Refinance or Upgrade your Utah County Home
With the Utah County Real Estate market going through all the changes it is presently going through, many new questions start to come up. Should I buy a new Utah County Home? Should I re-finance my present Utah County Home? Should I rent out my present Utah County Home and Upgrade to a new Utah County Home?
The scenario I see quite often these days is the later. Many of my Utah County Home Buyers are looking into renting their present home due to the high demand that there is for rentals. Once they find a good qualified renter, the next step is to take advantage of the great deals available on new Utah County Homes and the low interest rates that make it possible to upgrade and keep their payment reasonable.
The re-finance scenario is more difficult to accomplish, due to the decline in the home values and the loan to value ratio not working to the lender's satisfaction.
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