By: Robert A. Hulme - Realtor - Loan Officer
With the 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 home? Should I re-finance my present home? Should I rent out my present home and Upgrade to a new home?
The scenario I see quite often these days is the later. Many of my 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 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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