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How To Massively Reduce Monthly Home Expenses…

Save hundreds of dollars a month on your mortgage, build equity and have cash to purchase anything you want…

Today’s world has never been seen before.  Ask someone that owned a home in the late 70s and early 80s what their mortgage interest rate was like…

…You will find it was over 10% closer to 20%.  When the pandemic hit the USA government did not want to see a total stock market collapse.  We printed trillions of dollars and provided stimulus packages. 

This was a drop in the bucket of money that was stimulated into the economy compared to what I’m about to share…


We will talk specifically about mortgage rates.  Let me put it into perspective.  

There is $15.8 Trillion in mortgage-backed securities in the USA.

By reducing interest rates from 4% prior to COVID-19 to 2.5% post-COVID-19 we have seen one of the largest stimulus packages of all-time.

Did you get your stimulus mortgage payment?

We have all seen housing prices shoot up.  This is the reason.  It is not people being able to work remotely or people having to do school home. 

It is interest rates.  

Here is how you can take advantage of this once in a lifetime opportunity.  I’m serious this may never happen again.  

#1 – Refinance your home mortgage.  If you are staying in your home for the next 4-7 years you need to refinance.  Even if you are comfortable with your loan payment.  3.5% is a good rate and you might have just refinanced but, you need to do it again.  It is free money that won’t come back.

By the way.  I have a mortgage broker contact that I have used on my last 20 purchases that has the best rates and will save you thousands in fees.  E-mail me for their contact information.

#2 – Refinance your home and do a cash-out.  This means you get a lower rate and possibly the same payment and they will write you a check.  You can cash out up to 80% of your home’s value.  If you have been in your home for over 3 years you can do this. 

Use the money to purchase income-producing property.  Pay off debt or start a business.

I personally would purchase an income-producing property. 

Think about it…

…refinance and lower your mortgage payment.  Take the extra money for a down payment and roll it into an asset that pays you hundreds of dollars a month.   

#3 – Sell your home and purchase a new home at the lowest interest rate in history.  If you are not going to be living at your house for the next 7 years.  Then sell it and cash out all your equity.  Take that equity and put it down on a new home.  Look at new construction or a superior location.  When you move up in housing you go from a seller’s market to a buyer’s market.  You get way more house and far better quality.  If you are downsizing go into new construction and significantly reduce repairs, maintenance, and upkeep.

PS – When you purchase a home you get a better interest rate than when you refinance.  

As always, we are your North Central WA leaders in Real Estate.  If you have any real estate questions e-mail me and we will guide.

Nick McLean
Nick McLean Real Estate Group

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