

Renters! 2017 Is Your Big Opportunity
I was talking to a property manager this past weekend who has been managing rentals in San Diego for 30 years. I asked him what he is seeing for 2017 and he said all of his properties are seeing on average 4% rent increases this year.
If you are paying $2,500/mo in rent and you see a 4% increase that calculates to $100 more rent per month. Right now with mortgage interest rates where they are that $100 = $20,000 in home price. Another current fact is that mortgage applications are down and lenders are looking for ways to increase loan volume which means they have enhanced credit guidelines so that borrowing money is easier.
Click here To Find Out How Much Your Rent Translates To Home Purchase Power.
By David Hughson
Mortgage Planner / Turning Renters Into Homeowners
858.863.0264