ERIC HAMILTONMORTGAGES REIMAGINEDStart my application

YOUR MORTGAGE, EXPLAINED

Compare a lower future rate with a different future home price

The video raises a useful tradeoff: a lower interest rate does not necessarily create a lower payment if the purchase price also changes. A responsible comparison treats both variables as uncertain.

By Eric Hamilton · Published October 7, 2026

Originally uploaded September 5, 2023 · 0:59 · Watch on YouTube

Written companion added October 7, 2026. Adapted from Eric’s video captions with source checks; not a word for word transcript. The recording retains its original date.

Change more than one input

Instead of comparing today’s home at today’s rate with the same home at an assumed lower rate, test different prices and down payments too. A larger loan can offset part of the benefit of a lower rate. Conversely, a lower price or stronger savings position could improve a later purchase. The point is to compare complete scenarios rather than one attractive number.

Avoid building certainty into the forecast

The recording describes appreciation and refinancing in optimistic terms. Future home prices do not have to rise, and refinancing later is not assured. A later refinance would require acceptable terms, qualification and a cost review. Your initial mortgage needs to work on its own without depending on either outcome.

Let the payment and timeline guide the choice

The clip’s strongest qualification is that the payment should fit your comfort level and longer term goals. Include cash left after closing and how long you expect to stay. If waiting allows you to build reserves or clarify a move, that can have value too. Ask for a side-by-side comparison that makes assumptions visible, then choose the plan you can reasonably sustain.

Will waiting always make the house more expensive?

No. Future prices are uncertain and vary by property and market.

What should a buy-now versus wait comparison include?

Price, rate, loan amount, complete payment, cash required, reserves and the assumptions about future changes.

Sources and scope

Companion to the video published 2023-09-05. Original examples and market observations describe that recording, not current offers or forecasts.

  1. CFPB: Compare loan offers Accessed October 6, 2026
  2. CFPB: Assess your spending Accessed October 6, 2026

General education, not a loan quote, approval or an individual recommendation. Ask the appropriate professional about your situation.

KEEP LEARNING

Your next questions

How do I know when waiting to buy is the smarter move?

Waiting can make sense if buying would empty your accessible savings, strain your monthly budget or depend on a change that has not happened. Compare what waiting could improve with its real costs and uncertainties. A good plan can lead to renting longer while you prepare, rather than forcing a purchase now.

Read the answer

A 90-day homebuying goal starts with preparation

Use the video's five steps as a preparation sequence: review finances, choose a comfortable budget, assemble your team, understand the local market and explain why buying fits your plans.

Read the answer

Seller Credits and Mortgage Buydowns: Options for Higher Rates

A rate being historically familiar does not make the payment comfortable. In this video, Eric explains why buyers should compare a seller credit, discount points and a temporary buydown before making an offer.

Read the answer

Buying Your First Home With Debt: Build a Comfortable Payment Plan

Eric’s December 18, 2025 video looks at why a higher salary can still leave a first-time buyer feeling stretched. Monthly debt commitments can absorb the income that might otherwise support a home. Prices, rates, savings and family responsibilities also matter.

Read the answer

Browse the answer library · Read Eric’s blog · Watch the video library