7 Surprising Moves Homeowners Should Make While Prices Are Sky High

Last updated July 25, 2022 | By FinanceBuzz Editors

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The housing market is crazy right now. Home prices are sky-high. But if you're on a fixed income, have a tight budget, and need extra cash, then you can use this all to your advantage.

Take advantage of these 7 moves before 2022 to pull cash out of your home without a loan, pay zero interest on purchases, and save money on your mortgage ASAP. 

Cancel your car insurance

We've got bad news. You could be wasting $500 every year on overpriced, second-rate car insurance. And you should probably cancel your existing insurance right now, because there's something much better.

This new tool from FinanceBuzz can tell you if you're overpaying for your car insurance in just a few clicks. On average, we find around $500 a year in savings for drivers. And once you try it out, you'll never have to look for affordable insurance again because we find you the lowest rates that other companies can't match.

Oh, and it's also free. And come on — you can't tell us you don't want to save up to $500. To find out if you're losing up to $500 or more a year, just enter your zip code here, answer a few questions and see if you're overpaying. It takes less than 2 minutes.

See if you're overpaying

Prepare for market volatility by diversifying in gold

Stock market volatility can be financially damaging, especially as you near retirement. You could move your investments into a savings account, but have you seen interest rates lately? Another option to consider — diversify with gold.

Gold values are inversely correlated with the stock market and the dollar. When one goes down, the other usually goes up. If you want to protect your retirement funds, having diversified investments may be able to help you weather market swings.

Gold Alliance is a reputable precious metals dealer that specializes in precious metals IRAs. They make it simple to transfer funds from your current retirement account (like a 401(k) or IRA) into a precious metal IRA — with no taxes or penalties.

Gold Alliance offers a free gold information kit to help you learn more about why gold and silver could be a smart choice for diversifying your portfolio, and how the process works. 

Get your free guide now

Ditch your mortgage lender

Yep, we said it. If you want to save a ton of money next month — $100, $200, $500 — you should ditch your current mortgage right now.

Our new tool will help you compare mortgage offers and rates and could help you simplify refinancing your mortgage. Which means you could slash your interest rate, lower your monthly mortgage payments and even build equity in your home faster… all so you can save money and free up breathing room in your budget.

You could even take advantage of a cash out refinance for massive savings. The money you get could help you crush your high-interest debt for good. Or you could take advantage of that potentially lucrative investment opportunity that you now have the cash for. The possibilities are endless, but you’d be crazy not to see how much you can get just by refinancing.

See how low your rate and payment could be

Get out of $10,000 or more in debt

If you have a lot of debt, getting out of it can feel stressful (and nearly impossible). Here’s the problem: the longer you put off tackling it, the harder it gets to fix. If you don’t take control of it early on, it can add undue stress to your life for years. But what if there was a way to get out of debt once and for all?

National Debt Relief could help. If you have more than $10,000 in debt from credit cards, medical bills, collections, or personal loans, their representatives might be able to assist you in consolidating your debt into one low monthly payment.

Best of all? There are zero fees until your debt is resolved, and you could be debt-free in 24-48 months. To get started, just answer a few simple questions. It only takes 30 seconds to see if you qualify!

Try National Debt Relief

Sell your home for cash in as little as 7 days

Selling your home can be a huge headache. You have to prep and stage everything, set up open houses and showings, and then painstakingly wait — sometimes for weeks or months — for offers to come in. The process can take so long that it can feel like you won’t sell at all.

Simple Sale from HomeLight could fix that. They help you sell your home as-is for cash, and you could get your money in as little as 7 days — all without the hassle that normally comes with selling your home.

To get started, just answer a few simple questions about your home, and HomeLight will connect you with qualified cash buyers. HomeLight even handles all the buyer-side costs and paperwork, and you get to choose a move-out date that works for you.

Get an offer for your home

Bonus: Pocket $750 Toward Your Next Vacation

There are a lot of reasons the Chase Sapphire Preferred credit card is considered one of the best travel cards available, but the current 60,000 point sign-up bonus makes it a must-have for any traveler. That huge sign-up bonus is worth $750.00 when redeemed for travel through Chase Ultimate Rewards. 

Plus, you can turn all your spending into even more rewards that you can use for a much-needed vacation. Earn 5X points on Lyft rides and travel booked through Chase Ultimate Rewards; 3X points on eligible dining, select streaming services, and online grocery purchases; 2X points on travel; and 1X points per $1 on all other eligible purchases.

The Chase Sapphire Preferred offers other amazing ongoing benefits including complimentary insurance coverage like baggage delay insurance, trip cancellation insurance, trip interruption insurance, and primary auto rental collision damage waivers. 

Now, back to that killer bonus: don't forget you can earn 60,000 points after spending $4,000 on purchases in the first 3 months!

Learn more about the benefits of this card

Hometap Benefits

  • Alternative to traditional home equity loans
  • No loans or monthly payments
  • Pay off debt or fund renovations
  • Free home estimate