LOOK AT IT THIS WAY, WHEN IT COMES TO REAL ESTATE IN ORANGE COUNTY CALIFORNIA!
Most of us don't have the resources - or the guts - to own stocks in really large quantities. That’s what makes your home such great "risk capital." It's not the stock market, and you shouldn't look at buying a home as a way to get rich, but if the economy picks up, real estate values will eventually follow. Building equity in your home is like linking your investment portfolio to the growth of the economy - without the sleepless nights.
Plus, it's like forced savings for you and your family. Maybe you could rent a condo for $1,800 per month instead of buy one for $2,200, but would you really "save" that $400 a month for the future? The part of your mortgage payment that goes toward principle is like paying yourself back in equity - instead of burning that money on rent.
And the interest you're paying on your loan, along with your property taxes, is tax deductible and probably enough to allow you to itemize tons of other deductions from your income as well. For many people, just these tax breaks alone make owning cost less than renting.
Usually, you can buy a much better home than you can rent, and with high inventories and low interest rates, now is the time to contact an agent and start saving for the future, today.
Ask about our programs: Low as 10% down! Owner will pre-pay your mortgae insurance! Save at least $100 per month! Down payment assistance available up to $12,510 or 3% of loan amount in the form of a grant, does not have to be repaid. Larry Weichman is President and Broker of Costa Mesa-based real estate powerhouse Weichman Realtors,"the most trusted name in Costa Mesa Real Estate". Larry and his highly-trained team of professionals have proudly served Costa Mesa since 1976. For questions about an upcoming sale or purchase, call him directly at 714-241-4532 or email your questions to Larry@TeamWeichman.com. Be sure to visit Larry Weichman in Costa Mesa CA for the latest news and information on the Costa Mesa real estate market. Lic #00573423 (714) 241-4532 1525 Mesa Verde Drive East Costa Mesa, CA 92626-5221
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