Alternative Options Explorer

Explore alternatives to selling that might better suit your financial situation

Before deciding to sell your home, consider other options that might be more financially beneficial. Sometimes keeping your property and pursuing alternatives can provide better long-term outcomes.

Use the calculators below to explore different possibilities and compare potential outcomes for each option.

Refinancing

Lower your monthly payments or access cash by refinancing at a better interest rate or extending your loan term.

Current Monthly Payment: $0
New Monthly Payment: $0
Monthly Savings: $0
Advantages
Lower monthly payments, keep your home, potential tax benefits, continue building equity over time.
Considerations
Refinancing costs, qualification requirements, extends debt period, market timing risk.

Home Equity Loan

Access cash for renovations, debt consolidation, or other needs by borrowing against your home's equity.

Available Equity: $0
Maximum Loan Amount: $0
Monthly Payment (if max loan): $0
Advantages
Access to cash without selling, generally lower interest rates, potential tax deductions, fixed payments.
Considerations
Home is collateral, additional monthly payment, fees and closing costs, risk of foreclosure.

Rent Out Your Property

Generate rental income by renting out your property or rooms while maintaining ownership.

Monthly Rental Income: $0
Monthly Expenses: $0
Net Monthly Cash Flow: $0
Advantages
Passive income stream, keep property ownership, potential capital gains, tax benefits available.
Considerations
Landlord responsibilities, vacancy risk, property maintenance, tenant management.

Downsize & Invest

Sell your current home, buy a smaller property, and invest the difference for potentially better returns.

Net Proceeds from Sale: $0
Available for Investment: $0
Annual Investment Income: $0
Advantages
Lower housing costs, diversified investments, reduced maintenance, more liquid assets.
Considerations
Moving costs and stress, investment risk, loss of property upside, transaction costs.