These four questions can help you make smarter mortgage and housing choices:
- Why is it better to buy a home right now vs. renting a home? Buying a home usually requires more upfront capital, more ongoing expenses and a longer-term commitment. Make sure to run the numbers with a professional to evaluate whether you'd be better off buying vs. renting.
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How can I make sure this fits into my short-term and long-term budget? Make sure to compare your options when it comes to:
- Choosing a down payment amount and strategy
- Choosing a monthly payment scenario
- Choosing a price range for your new home
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How will this financial decision impact other areas of my life? Make sure to think through how your cash flow situation will impact:
- Children’s college funding
- Retirement planning
- Taking care of elderly parents
- Other large financial purchases or commitments
- What mortgage and home buying strategy will result in less overall financial risk? The mortgage is most likely going to be your single-largest debt, and your home is most likely going to be your single largest investment. That’s why it's important to evaluate and compare your options with a mortgage professional.
Contact me so we can get started!
Chris Freck MBA CMPS
Broker
NMLS: 241125
EstaR Mortgage
MyLendeR@estaRm.info
(510) 463-1003
2413 Webb Avenue, Suite E,
Alameda, California 94501
Corporate NMLS: 1547521
Broker
NMLS: 241125
EstaR Mortgage
MyLendeR@estaRm.info
(510) 463-1003
2413 Webb Avenue, Suite E,
Alameda, California 94501
Corporate NMLS: 1547521
Mutzig Management, Inc dba EstaR mortgage is California Bureau of Real Estate license #2020370. Christopher A. Freck, California BRE license #1454795 with an MLO Endorsement. This material is not from HUD or FHA and has not been approved by HUD or a government agency.
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