'Yonce said it! 🐝
Market value - mortgage balance = equity.🏡 Your equity is the money you'd receive after paying off the mortgage if you were to sell the home. CHA-CHING! 💸💸💸
1 11an hour ago
4 REAL Reasons Why We Buy A Home! | MyKCM
We often talk about why it makes financial sense to buy a home, but more often than not, the emotional reasons are the more powerful or compelling ones.
No matter what shape or size your living space is, the concept and feeling of home can mean different things to different people. Whether it’s a certain scent or a favorite chair, the emotional reasons why we choose to buy our own homes are typically more important to us than the financial ones.
1. Owning your home offers you the stability to start and raise a family
Between the best neighborhoods and the best school districts, even buyers without children at the time of purchase may have these things in mind as major reasons for choosing the locations of the homes that they purchase.
2. There’s no place like home
Owning your own home offers you not only safety and security, but also a comfortable place that allows you to relax after a long day!
3. You have more space for you and your family
Whether your family is expanding, an older family member is moving in, or you need to have a large backyard for your pets, you can take this all into consideration when buying your dream home!
4. You have control over renovations, updates, and style
Looking to actually try one of those complicated wall treatments that you saw on Pinterest? Tired of paying an additional pet deposit in your apartment building? Or maybe you want to finally adopt that puppy or kitten you’ve seen online 100 times? Who’s to say that you can’t do just that in your own home?
Whether you are a first-time homebuyer or a move-up buyer who wants to start a new chapter in your life, now is a great time to reflect on the intangible factors that make a house a home. Andres, Lic #1343492, with Bonaventure Realtors. Direct 949-306-9260. #realestate#home#house#housing#homeprices#values#homevalues#homeequity#homeowners#homeownership#homeowner#irvine#tustin#santaana#cypress#costamesa#fullerton#orangecounty#california#florida#tampa#washington#utah#tacoma#lakewood#housingmarket#homesales#rates#millenials
First-Time Home Buyers Continue to Put Down Less Than 6%! | MyKCM
According to the Realtors Confidence Index from the National Association of Realtors, 61% of first-time homebuyers purchased their homes with down payments below 6% in 2017.
Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying, but in March, 71% of first-time buyers and 54% of all buyers put less than 20% down.
Ralph McLaughlin, Chief Economist and Founder of Veritas Urbis Economics, recently shed light on why buyer demand has remained strong, “The fact that we now have four consecutive quarters where owner households increased while renters households fell is a strong sign households are making the switch from renting to buying.
Households under 35 – which represent the largest potential pool of new homeowners in the U.S. – have shown some of the largest gains. While they only make up a third of all homebuyers, the steady uptick in their homeownership rate over the past year suggests their enormous purchasing power may be finally coming to [the] housing market.” It’s no surprise that with rents rising, more and more first-time buyers are taking advantage of low-down-payment mortgage options to secure their monthly housing costs and finally attain their dream homes.
If you are one of the many first-time buyers unsure of whether or not they would qualify for a low-down payment mortgage, let’s get together and set you on your path to homeownership! Andres, Lic #1343492, with Bonaventure Realtors. Direct 949-306-9260. #realestate#home#house#housing#homeprices#values#homevalues#homeequity#homeowners#homeownership#homeowner#irvine#tustin#santaana#cypress#costamesa#fullerton#orangecounty#california#florida#tampa#washington#utah#tacoma#lakewood#housingmarket#homesales#rates#millenials
We are excited to share that Highlands Energy Solar will be at the Fresno Home Shows, Fresno Home Remodeling & Decorating Show! Request your free VIP ticket to the Fresno Home Decorating & Remodeling Show this July 20-22, 2018. There is no obligation and each VIP ticket provides free access to the show for 2 people! Just complete the simple request form via the link in our bio! While you're there, visit us in the Commerce Building, we'd love to meet you.
What some may not know about me is, I always plan and set goals. Once I achieve them, I set more. While a lot of my peers were out partying and having fun this weekend, I was at home, working on my home. You see, I have a home appraisal scheduled for this week and I want to maximize my home value. It truly may be the key piece in my financial freedom from this point forth. When they ask at work, “what do you have planned for the weekend?” I tell them, a little bit of this and a little bit of that. Forever and a day, I’ve believed in, ‘real killers move in silence’. I’ll never get jealous about what someone else is doing because, I’m doing my own thing. #goaldigger#silentsuccess#homeequity#homeimprovement#jackofalltrades#carpenter#electrician
While searching for an auto loan, keep this in mind💥
🚗💰Just like a car, an auto loan is another product the dealer is selling, and the Consumer Federation of America recently reported that dealers often overcharge by as much as 3 percent on loans!💰🚗
An online auto loan could be a great alternative for you - LINK IN BIO!
Buying the home you’re renting is becoming more common in today’s market. I have been blessed to be able to complete 7 of these transactions this year alone for my clients who are renting. Statistics show that homeowners are holding on to the most equity we have ever seen, $5,800,000,000,000 to be exact. That’s right $5.8 TRILLION worth of equity out there is not being used. If you are renting a home and want to see if purchasing is an option, call me today for an assessment. It’s time for you to start building your own equity rather than your landlords. #vteamlending#veteranshelpingveterans#veteranlender#firsttimehomebuyer#california#corona#forsalebyowner#LendUS#homeequity
0 214 days ago
🚨Mortgage Minute Alert 🚨 It’s that time again people!! 💺 sit back and give me a minute ☝🏽⏱ to eduminucate (the act of giving knowledge within a minute time frame) you once again!! Discount rates mean discount lenders and discount lenders warrant discount offers and discount offers unfortunately get you discount homes... which is no home at all 😬 a strong offer in a market like this will go a loooong way! 🔑🏡 as always folks, if you have any questions grab that phone 📱 dial 858-207-8436 #️⃣ and give me a minute to help you with what you need 😁 who knows, what you need might just be a lender on another level.. some might say the next level ;) ⬇️ comment below guys with questions or topics you want me to discuss in 1 minute ⏱🔥
2 434 days ago
Are you a move up buyer and would love to have a home with space like this? According to Real Estate Economist, Steven Thomas, “For homes priced below $750,000, the market is HOT with an expected market time of just 48 days.” Are you thinking of selling this summer so you can move up? It may only take you 48 days to get your house in escrow. #icanhelpyou#imreadytowalkwithyou#makedreamscometrue
photo source: diyhomedecortips.org
Orange County Real Estate Agent helping make dreams come true @realtyonegroup DRE # 01977863
3 684 days ago
Rising Interest Rates Have Not Dampened Demand |
Since the beginning of the year, mortgage interest rates have risen over a half of a percentage point (from 3.95% to 4.52%), according to Freddie Mac. Even a small rise in interest rates can greatly impact a buyer’s monthly mortgage payment.
First American recently released the results of their quarterly Real Estate Sentiment Index (RESI), in which they surveyed title and real estate agents across the country about the impact of rising rates on first-time homebuyers.
Real estate professionals around the country have not noticed a slowdown in demand for housing among young buyers; nearly 93% of all first-time homebuyers last quarter were between the ages of 21-35, with the largest share of buyers (51%) coming from those ages 26-30.
First American’s Chief Economist Mark Fleming had this to say, “On a national level, mortgage rates would need to hit 5.6%, 1 percentage point above the current rate, before first-time homebuyers withdraw from the market.” So, what is slowing down sales?
According to the last Existing Home Sales Report from the National Association of Realtors, sales are now down 3.0% year-over-year and have fallen for the last three months. If rising interest rates aren’t to blame, then what is?
Fleming addressed the cause, saying that: “The housing market is facing its greatest supply shortage in 60 years of record keeping, according to the Federal Reserve Bank of Kansas City. The ongoing housing supply shortage will make it difficult for first-time buyers to find a home to buy, even when they are financially ready.” Bottom Line
First-time homebuyers know the importance of owning their own homes and a spike in interest rates is not going to keep them from buying this year! Their biggest challenge is finding a home to buy! Andres, Lic #1343492, with Bonaventure Realtors. Direct 949-306-9260. #realestate#home#house#housing#homeprices#values#homevalues#homeequity#homeowners#homeownership#homeowner#irvine#tustin#santaana#cypress#costamesa#fullerton#orangecounty#california#florida#tampa#washington#utah#tacoma#lakewood#housingmarket#homesales#rates#millenials