Due to the pandemic, the housing market is still booming. Demand for homes is up, turnaround time is short and prices are high. More than likely, your home is worth more than you think. You may be looking at all your options and wondering if there’s a way you can benefit from the current environment. While selling and refinancing are both excellent options when your home’s value has increased, what you choose depends on several factors. Let’s take a comprehensive look at both so you can make a sound decision moving forward.


The first thing you should consider is whether or not you’re ready to make a move. If you prefer staying in your home for the time being, refinancing may be the better option. However, if you do feel like you want to make a change, selling could be more financially rewarding. With refinancing, you usually have to pay closing costs, and these will limit your profit margin. Maybe you have been making timely payments on your mortgage and increasing your home’s equity. Perhaps you have updated and remodeled your home, further upping its value. With the combination of these elements and the current trends, it may be the perfect time for you to sell.

With that being said, keep in mind that hunting for a new home after you sell could prove to be tricky. There is a lot of competition out there right now, and while you can increase your net worth by selling and taking advantage of this climate, you may also have to pay more to purchase a home on the flip side.


Selling your home is a commitment, one that involves making sure your home is in tip-top condition, seeking out an agent, and taking time to find a new home. Maybe you aren’t entirely sure if you’re ready to take on these additional obligations or you don’t even know if you want to sell. In that case, refinancing could provide an alternative way to benefit when your home’s value has gone up.

If you choose refinancing with a new loan as opposed to selling, that means you could receive a longer or shorter mortgage term or a lower interest rate. You could also choose a fixed-rate loan if you would prefer predictable payments that stay the same month to month. Otherwise, an adjustable-rate mortgage is also an option. By this point, you’ve had some experience paying on your mortgage and you know what might work better for you in the long run. Having the opportunity to change up your circumstances will vastly alter and improve your financial outlook. You could also take a cash-out refinance, adding to the principal balance and cashing out a specific amount if you’d like to pay off any credit card debt or complete a kitchen remodel, for instance. The one thing you want to keep in mind is that in order to refinance, your home will need to be appraised and you should be in good financial standing.

How Golden Lenders Can Help

Golden Lenders helps home buyers in Colorado, Florida and California understand the different types of mortgages that are available and provides loans to help people achieve the dream of homeownership. Since the specifics of which mortgage to choose is dependent on a variety of factors, we encourage you to call us for more information and find out which is right for you. Our number is (303) 482-2361, or you can send us a message.