Do you own a home that you hate living in, but choose to stay because your payment is low? If so, you might be wondering what your options are. In this episode, mortgage expert Shivani Peterson NMLS# 866955 discusses the following points: 

• Americans are moving less than at any time since 1948.  What are the possible reasons?
• If you feel trapped in a house you hate because of the super low rate – could you use it as a rental and use the increased cash flow to offset a higher mortgage payment on your new primary?
• How much equity do you have – have you run the numbers on how much of a mortgage you’ll actually need on the other side?  It might be less than you think, given how much equity many homeowners have in their current homes.  That would result in a lesser mortgage payment even if rates are higher.
• Do you want to tap into a HELOC or cash-out refinance to make your home more suitable?

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