As the U.S. housing market experiences significant shifts in 2024, new opportunities are emerging for both homebuyers and homeowners. The market, which once faced tight inventory and skyrocketing prices, has now seen a notable increase in available homes for sale, giving buyers more options and leverage than in recent years. At Prime Choice Funding, we are here to help you make the most of these changes, whether you’re purchasing a new home, refinancing, or tapping into your home’s equity.

More Inventory, More Choices for Buyers

In 2022, homebuyers struggled to find available properties as inventory was scarce, with only around 350,000 homes on the market. However, by 2024, the housing inventory has surged to approximately 910,000 homes, thanks in part to new construction. This increase provides prospective buyers with more options and better negotiating power, as sellers are now more willing to make concessions, including price reductions and covering closing costs.

For buyers, this shift represents a perfect time to enter the market, especially as homes are spending longer on the market, allowing for more flexibility in making offers. At Prime Choice Funding, we specialize in helping you find the right mortgage, with competitive rates and fast approvals, so you can take advantage of this increased inventory and secure your dream home.

Ready to find your dream home?
Get started today or call us at 877-787-7463.

Tapping Into Rising Home Equity

Homeowners, this is also your moment. Rising home values mean that many homeowners have built significant equity in their properties. According to CoreLogic, the average U.S. homeowner gained over $34,000 in equity in the past year alone. Whether you’re considering a home renovation, consolidating high-interest debt, or simply accessing cash for life’s milestones, a Home Equity Loan (HELOAN) or Home Equity Line of Credit (HELOC) from Prime Choice Funding can help you unlock your home’s value.

Even though housing prices have moderated, the overall value of homes continues to rise. Now is an excellent time to explore your options for accessing that equity with flexible terms and competitive rates.

Refinance for Better Terms or Cash-Out

For homeowners not looking to sell but interested in reducing monthly payments or accessing cash, refinancing is a smart option. You can refinance your mortgage to lower your rate, reduce your term, or opt for cash-out refinancing to tap into your home’s equity for other financial goals. At Prime Choice Funding, we offer tailored refinance solutions to fit your needs, ensuring you get favorable terms.

Explore refinancing options today
Click here or call us at 877-787-7463.

Navigating Interest Rates in 2024

While interest rates have been higher in recent months, rates are now improving, creating new opportunities for both buyers and homeowners looking to refinance. According to Freddie Mac, 30-year mortgage rates have shown signs of stabilizing and are expected to improve in the coming months. By working with Prime Choice Funding, you can explore different mortgage and refinancing options tailored to your financial goals.

Why Choose Prime Choice Funding?

At Prime Choice Funding, we’ve been serving homeowners and helping them achieve their financial goals since 2007. Here’s why you should choose us:

• Fast approvals to help you secure your home or refinance quickly.
• Nationwide Network: We shop your loan across a vast network of wholesale lenders to find competitive terms that are tailored to your financial situation.
• Personalized, Streamlined Service: From application to closing, our dedicated team ensures a smooth, efficient process tailored to your unique needs, saving you time and ensuring peace of mind.
• No Upfront Fees: Explore your options with zero upfront costs, making it easy to find the right loan without commitment.

With over 15 years of experience serving homeowners, we’re committed to making the process seamless, so you can focus on achieving your homeownership and financial goals.

Ready to Make the Most of the Market?

Whether you’re in the market to buy a home, explore your refinancing options, or tap into your home’s equity, now is the time to act. Prime Choice Funding is ready to help you take the next step with confidence. Click Here to Get Started or call us at 877-787-7463 to speak with one of our loan experts today.