Posts Tagged ‘1st Time Home Buyers’

  • Brexit for Breakfast, yum!

    Brexit for Breakfast, yum! So what does England withdrawing from the European Union mean for the mortgage and real estate market? Well, as I’m sure you’re already aware, we have had a massive sell-off in the stock market.  The money that used to be invested in stocks, is now running to the safety of bonds.  With the increased demand for bonds the price of bonds increases which, consequently, pushes the interest rate, or yield, of those bonds down.   In turn, this translates into lower mortgage interest rates.  So if you are buying a home or refinancing your current mortgage right now, your timing could be no better.  Lower interest rates means lower payments and increased savings, something everyone loves!  Additionally on the real estate side, these lower interest rates will increase your purchasing power and will allow you afford a higher-priced home without an increase in your monthly payment!  The old adage that it only makes sense to refinance if you drop your interest rate by 1% made sense in the “old” days when most mortgage loans were around $100,000.  But, most people have mortgage loans ranging from $300,000 to $600,000 and even .500% drop in interest rates could save you tens of thousands of dollars.  So, for a free mortgage loan consultation to see if refinancing might make sense for you, or how much more purchasing power a lower rate will provide you, give me a call or shoot me an

  • Hidden Gems, Tide Pools, Ocean Beach, CA

    Oct 12, 15 • Keg • Home BuyersNo CommentsRead More »

    Craig@GreenMeansGrow.com

  • Your Rent is Probably Going Up

    Jun 8, 15 • J.Beckistan • First Time Home Buyers, Home Buyers, Purchase LoanNo CommentsRead More »

    Your Rent is Probably Going Up.  A recent report by the National Low Income Housing Coalition found that all over the US rents have become less affordable.  To rent a 2 bedroom apartment one needs to make an average hourly wage of 19.35/mo.  The Federal Minimum wage is $7.25… and the average wage is $15.16/hr.  That’s in the US overall.  It gets worse when you drill down to specific areas. It’s probably no surprise to learn that California is the 3rd most expensive state, just behind Hawaii and DC.  In CA one needs an hourly wage of 26.65 in order to rent an average 2 bedroom apartment.  That’s over $55k /year. So why am I talking about this?  Because there are only a few ways that I know of to stop paying rent Win the lottery Move in with someone that’s willing to pay all the bills Buy your own home Of course buying is not cheap at first, but it is rent control.  If you do it right, your costs of home-ownership stay relatively flat or even decrease over time, while rents continue to rise.  Here’s where most people get stuck… what can you do now to get in a position to buy?  Your best 1st step is to make a plan.  You’ll need to know what it’s going to take to get you from where you are to

  • Rents Become Less Affordable in San Diego

    Jun 1, 15 • J.Beckistan • First Time Home Buyers, Home Buyers, Purchase LoanNo CommentsRead More »
    Rents Become Less Affordable in San Diego

    A recent report by the National Low Income Housing Coalition found that all over the US rents have become less affordable.  To rent a 2 bedroom apartment one needs to make an average hourly wage of 19.35/mo.  The Federal Minimum wage is $7.25… and the average wage is $15.16/hr.  That’s in the US overall.  It gets worse when you drill down to specific areas. It’s probably no surprise to learn that California is the 3rd most expensive state, just behind Hawaii and DC.  In CA one needs an hourly wage of 26.65 in order to rent an average 2 bedroom apartment.  That’s over $55k /year. So why am I talking about this?  Because there are only a few ways that I know of to stop paying rent Win the lottery Move in with someone that’s willing to pay all the bills Buy your own home Of course buying is not cheap at first, but it is rent control.  If you do it right, your costs of home-ownership stay relatively flat or even decrease over time, while rents continue to rise.  Here’s where most people get stuck… what can you do now to get in a position to buy?  Your best 1st step is to make a plan.  You’ll need to know what it’s going to take to get you from where you are to where you want to be.  

The GreenHouse Group, Inc. | Real Estate Consulting & Mortgage Planning. "Moving People With Purpose."

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