HOME OWNERSHIP MATTERS

Buying a home is exciting and is going to be one of the biggest financial decisions you will make. Becoming a Home owner may be a great decision for many, but of course it is definitely not the best choice for everyone. It is a big decision that only you can make for yourself and your family.

Trends in home prices, personal income and mortgage rates, Combined with the tax and other financial advantages of home ownership, make this an excellent time to turn your dream of homeownership into a reality. If you’re thinking of buying a home, you’ve probably already asked yourself, “Can I afford to buy?”
An equally and just as important to ask is, “Can I afford to continue renting?” No matter what you’re currently paying for rent, your total cash outlay over a period of several years will probably add up to a much bigger total than you may have realized, and could be building equity in your own new home.
The chart below shows how quickly the rent payments you’re Making add up each month, by calculating in what this money would earn if invested at 5 percent interest

RENT PAYMENT VERSUS MORTGAGE PAYMENT – The chart above is for illustrative purposes only. The results shown are purely hypothetical and are not meant to reflect any investment
source; https://www.bankrate.com/calculators/savings/simple-savings-calculator.aspx

MORTGAGE RATES

Rates for conventional 30-year fixed rate mortgages remain at historically low levels, and increasingly popular alternate
forms of financing (FHA, VA, and Rural Housing Loans) may make your home even more affordable. These decreased mortgage rates mean that more families will and can qualify for affordable financing. Yours Could also be one of them as well!

CalHFA has first and junior loan options for low to moderate income families, including low to zero interest rate down payment assistance loans. https://homesinsdcounty.com/real-estate-blog/calhfa-first-time-home-buyer-assistance/

HOMEOWNER TAX ADVANTAGES

When you’re figuring out how much you can afford to commit to monthly mortgage payments, don’t forget the tax Advantages of home ownership. Both property taxes and interest payments on a mortgage for an owner-occupied home are currently tax-deductible. In the early years of a typical mortgage, all but a small percentage of each monthly
payment is used to pay off the interest on the loan. This means that as a homeowner, your annual taxable income
could be substantially reduced by deducting the payments you make on property taxes and yearly mortgage interest.
Ask your CPA, attorney or tax preparer how buying a home now would affect your tax situation at the next filing deadline on April 15th.

HOME VALUE APPRECIATION

In addition to tax advantages, you can also benefit from any increase in the value of your home both through appreciation and improvements you add for your own comfort and enjoyment.
At some point, someone has probably told you that if you rent, you’re “throwing away” money. When people say this, they’re usually talking about the opportunity to build wealth in a home over time by building home equity. If you rent, you won’t build wealth in your home over time.

One of the biggest advantages to owning a home is building equity, which means that your property gains value over a period of time. The difference between the price you paid for it and the current value, the amount of money you own on it, is called equity. Essentially, it’s the wealth you hold in your home. The equity in your home grows over time as you pay down the balance of your mortgage. While building equity is not guaranteed, most houses tend to increase in value over time. Which helps explain why the location where you buy is so important.

Take a good look at your personal financial situation in comparison to housing price trends and mortgage plans available in your community. You will probably discover that you are closer to home ownership than you realized. And that, in fact, this is the time you’ve been waiting for.

Since, as we mentioned earlier, Buying a home is probably one of the biggest investments you will ever make. When it is your first home, it is especially important that you seek qualified assistance. Your local real estate agent or broker, has the experience and expertise to help you find and purchase the home of your dreams.

IS HOME BUYING RIGHT FOR YOU?
Advantages versus Disadvantages of home buying

advantages and disadvantages of home buying

GETTING STARTED

The first step in becoming a homeowner is to take a good look at your finances and compare it to the housing price trends and mortgage plans available. You could be closer to home ownership than you think. The next step is to find a local real estate professional who has the experience and expertise to help you find and purchase the home of your dreams!

The benefits of home ownership RoadMap

BENEFITS OF HOME OWNERSHIP ROAD MAP

Please speak to a professional mortgage broker to get more accurate info based upon your personal finances….
Contact us if you need a connection for a Great mortgage Broker

Working With The Team at HomesinSDCounty to assist you in buying or Selling Your San Diego County, CA Home Will Be A Quick, Efficient And Simple Process

As One of the more trusted real estate brokers in San Diego County, CA Area, our mission is to help you make Your home buying or selling process easier, while keeping more of your hard-earned equity in your pocket.

From start to finish we take care of everything so you can live your life while we worry about the details.

Our Job as YOUR Realtor is to make sure YOUR Purchase or Sale and Transaction is Legal, and the home and all aspects of the purchase or sale and transaction is safe.
As your realtor our goal is to be there to make sure that there are no major issues in your new home, your sale, or your purchase transaction.
And most importantly we are there to bring you the most profit and value as possible to you, our valued clients.

The most important thing that a Real Estate Agent Does every day? The one thing we enjoy and appreciate –

We make Dreams come true for our clients

Have Questions? 

Buy or Sell – Our pledge is to make your Real Estate dreams come true

Real estate can be a complex and ever-changing industry, which is why the team at www.homesinsdcounty.com  is committed to staying informed and up-to-date on the latest market trends and innovative strategies. Whether you’re looking to buy your dream home or sell for top dollar, we can provide you with the knowledge, expertise, and support you need to achieve your goals.

Ready to buy or sell a property? Don’t navigate the maze alone – give us a call today and let us guide you every step of the way. Don’t wait, contact us today! 🏠👍

From start to finish we take care of everything so you can live your life while we worry about the details.

  • As your Realtor, we aim to guide you through a purchase or sale transaction that is both legally compliant and safe for all parties involved. Your security and satisfaction are our top priorities.
  • Our commitment as your Realtor is to help mitigate any major issues that may arise in your new home, sale, or purchase transaction. We’re here to ensure a smooth process and address any concerns along the way.
  • Most importantly, we are committed to maximizing the profit and value for our valued clients, ensuring that you receive the best possible outcome.

The most important thing that a Real Estate Agent Does every day? The one thing we enjoy and appreciate –

We make Dreams come true for our clients 🙂

We are also here to help you with any questions or needs you may have in any City or State in the USA. We work with an Amazing Team of Agents throughout the USA and Globally – We Can connect you with a reliable member of our National network if you need one.

If you have friends, family or neighbors who are considering buying or selling a home, we at HomesinSDCounty would love to assist them. And please don’t hesitate to call me if there’s anything we can do for you!

Homes in San Diego – Find Local San Diego houses and Real Estate for Sale or Rent- Homes in San Diego County |Coldwell Banker Realty – Your Premiere Neighborhood SD San Diego Real Estate Source and Coldwell Banker Realtor

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