortgage-rates","2020-01-22T10:00:12Z","2020-03-26T15:22:03Z",{"id":31,"slug":32,"title":33,"featuredImage":34,"publishedAt":35,"contentType":10,"isVideo":14},1539,"the-2-surprising-things-homebuyers-really-want","The 2 Surprising Things Homebuyers Really Want","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F01\u002F17114622\u002F20200121-KCM-Share.jpg","2020-01-21T10:00:42Z",{"id":37,"slug":38,"title":39,"featuredImage":40,"publishedAt":41,"contentType":10,"isVideo":14},1541,"the-1-reason-it-is-difficult-to-find-your-dream-home","The #1 Reason It Is Difficult to Find Your Dream Home","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F01\u002F24114259\u002F20200123-KCM-Share-1.jpg","2020-01-23T10:00:14Z",{"cover":43,"open":44,"shareSpread":45},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[47,51,52,56,60,64,68,72,73,74,78,82,86,90,94,98,102,106,110,114,118,122,126,130,134,138,142,146,150,154],{"id":48,"name":49,"slug":50},1,"Uncategorized","uncategorized",{"id":17,"name":18,"slug":19},{"id":53,"name":54,"slug":55},6,"For Sellers","sellers",{"id":57,"name":58,"slug":59},7,"Foreclosures","foreclosures",{"id":61,"name":62,"slug":63},8,"Infographics","infographics",{"id":65,"name":66,"slug":67},9,"Home Prices","home-prices",{"id":69,"name":70,"slug":71},11,"First-Time Buyers","first-time-buyers",{"id":21,"name":22,"slug":23},{"id":25,"name":26,"slug":27},{"id":75,"name":76,"slug":77},38,"Move-Up","move-up",{"id":79,"name":80,"slug":81},41,"For Sale by Owner","for-sale-by-owner",{"id":83,"name":84,"slug":85},42,"Featured","featured",{"id":87,"name":88,"slug":89},45,"New Construction","new-construction",{"id":91,"name":92,"slug":93},52,"Luxury \u002F Vacation","luxury--vacation",{"id":95,"name":96,"slug":97},53,"Rent vs. Buy","rent-vs-buy",{"id":99,"name":100,"slug":101},80,"Time-sensitive","time-sensitive",{"id":103,"name":104,"slug":105},81,"Outdated","outdated",{"id":107,"name":108,"slug":109},147,"Internal","internal",{"id":111,"name":112,"slug":113},148,"Do Not Autopost","do-not-autopost",{"id":115,"name":116,"slug":117},320,"Inventory","inventory",{"id":119,"name":120,"slug":121},321,"Agent Value","agent-value",{"id":123,"name":124,"slug":125},322,"Affordability","affordability",{"id":127,"name":128,"slug":129},323,"Buying Tips","buying-tips",{"id":131,"name":132,"slug":133},324,"Downsize","downsize",{"id":135,"name":136,"slug":137},325,"Economy","economy",{"id":139,"name":140,"slug":141},326,"Equity","equity",{"id":143,"name":144,"slug":145},327,"Forecasts","forecasts",{"id":147,"name":148,"slug":149},328,"Selling Tips","selling-tips",{"id":151,"name":152,"slug":153},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":155,"name":156,"slug":157},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]