Blog Stories Time to refinance or purchase?

Time to refinance or purchase?

By Brandon Buchanan, March 9, 2020

Interest rates are at an all time low right now! If you own your home and have an interest rate higher than 4% it may be worth your time and effort to look into refinancing your current mortgage. I am currently in the process of refinancing my home from a 30yr loan to a 15yr loan.. I was able to secure a 15 year fixed rate loan BELOW 3% and will only be paying $200 more per month than I was on my current 30yr loan. This will save me over 100k in interest payments over the life of my loan.

If you do not own a home and have been thinking about it, now be the your best chance to afford that house you’ve been eyeing. When you compare mortgage rates from a year ago to now it essentially means you can afford 10% more of a home for the same payment if you bought last year…

I am happy to chat with you further in person or put you in touch with a mortgage broker to see if now is the best time to make a move or refinance your current home….

Brandon Buchanan

Principal Broker

As a Portland native and full-time Real Estate Broker since 2006 I have seen the city develop and change so much! I have helped hundreds of families buy and sell homes. I have the experience and local know-how to help you make the best possible decisions. I love the real estate business and find success through open communication, a good sense of humor and being accessible to your needs. There are so many questions to answer – How is the market? When do I buy? Where do I buy? When should I sell? How do I sell? Give me a chance – sit down with me, I’m happy to get to know you better and answer these questions in a way that is tailored to you. There is a home for everyone, and I would be delighted to help you find yours. Prior to my real estate career, I followed my curiosities about life and lived out some amazing memories. From commercial fishing in Alaska, deckhand work at a marina in Florida, to bartending in Aspen, my love of travel and meeting new people has never ceased. These experiences have shaped who I am today; I bring the skills I’ve learned, the ability to connect with people of all backgrounds, and some incredible stories to every transaction. My clients always come first, but if I am not working you could find me coaching my son’s basketball team, golfing, snowboarding, camping, gardening, or somewhere sunny and warm near the beach. Portland, Oregon is a one-of-a-kind place and establishing roots here is one of the greatest privileges. I am truly passionate about this area and once you go on this journey with me, I’m sure you will fall in love and will want to put down roots here, too. I’d love to earn your business, so call me today!
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