Why Refi During Next Market Correction??

[Dustin Sanders]

Hey BP,

Like many of you, I have been reading religiously about where the market currently is, the upcoming market trends,  & a potential market correction. A market correction maybe happening within 2-3 years or maybe it'll in 3-5 years. I've been seeing market corrections that people predict are catastrophic and many others who say it'll only be down 10-15%, who knows.

I also read a couple of articles with real estate "market experts" mentioning they would advise homebuyers/investors to purchase properties anyway they can now just to get in the game (without being overleveraged) and then refi once there is a market correction.

My question is, why would I refi during the next market correction? I already have interest rates that are sub 4% which compared to the 80s & 90s are pretty competitive. I understand rates will come down though so will my equity. Make it make sense please!

Thanks,

Dustin