Hopefull,y this makes sense. Always reach out with questions. I got quite a few, actually, on the last video. So I'm happy to help. But expect prices to keep going up. The video yesterday referenced that inflation is not done yet,meaning that it will not continue to go, and the inflation numbers that we have, last time it was released it was at 7.5 percent or 7.8 percent, I believe it was. Inflation is going to continue rising. That's just how it goes, and likely we'll see it get double digits, and we'll likely see things getting more expensive.
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IS A RECESSION COMING and a HOW DOES INFLATION AFFECT ME?
Apr 25, 2022
Recession 2022
Is a Recession Coming?
Expect interest rates to go up! As inflation continues to go further and farther, meaning that it continues to devalue the United States dollar, that means if you have $100,000 in your savings account. It's just sitting there; well, as a dollar becomes worthless, so does your savings account.
Even though the number isn't changing, it still becomes worth less. If a house today that you bought for $400,000 or $300,000, and that was the price for today and a year from now, if it's $500,000 and you still have that $100,000 sitting in your savings account, well, it probably only earn a couple of bucks as far as interest goes, and now you need more money to buy the same house. That's inflation at work, essentially.
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What's New in Mortgage Lending
There is a HUGE difference between a Mortgage Broker like Andrew Leavitt at PIF Lending and a regular lender or mortgage banker. The "long story short' is that a Mortgage Broker can save you thousands of dollars by getting you the lowest possible rate with zero lender fees!
VA Loans no longer have a loan limit in Nevada and all over the United States. This means if a Veteran can qualify for a 3,000,000 home, they can buy it with zero down!! Congratulations, Veterans you absolutely deserve this change!
Knowing when and why to lock your mortgage loan interest rate can be tricky. People always ask how using a mortgage broker near me will benefit them in the mortgage loan process and this is a perfect example of why using a local mortgage expert is vital to your home loan process. Andrew Leavitt at PIF Lending was interviewed by Channel 8 news on this important home loan topic in Las Vegas.
Many people are concerned about water shortage at Lake Mead leaving residents asking if Vegas is running out of water. Andrew Leavitt at PIF Lending shares what he is seeing in the mortgage industry due to the water shortage.
Conforming loan limits changed in 2022 in most counties in Nevada and all over the United States. Conventional loan limits affect the purchasing power a home buyer can use towards financing their home purchase. Andrew Leavitt at PIF Lending explains how this can benefit you on your Nevada home loan when using a conventional loan in Las Vegas.
If you are a self employed borrower you may face challenges due to COVOD. Andrew Leavitt at PIF Lending explains what to do to be prepared when seeking loans for self employed people in Nevada. PIF Lending is an expert mortgage broker specializing in self employed loan products.
COVID 19 hit hard for Las Vegas homeowners. In this news Interview, Andrew Leavitt at PIF Lending shares vital tips on precisely what you can do to avoid foreclosure If you have been affected by COVID 19 in Nevada. Andrew explains what to do in you were affected by the pandemic and who to contact for mortgage relief options in Nevada.
FHA Loan limits changed drastically in 2022. Andrew Leavitt, expert mortgage lender in Las Vegas, explains how FHA County Loan limits in Las Vegas are set and who exactly sets those FHA County Loan limits in Nevada.
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Pay It Forward Lending DBA of Pinnacle Lending Group, Inc NMLS 344850 an Equal Housing Lender
Pay It Forward Lending DBA of Pinnacle Lending Group, Inc.
NMLS 344850, an Equal Housing Lender.
Corporate Office: 702.730.2085 Fax: 702-977-4807
Email: ateam@plgnv.com
Corporate Address | 6475 S Rainbow Blvd Ste 102
Las Vegas, NV 89118 | NMLS: 344850 | NV License: 2306
AZ Branch | 1490 S Price Rd Ste 316
Chandler, AZ 85286 | NMLS: 1743000 |
AZ Mortgage Banker Lic. # 0947873
CA Branch | 34700 Coast Hwy #302
Capistrano Beach, CA 92624 | NMLS: 374818
CADBO: 60DBO44053
