76. How to Know if You Should Refinance or Sell Your House in South Saint Paul MN

We Buy Houses in South Saint Paul

Many people are strongly attached to their homes. As a result, despite changes in their life, they may find it problematic to make the decision to sell. You may also find it difficult to decide on whether to sell, or not, because of the hassles that are included in the traditional sale process. If this is the case, consider selling to us here at FastPath Home Buyers. We buy houses in South Saint Paul, and throughout the greater state of Minneapolis. Above all else, our main goal is to help local home sellers sell their houses quickly, and without incident. If the thought of selling your house traditionally (with an agent) is putting you off, but you’ve decided that its time to move forward, consider reaching out to us. Here at FastPath, we’ll do all the work and ensure that your sale experience remains easy and hassle free. In addition, we Buy Houses in Cash, we accept houses “as-is” (meaning in any condition. No cleaning! No repairs!), and we close quickly (usually within 7 days). So Calls us at (612) 351-2384, or fill out a short form to receive an all cash offer today!

Are you considering remodeling. Or are you wondering if you should sell your house instead. If so, we can help you answer this question. In this blog, we will discuss how to know if you should refinance or sell your house in South Saint Paul.

Too Much Space

When you’ve lived in a house for a long time, it can sometimes be very difficult to let go. However, if you are ready to move into your golden years, selling your house in South Saint Paul may be the best option for you. In this instance, it could be time to downsize. If the kids have all left home and you find yourself with a large house you can no longer be happy in, moving to a smaller more cozy alternative could be the perfect option. If you sell, you will then be able to find a home better suited to your needs.

However, if moving to a new house does not appeal to you, many retired couples find living in a retirement community extremely appealing. This is typically due to the enjoyable lifestyle and amenities that these communities provide.

Maintaining First Mortgage

In order to qualify for a refinancing on your mortgage, the bank will require you to meet stringent credit criteria. As such, refinancing might not always be an option. For those that are considering refinancing because of financial distress, selling your house instead could benefit you greatly in the long run. This is especially important if your struggling to meet your current mortgage payments, or if you have a poorer credit score.

If you have not lived in your house long enough to build a large equity and the new loan total is more than 80% of the current market value for your property, you will likely have to add private mortgage insurance payments. In general, this fee is added to your loan payments until your balance falls below the 80% mark. This is something that you should remain aware of, when you consider refinancing your mortgage under financial constraints.


Mortgage payments can become extremely difficult to meet over time, especially if your financial situation changes. Maybe you’ve suffered a job loss, or your experiencing added bills that need to be payed. For whatever reason, if you are already having trouble making your mortgage payments at this time, it may be best to sell your house in South Saint Paul. By selling the property before any foreclosure proceedings begin, you can relieve yourself of any future stress and avoid unfavorable marks on your credit report.

Sell to FastPath

If you’d like to avoid any kind of expenses and fees, making a direct sell to FastPath Home Buyers may be the best solution for you. How you sell your home could mean the difference between catastrophic loss and salvaging your financial future. FastPath Home Buyers provides you with a guaranteed sale and a quick closing date. We also provides you with a simple, straightforward process. At FastPath Home Buyers, we take the time to listen. Our goal is to meet the needs of your circumstances and help answer any questions or concerns you may have about what is right for your situation! If you’d like to learn more about whether you should refinance or sell your house in South Saint Paul? Call FastPath Home Buyers at (612) 351-2384 or send us a message to learn more about what we can offer you!