WHY HOME OWNERSHIP

There is nothing like home ownership, and there is no country like the U.S that makes it easier for for someone to become a homeowner. 

There are many reasons why owning property is such an attractive thing:

1. You own the roof over your head and no landlord can take that away from you :-)  Pride of ownership is a great thing, don't you feel embarrassed after a certain point in your life when people ask you where you own and you tell them that you are still renting....
2. From an investment point of view, thing of appreciation.  Anyone who I've met that has made money has always told me that they made it in real estate, think of that!
3. Thing of how much you pay in taxes, per year...now think of how much less you would pay in taxes if you could deduct the interest and property taxes from your federal tax return. That's right, about a third of what you pay comes back to you as a refund, so having a tax deduction is awesome!
4. Every month that you make a payment, you are paying down the principal on the loan, so over time you are building equity just by paying your mortgage.

CHOICES, CHOICES, CHOICES

Thinking about the whole process can be very dizzying.  This is probably one reason why many people are still sitting on the fence waiting to buy a property.

1. When do I buy, am I buying at the height of the market?
2. Where do I buy?
3. Do I buy a house or condo, which is better for the long term?
4. What is the right loan program for me?
5. Do I put any money down?

If you had time to read this section above, then you have too much time on your hand and you are probably still renting!!!

THE RIGHT LENDER

In searching for a lender you want to be sure that you are in the right hands.  The last few years has seen a huge increase in the number of people who have entered the lending business, and many lack the education, skills, and integrity.

 Here are a few basic question every loan officer should know:

1. What are mortgage rates based on?
2. What is the next Economic Report or event that could cause interest rate movement?
3. When Greenspan and the Fed "change rates", what does this mean - and what impact does this have on mortgage interest rates?
4. What's happening in the market today, and what do you see in the near future?

Please email me for the answers to these questions at:
dankeyes@calpacific.com

Your home loan is your single largest financial transaction in your life.  Wouldn't it make sense to know that you will use someone that will take care of your financing and be a trusted advisor throughout the process?