petalumamortgage: Create Wealth with Real Estate
- 10/06/15 03:09 AM
Those of you who need a reason why buying real estate is a good idea need only look at the slide provided by Keeping Matters Current that explains wealth creation:Assuming appreciation in the range of 3-4%, this is a no brainer on why a renter should really be looking to purchase a home! Of course, maybe not all areas in the USA are experiencing growth? In Northern California, Petaluma, CA. and Ukiah, CA, two places I actually prospect for mortgage loans, we have an inventory problem that we have had for a few years now. Thus, real estate has actually appreciated a a … (0 comments)
petalumamortgage: Downsize Your Home with a Reverse Mortgage
- 10/01/15 07:36 AM
When thinking about retirement, does it make sense to downsize and use all of the equity from the big home to have no mortgage on the little home? Those are thoughts I think about even though retirement is some time off. The other option I have is to buy the little home with a Reverse mortgage loan. This requires a minimum down payment of 50% of the sales price. If your not familiar with a Reverse mortgage purchase loan, there are no payments on this type of mortgage. This allows me to buy the home, with no payments but also not … (0 comments)
petalumamortgage: Low Rates A Future Harm To Our Industry?
- 08/18/14 01:55 AM
Are low interest rates setting up the real estate market for a future slow down of sales? What will happen when rates are in the 5% range after the appreciation of real estate prices over the last few years? Are we pricing out the "move up buyer"? The borrowers that have ratess in the 3's are going to have a hard time parting with that low mortgage rate. I have a client now with a 3.25% rate on their mortgage rate and, because the bought two years ago, now have equity in their property. They would like to cash out some … (3 comments)
Those of you who need a reason why buying real estate is a good idea need only look at the slide provided by Keeping Matters Current that explains wealth creation:Assuming appreciation in the range of 3-4%, this is a no brainer on why a renter should really be looking to purchase a home! Of course, maybe not all areas in the USA are experiencing growth?
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