I hear you, but waiting too long can also mean missing out on building equity sooner. Even with higher rates, refinancing later once your credit improves is always an option. I've seen people successfully navigate that route without too much hassle...
I get your point about refinancing later, but isn't there a risk in banking on that option? Like, what if rates don't drop significantly or your credit doesn't bounce back as quickly as expected? I've heard stories of people stuck with higher payments longer than they planned because refinancing didn't pan out the way they hoped. Maybe putting down a bigger payment upfront could offer more peace of mind than counting on future refinancing...?
Yeah, I've seen that happen more than once. Had a client who was sure he'd refinance in a year or two, but rates stayed stubbornly high and his credit took longer to recover. Ended up pretty stressed. A bigger down payment upfront might be less risky overall...
Been there myself—thought I'd outsmart the market by waiting for rates to drop, but ended up renting way longer than planned (ouch). Honestly, if you can swing a bigger down payment upfront, it takes a lot of stress off your plate. Plus, it's kinda satisfying watching that mortgage balance start lower from day one. But hey, hindsight's always 20/20...
Went through something similar myself—waiting it out can feel endless. If you crunch the numbers, a bigger down payment usually saves more in interest long-term. But either way, you're already thinking strategically, which is half the battle...hang in there.
