What To Know About Credit Scores Before Buying a HomeIf you want to buy a home, you should know your credit score is a critical piece of the puzzle when it comes to qualifying for a
Don't delay your homeownership plans.
Dated: July 17 2022
Views: 119
Don't Let Rising Inflation Delay Your Homeownership Plans.
If headlines of recent inflation are making you wonder if it's
still a good time to buy a home,
here's what the experts have to say.
Housing is an Asset That Typically Grows in Value
"If you have cash and are expecting inflation, you want to think through where you can
put your money so it does not lose value. Housing is commonly looked at as a good
inflation hedge..."
Ali Wolf
Cheif Economist, Zonda
Your Mortage Helps Stabilize Your Monthly Housing Costs
"A fixed-rate mortgage allows you to maintain the biggesst portion of
housing expenses at the same payment. Sure, property taxes will rise
and other expenses may creep up, but your monthly housing payment remains
the same. That's certainly not the case if you are renting."
James Royal
Senior Wealth Management Reporter, Bankrate
Buying Protects You From Rising Rents
"Homeowners are shielded from mounting rental prices because their cost is fixed,
regardless of what's happening in the market...Tangible assets like real estate
get more valuable over time, which makes buying a home a good way to spend your money
during inflationary times."
Natalie Campisi
Advisor Staff, Forbes
We are not attacking renters here, we understand that sometimes renting is a easier
and better choice for people due to their lifes needs. We have people coming into and out
of our market all the time that are here for a limited time and it might just make more
sense for them to rent for a year or two, we get that.
If you are on the fence and what to get more information about home ownership and how
it historically is a good hedge against inflation, Let's Connect. We are here to help
with the homebuying process.
Sources: Bankrate, Forbes
Travis Hiatt
Travis Hiatt is the broker/owner of NextHome Beyond in North Liberty, IA, serving the Iowa City and Cedar Rapids metro areas. Since obtaining his real estate license in 2003 and his broker's license i....
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
