Dan Hubrich of Mountain View Mortgage is back and this month he’s explaining how to use inflation to your advantage in this real estate market.

This month I’d like to talk about inflation. Unfortunately it’s a reality we are all dealing with right now. However there is a silver lining and not only can you offset the negative affects of inflation, but you can actually prosper from it! The other thing that’s experiencing inflation right now is REAL ESTATE! Prices are still going up and it’s still a very strong sellers market with many more buyers than sellers. Utah is one of the best economies in the nation and businesses and individuals continue to flock here in droves. This will continue pushing prices up. 

So…if you haven’t purchased a home yet, you should definitely at least know what your options are. Did you know that with as low as a 620 credit score and a 2 year job history, chances are you’ll qualify for a zero down purchase? Rents are also going up right now so why not lock in your payment and start building your own wealth instead of your landlord’s? What if you already own a home? Why not buy a 2nd home or a rental property? It’s easier than you think! With all of the recent price increases, most people have a LOT of equity right now. Did you know that you can get a no-cost home equity line of credit and then that money can immediately be used as your down payment on another home? We can also do a rent analysis on the new home and add the potential rent to your income which makes it super easy to qualify! I’ve been a real estate investor for over 20 years and I have a lot of other strategies I can teach you. 

The bottom line is that it never hurts to see what your options are. Give me a call and I’d love to strategize with you on how you can use available loan products to help build your real estate portfolio and wealth.