Buying A Property With An Investment Account may be what you are looking for.
A lot of people don't know this but you may be able to buy a piece of property with your investment account and not be charged taxes, fees or interest!
There are many different types of accounts as well as the companies that hold them. If you have a IRA, 401K, etc then call them (or your financial advisor) to see.
Many times you will be allowed to pull money from the account for your down payment on the property! Sometimes you may be charged interest, or certain fees, taxes, and so on - or not at all! It all depends on the
account you hold and the limitations/allowances you have.
For other financing options, give me a call - THE BEST REALTOR IN MEDFORD OREGON and see what works best for your situation.
CHERYL MALONE - Real Estate Broker
Windermere Investors Marketplace
http://www.cherylmalone.com/
541.941.1960
Remember, the first step in buying a home is to get pre-qualified on a home loan. Sellers do not like to deal with buyers who might not qualify. There are plenty of different options out there (even other 100% financing options). To do this, I recommend you call the BEST LENDER IN MEDFORD, OR:
DAVID DUBEAU - Loan Officer
Sterling Savings Bank
541.292.9663
Once you are pre-qualified, "Lets go shopping!"
As always, your comments are welcome!
Showing posts with label best time to buy a home. Show all posts
Showing posts with label best time to buy a home. Show all posts
Thursday, July 7, 2011
Monday, June 27, 2011
Should I Buy A House Right Now? Are There 100% Financing Options To Buy A House?
Should I Buy A House Right Now?
The short answer? YES!
The best time to buy is when things are on discount and now more than ever before things are CHEAP.
What that means is that buyers CAN afford to buy houses right now.
Lenders are lending money.
Now is the best time to buy a house… low interest rates and low housing prices… now is the time !
David DuBeau is still closing loans and still has many 100% financing options, "First Time Home Buyer" programs, and other products all the way to your normal conventional loans. I always recommend you should check with us if you are wanting to buy a house right now.
CHERYL MALONE – Real Estate Broker
Windermere Investors Marketplace
541.951.1960
www.CherylMalone.com
DAVID DUBEAU – Loan Officer
541.292.9663
541.608.2161
www.DavidDuBeau.net
Remember, the first step to take if you want to buy a house is to get pre-qualified on a home loan. Sellers do not like to deal with buyers who might not qualify. There are plenty of different options out there (even other 100% financing options)
Once you are pre-qualified, "Lets go shopping!"
OTHER RELATED BLOGS:
Are you on the fence about buying a home?
What are closing costs?
What is the difference between a Forecosure, REO, and Short Sale?
What kind of credit do I need to buy a home?
Saturday, February 26, 2011
Invest In Your Future Now ... Will Social Security Be There For You?
Are you relying on Social Security as a source of income in your "golden years"? Most people are expecting their Social Security to support them or help support them when they are ready to retire.
I am looking at my Social Security Statement from February 2010 right now and there is a very interesting part of this statement that I am not sure you are aware of.
It states: "Your estimated benefits are based on current law. Congress has made changes to the law in the past and can do so at any time. The law governing benefit amounts may change because, by 2037, the payroll taxes collected will be enough to pay only about 76 percent of scheduled benefits"
Well, what does that mean exactly... not sure, but I don't think I can really count on Social Security being there for me. Gee, congress can make changes to the law any time - that is reassuring.
So lets say you were suppose to get $1,000 a month, now you are getting $760... hmmm I could have done a lot with that extra $240.
I feel that real estate is a very good investment, if you look at it long term. If you are renting now, you should buy yourself a little home - just to get your foot in the door. If you currently own a home you can buy yourself a little house to rent out - over the years it would go up in value and your loan balance will decrease. When you need some additional income to live on in 25 years, it will be almost paid off. This could be your nest egg. You can refinance and pull your money out or just sell it.
I like to think of this type of thing as "the investment that keeps on giving". If you refinance and take some money out to live on, you still have the property... you can then leave it to your kids when you pass away or you can refinance several times throughout the years. Hence, the investment that keeps on giving.
This type of small investment is easy to manage. There are many options. I have years of experience with property management and can help guide you through the process. Think about your future, Social Security isn't.
Call me and I can get you started.
Cheryl Malone
541-951-1960
Here are some other blogs I wrote:
http://sellingoregonhomes.blogspot.com/2011/02/so-you-want-to-own-rental-why-not-buy.html
http://sellingoregonhomes.blogspot.com/2011/02/rent-vs-own-should-i-buy-house-in.html
I am looking at my Social Security Statement from February 2010 right now and there is a very interesting part of this statement that I am not sure you are aware of.
It states: "Your estimated benefits are based on current law. Congress has made changes to the law in the past and can do so at any time. The law governing benefit amounts may change because, by 2037, the payroll taxes collected will be enough to pay only about 76 percent of scheduled benefits"
Well, what does that mean exactly... not sure, but I don't think I can really count on Social Security being there for me. Gee, congress can make changes to the law any time - that is reassuring.
So lets say you were suppose to get $1,000 a month, now you are getting $760... hmmm I could have done a lot with that extra $240.
I feel that real estate is a very good investment, if you look at it long term. If you are renting now, you should buy yourself a little home - just to get your foot in the door. If you currently own a home you can buy yourself a little house to rent out - over the years it would go up in value and your loan balance will decrease. When you need some additional income to live on in 25 years, it will be almost paid off. This could be your nest egg. You can refinance and pull your money out or just sell it.
I like to think of this type of thing as "the investment that keeps on giving". If you refinance and take some money out to live on, you still have the property... you can then leave it to your kids when you pass away or you can refinance several times throughout the years. Hence, the investment that keeps on giving.
This type of small investment is easy to manage. There are many options. I have years of experience with property management and can help guide you through the process. Think about your future, Social Security isn't.
Call me and I can get you started.
Cheryl Malone
541-951-1960
Here are some other blogs I wrote:
http://sellingoregonhomes.blogspot.com/2011/02/so-you-want-to-own-rental-why-not-buy.html
http://sellingoregonhomes.blogspot.com/2011/02/rent-vs-own-should-i-buy-house-in.html
Friday, February 25, 2011
So You Want To Own A Rental ? Why Not Buy A House For A Rental?
Buying rental property is a great idea, especially in this market... the prices are great and with the super low interest rates it can be very affordable. In the past with the higher housing prices it was hard to get the rent to cover the payment/expenses. This has changed in many areas with the prices being as low as they are right now, it can work out to be a very sweet deal.
Many people are looking to rent a house because they have lost theirs to foreclosure or a short sale. So, the demand for rental homes is good right now. I bought my first house with the intention of living there, but then figured out that I could rent it out for pretty close to the payment. This was a good thing... it has turned out to be a wonderful investment. I still own that same rental house 27 years later.
I always felt that buying a house as an investment was better than buying an apartment building. You only have to deal with one tenant and a lot of tenants who rent homes, seem to want to take good care of it. Especially, if they were homeowners before.
Anyway, food for thought... maybe you can invest in your future too and buy a rental house !
Check out my other blog:
http://sellingoregonhomes.blogspot.com/2011/02/rent-vs-own-should-i-buy-house-in.html
Many people are looking to rent a house because they have lost theirs to foreclosure or a short sale. So, the demand for rental homes is good right now. I bought my first house with the intention of living there, but then figured out that I could rent it out for pretty close to the payment. This was a good thing... it has turned out to be a wonderful investment. I still own that same rental house 27 years later.
I always felt that buying a house as an investment was better than buying an apartment building. You only have to deal with one tenant and a lot of tenants who rent homes, seem to want to take good care of it. Especially, if they were homeowners before.
Anyway, food for thought... maybe you can invest in your future too and buy a rental house !
Check out my other blog:
http://sellingoregonhomes.blogspot.com/2011/02/rent-vs-own-should-i-buy-house-in.html
Rent vs Own - Should I Buy A House In Today's Market?
Over the last several years many people have asked if they should buy a house in today's market. When is a good time to buy a home? It is hard for some tenants to make the leap into homeownership, to begin with. It can be a scary and an exciting time for most 1st Time Homebuyers.
The benefits of owning your home are terrific: from tax deductions to building equity and the plain old pride of owning the place where you live. If you have to pay to live somewhere, why not have that money work for you. For example: if your monthly rent is $1,100 per month you can figure that after 10 years you would have spent $132,000 on housing. Yes, believe it or not that figure is correct. That money is gone and you will not be able to recoup any of it.
In today's market some buyers can purchase a home with 100% financing with payments at $1,100 (or less) per month. You are still paying the same monthly amount, but now you are putting that money to work for you. Each month you are paying down the principal on your loan, earning a tax right off, and best of all gaining equity in your home. When the real estate market picks up and home values increase each year, your equity continues to build.
Don't be afraid to buy a home in this market. Actually, now is the best time to buy a house... interest rates are low, housing prices are low and funding is available. So this is a shout out to all those tenants out there, let's see what you can afford and experience "The American Dream" - homeownership.
If you live in Medford, Jacksonville, Eagle Point, Central Point, Talent, Phoenix, White City, Rogue River, Gold Hill or Sams Valley, Oregon then I have some great loan officers that can help get you get qualified. It is easy and just takes a phone call - yep - just a phone call. Call David or Micah Dubeau from Sterling Savings Bank at 541-292-9663, they will take good care of you, I promise !
My other blogs that may interest you:
http://sellingoregonhomes.blogspot.com/2011/02/want-to-buy-home-in-medford-oregon-how.html
http://sellingoregonhomes.blogspot.com/2011/02/100-financing-available-on-real-estate.html
http://sellingoregonhomes.blogspot.com/2011/02/to-buy-or-not-to-buy-real-estate-that.html
The benefits of owning your home are terrific: from tax deductions to building equity and the plain old pride of owning the place where you live. If you have to pay to live somewhere, why not have that money work for you. For example: if your monthly rent is $1,100 per month you can figure that after 10 years you would have spent $132,000 on housing. Yes, believe it or not that figure is correct. That money is gone and you will not be able to recoup any of it.
In today's market some buyers can purchase a home with 100% financing with payments at $1,100 (or less) per month. You are still paying the same monthly amount, but now you are putting that money to work for you. Each month you are paying down the principal on your loan, earning a tax right off, and best of all gaining equity in your home. When the real estate market picks up and home values increase each year, your equity continues to build.
Don't be afraid to buy a home in this market. Actually, now is the best time to buy a house... interest rates are low, housing prices are low and funding is available. So this is a shout out to all those tenants out there, let's see what you can afford and experience "The American Dream" - homeownership.
If you live in Medford, Jacksonville, Eagle Point, Central Point, Talent, Phoenix, White City, Rogue River, Gold Hill or Sams Valley, Oregon then I have some great loan officers that can help get you get qualified. It is easy and just takes a phone call - yep - just a phone call. Call David or Micah Dubeau from Sterling Savings Bank at 541-292-9663, they will take good care of you, I promise !
My other blogs that may interest you:
http://sellingoregonhomes.blogspot.com/2011/02/want-to-buy-home-in-medford-oregon-how.html
http://sellingoregonhomes.blogspot.com/2011/02/100-financing-available-on-real-estate.html
http://sellingoregonhomes.blogspot.com/2011/02/to-buy-or-not-to-buy-real-estate-that.html
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