YOU SHOULD BUY NOW, PART 2
I have discussed this before, but I feel it’s important that I restate it. If you or anyone you know is considering buying a new home or a rental property, DO IT NOW!
Interest rates are still well below 3.0%. Plus, FHA and VA rates are even lower. Let me explain a simple fact. If interest rates increase just 1.0%, to 4.0%, monthly payment for the same loan will increase by 13%! That’s the equivalent of an increase in sales price of 13% also. You can see that waiting for prices to come down (Which probably won’t happen) is at best counterproductive if interest rates go up (which probably will happen).
If you are considering buying a home for you and your family, you may never have another similar opportunity to buy with payments as low as they are now. You can enjoy these very low payments for as long as you own your home, even as it is appreciating in value. Orange County home values have increased at a better than 5% rate since 1980.
If you are considering real estate as an investment, our incredibly low interest rates mean your monthly payment for as long as you own the property will remain low while rents will continue to rise. This will ultimately give you three distinct advantages:
- You will quickly reach the point where you will have an income (positive cash flow) from the rental income.
- Your tenant will be paying off your mortgage. In 30 years, you will own the property free and clear with no loan-100% equity
- While this is happening the value of the property will continue to increase, giving you more value (since 1980, Orange County properties have increased in value at a better than 5% annual rate.
These are just a few of the reasons that so many of the wealthiest people in our Country have made their wealth through real estate.
And now, thanks to our incredibly low interest rates, that type of wealth buildup is available to so many more of us.
Call us 949-500-6365, email Frank@FrankDiLauro.com, or reach us through our website www.FrankDiLauro.com
We would be happy to show you how this real estate opportunity can work for you! Don’t miss it!
