Here’s a great article that discusses what I have been saying about homeownership being a long-term strategy and investment. Because our CA real estate market is so vibrant, the author of this article analyzed CA homeownership and broke it down to show how you can buy a home today and it would be virtually risk-free of ever losing value if you hold onto it for 12 years. Ooooh Laaa Laaa!!!!!
Add to this risk-free investment, tax benefits, the ability to one day live for free in your own home, the ability to use your home for a plush retirement through a reverse mortgage, and pride of homeownership and you have everything to gain and nothing to lose.
For those current homeowners looking to right-size their homes, this includes you too. You are sitting on huge amounts of equity and can right-size your home with little to maybe even no increase in your mortgage payment by using your equity to buy your next home. Because you have so much equity, you can use some of it to buy down your interest rate and get a significantly lower interest rate than the current market rate. OR, do a reverse purchase on your next home and HAVE ZERO PAYMENT and KEEP YOUR CURRENT PROPERTY TAX BASE. For those 55+ the sky's the limit. Call me and let’s look at your options.
Also, remember new home developers are buying down rates in the 4’s and guaranteeing them for 9 months. Call me and let’s explore your options.
In either case, call me, and let’s get a plan put together.
Click below to read this fascinating article.
Click Here to Read the Article
Source: Lake County Record-Bee
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