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“Helped me through some more complex issues”

"This is the third time I've used ALV, second refinance. This went so smooth I hardly realized it was finishing up. They are very knowledgeable, and helped me through some more complex issues, and I'm the end I was able to make a great choice for my refi. I still recommend them to everyone." -Josh M.
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To Buy or To Rent?

Deciding between buying or renting your next home?  It’s true that home values have gone up quite a bit, but so have rents. In fact, the largest landlord in the US, Invitation homes, said that rents have gone up 14% since last year.  And that’s not all – they forecast that rents will continue to go up about 6% annually. So, while it’s true that initially purchasing a home will be more expensive, your mortgage payment will remain relatively stable into the future.  Whereas your rental payments will likely rise significantly in the years to come. There are other amazing benefits that come with buying a home, including pride of ownership, more freedom in renovating and design, and of course building equity.  And because of increasing demand and tight supply, it looks as if home values will be well supported, and many are forecasting home prices to move higher. I can give you a complete analysis with statistics for your specific zip code so you can make accurate comparisons and see which choice is best for you. Give us a call today to learn more.
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“I am impressed with the communication speed and overall process”

"Anthony, Barrett, and Rhoda are great to work with, very attentive and efficient. I am impressed with the communication speed and overall process. I have worked with other lenders ,which repeatedly asked for a mountain of documents and sometimes already had them but asked for them again due to lack of communication between departments. If you are looking for a lender that cares and wants to help you, look no further. Thanks ALV team!" -Alex C.
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Buying is Tough…Renting is Tougher

We know it's tough buying a home, but is renting even tougher? We have discussed in the past how it’s a challenging time to buy a home with low inventory and high competition from cash buyers, but the alternative to rent is just has hard, with fewer benefits. A recent report found rental prices continue to go up about 14% year over year. Utah has the 23rd highest rent in the country, with average rent being about $1,465 a month. The Apartment List National Rent Report for July found a 2.5% increase in rental prices from June. Prices went up by 10.3% compared to this time last year and up 9.4% compared to the pre-pandemic level from March 2020. Price hikes are a frustrating reality for renters. For many it feels like every time they turn around their rent is going up. At least with a home purchase your payment remains fixed. More renter frustration comes from knowing that the money they pay could be going toward an investment of their own but instead pays for someone else’s mortgage and equity. Renters don’t get the benefit of paying towards principal. Renting comes with a lot of other issues too. I've heard many stories from clients who had dreadful renting experiences. One client’s roommate situation did not work out and they had to find a new place to move to in less than a month. Another client’s landlord decided to capitalize on the market and sell their house, giving them less than two weeks’ notice to find somewhere new to live. Another client I recently worked with shared with us their push into purchasing came from their A/C breaking in the middle of 100-degree summer day and their landlord refused to fix the issue immediately. With a home purchase you don’t have to worry about fixing issues on someone else’s time, it’s all up to you. The rental market is pretty competitive as well. It can be a struggle to even find an available rental, let alone one in a neighborhood you prefer and in your price range. Affordability is a big reason why many people think can never become homeowners. But the average mortgage is significantly less than the average rental. Other renters worry they won’t qualify for a purchasing due to student loan debt or medical bills. However, you’ll never know what you qualify for unless you contact a mortgage professional like me. I can review your situation and if now isn’t the time for a pre-approval we can set up a plan to get you on the right track to homeownership. Now is the time to get out of the rent trap! Give me a call and let's get you started on the path to homeownership.
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“Someone was just about always available when I called”

"Someone on the team at ALV Mortgage was just about always available when I called. When I left a message either Anthony or another one of his team got back to me within 15 minutes. I was very impressed with their bias for action regarding every aspect of my loan. I highly recommend ALV Mortgage!" -T. Carter
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