Should You Keep Your 3% Mortgage Rate? Charleston Buy & Sell Calculator [WMaoA8pwnF9]
If you're a Charleston homeowner with a 3% mortgage rate, moving up doesn't automatically cost more than staying put once you factor in your equity, debts, and today's home values. In this video, Brett Kelley of The Treat Team walks through our free Buying & Selling at the Same Time calculator step-by-step, comparing your current home to your next home so you can see the real numbers side by side. Try the calculator yourself here: CHAPTERS 00:00 Introduction 00:10 Reasons Homeowners Consider Moving 06:50 Stay vs. Move: Comparing the Trade-Offs 09:37 Calculator Walkthrough (Steps 1-6) 17:17 Final Results & Equity Comparison COMMON QUESTIONS Should I sell my house if I have a 3% mortgage rate? Not necessarily. It depends on your home equity, remaining debts, and how your new monthly payment changes once you factor in proceeds from your sale. This video shows how to run the numbers for your own situation. Is it a bad idea to move up when mortgage rates are higher than my current rate? Not always. Many Charleston homeowners use their built-up equity to pay off other debts, like a car payment or credit cards, and end up with a similar or even lower monthly payment despite a higher rate. How do I compare staying vs. moving up for my own home? Use the free Buying & Selling at the Same Time calculator linked above, or reach out to Brett Kelley and The Treat Team for a personalized breakdown of your options. About Brett Kelley & The Treat Team: Brett is a Realtor with The Treat Team, helping Charleston, SC homeowners and buyers make confident, numbers-based decisions about when to sell and when to move up. #CharlestonRealEstate #3PercentMortgage #TheTreatTeam