On this episode of the Loans Elevated Podcast, Broch talks about the cost of waiting and just how costly it can be.
Real estate should be viewed as a long term investment and it’s not something which the market can be timed on, despite rates being at a high right now. Broch runs us through his calculations which finds that a $600k purchase price, with 20% down would be $2650/month. Data from April 2022 suggests that anticipates Saltlake metropolitan area will appreciate by 15.8%, meaning the same $600k property $694,800, meaning you would pay $2535/month, if the rates slid 30%. Buying now and refinancing in a year would be the optimal way to go. Broch calculates the net cost of waiting is $113,760. Don’t Wait!
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Your go-to source for expert insights on mortgages, real estate trends, and home financing strategies. Whether you're a first-time homebuyer, real estate agent, or seasoned investor, we break down key topics to help you make informed financial decisions.
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Hosted by:
📢 Broch Lassig, Branch Manager NMLS340314
📢 TJ Heidenreich, Sales Manager NMLS1802412
📢 Ryan King, Loan Officer NMLS1870771
Branch NMLS2048956
Equal Housing Opportunity. All loans subject to underwriting approval. Certain restrictions apply. Call for details.
CrossCountry Mortgage, LLC. NMLS3029 (www.nmlsconsumeraccess.org)
🔹 Disclaimer: The information in this podcast is for educational purposes only and not a substitute for professional financial, legal, or tax advice. Always consult with a qualified professional before making financial decisions.
