Baby Boomers Are On The Move
According to a Merrill Lynch study, “an estimated 4.2 million retirees moved into a new home last year alone.” Two-thirds of retirees say that they are likely to move at least once during retirement. As one participant in the study stated: “In retirement, you have the chance to live anywhere you want. Or you can just stay where you […]
The One Question That Made Me $200k With Only A $14k Investment
Rancho Bernardo Home purchased for $195k in 2009 and worth $400k in 2018. Not asking this one question could have lost me the house.
Should I Use My Retirement Funds To Purchase A Home?
Should I use retirement funds to purchase a home? It doesn’t all depend on rate of return because leverage changes everything. Even 3% a year can beat 10% a year growth with leverage. This is why using retirement funds to purchase a home can make so much sense.
Would A USDA Loan Work For You?
USDA loans are backed through the Rural Housing Division of the U.S. Dept. of Agriculture. They are available to millions of eligible primary home buyers with low to moderate incomes or scarce funds for down payments. Features, benefits and things you need to know: If you have questions, want to find out if you qualify […]
Will A VA Loan Help You?
You’ve served the U.S., now let us serve YOU! Veteran’s Administration or “VA” loans are available for active, non-active and retired Army, Air Force, Marine, Navy, National Guard and Coast Guard vets who meet the established service requirements. To determine your ability to participate in this program, just provide your Certificate of Eligibility (COE) or […]
Need A Way To Pay For Home Improvements?
A remodeling project may involve lots of choices, but you have only five basic ways to pay for it: Many loan options fall into the last category of cash out refinancing, but most require the value of your home to far exceed the amount of the loan. If you simply don’t have the equity, one […]
Are ARMs All Right?
Adjustable Rate Mortgages are often maligned, dismissed outright and completely misunderstood. The truth is ARMs are not all the same and can have great value. Home buyers often focus on obtaining the lowest possible rate on a 30-year loan, but most mortgage loans are used for only three. Cash out transactions for improvements, additions, repairs, […]
Would A USDA Loan Work For You?
USDA Loans Apply to More “Rural” Areas Than You May Think! USDA loans are backed through the Rural Housing Division of the U.S. Dept. of Agriculture. They are available to millions of eligible primary home buyers with low to moderate incomes or scarce funds for down payments. Features, benefits and things you need to know: […]
How Can You Buy And Remodel With One Loan?
Most mortgage loan programs require a property to be in sound condition with no structural defects or required repairs. Not the 203k. It’s made for homes needing anything from a light spruce up to major repairs, improvements or new additions. Applying for the 203k requires more work than other loans, but given all the advantages, […]
Jumbo Loans Are Here!
Have you taken advantage of the great rates available on Temporary High Balance or Agency Jumbo loans? If not, you may need to do so sooner rather than later. With these loans, Fannie Mae and Freddie Mac are authorized to purchase mortgages that are up to 125% of certain high-cost areas’ median home values, not […]