Today on our Santa Clarita Real Estate Radio show – which is on iTunes btw – we spoke with the number one lender in the Santa Clarita Valley. Mike Meena was our guest and he talked about the “rationale” of the lending world. However, the biggest take away from our Radio Show was the discussion about interest rates.
IT’s Absolutely possible! In fact, some will tell you that now is a GREAT time to buy a home. That statement sounds very self-serving, so let us explore the facts.
The Santa Clarita Valley real estate market has declined, in some areas as much as 47% since the height of the market in late 2006 and early 2007.
Interest Rates have never been at these levels.
You can purchase a home with as little as 3.5% down payment. If you are a Veteran and qualify for a VA loan – the down will be ZERO.
If you are investing in real estate – having 20% down – you can earn a 12 to 14% rate of return with a rental.
The only problem with buying real estate today comes in the form of not having much in the way of “available inventory”.
Let a professional search for you – align your sights and press the trigger. Contact us when you are ready so we can take some time, getting to know you and have you attend our Crash Course on Real Estate in our offices.
Santa Clarita real estate Radio show notes:
What is today’s interest rate?
Was the good faith estimate changed recently and what is a GFE?
Accountability in lending –
Upside down on a mortgage, how do you refinance?
fha or va don’t require – apprasial –
conventional loan – harp refinance – loan before may of 2009 –
fannie mae and freddie mac –
5 total offices for Augusta Financial – Encino – Westlake – Toluka Lake – Los Angeles – Orange County
California Homeowner bill of rights signed into law?