I advise you to buy righ now while prices are low!!
Please feel free to call me 424-777-9377 - i'll be happy to help you out.
Thank you for your time.
Should you have any questions - please feel free to call me Toll Free: 1-855-TRUST-55 (1-855-878-7855) ext. 777.
President - Realtor®
- Trust Sale Realty -
Residential & Commercial Real Estate
Toll Free: 1-855-TRUST-55
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You may qualify to buy with a minimum 580 fico score and as low as half percent down payment program. You can buy with minimum out of pocket expenses. Do you need RENT vs BUY listings emailed to you to study and compare? I specialize in Under 640 Fico Score Loans and offer credit repair at no cost to raise fico scores to qualify for programs, rates and terms as necessary. It only takes a few dozen questions to qualify you in minutes and go over your options. Here are some links to study and consider that I offer.
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
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But, life does not end at 55+, for many - and I spoke to many people older than 55 - life, travel and fun starts at that age, after children grew up, some savings are in place, career is established etc.
Real estate property does not have to be purchased with mortgage, if you can buy cash, saving on that interest. Later, a reversed mortgage can be taken out for extra income.
Nowadays, the danger of buying over what you can afford is pretty much gone with documented income loans, unlike before. The mortgage, if taking a mortgage, does not have to be paid off in 30 or 15 years - you can make additional payments towards principal, reducing the term of the mortgage to whatever time you want.
In fact, I know a person who got a mortgage at the age of 83 - he purchased a multifamily house, and that increased his disposable income by 2K per month. He later got some money out of the property via cash out refinance - to travel the world. The children would inherit the property, and sell it at profit, after paying off the mortgage - as part of his legacy.
To miss on the many benefits of home ownership would be silly in any market situation, but missing on it now would be costlier than ever.
Hope this helps,
Beachfront Realty, Inc.
What age do you plan to retire? Can you pay off the mortgage completely by say 65 and still have savings to last for your retirement? If you get sick or run into medical problems, will you have enough money in reserve to pay off the house and the medical bills so that you don't get foreclosed on?
This is a more a question that is related to your age, savings, and income. It would be a better idea to consult a financial advisor.
My team's primary focus is Calabasas/Woodland Hills so if you need a good team we would be happy to help!
I hope this helps and I wish you all the best in finding your dream home!
Tammy Sais, Realtor
Keller Williams Realty NW
Leave your equity to your kids.
Shoot me an email if you want to talk about this some more.I don't look back on this same Trulia thread for answers posted after mine.
Realtor Since 1996
Main Street Realtors
I have a cousin in LA, and boy, it is the best time to buy!
Good luck in your search!
Beachfront Realty, Inc.
This is a great time to buy! Prices and interest rates are an all time low, so more than likely your mortgage will be less than your rent. You can also enjoy the benefit of tax deductions. The first step is to get pre-approved by a lender to see what you can afford. Then you will be ready to start your search. Take advantage of this market if you can!! I'll be happy to be of assistance.
818-761-7277 fax http://www.liliana4realestate.com
DRE # 01759367