The Home Buying Season Is Upon Us!
Pranav Sahai
Now offering commercial loans up to $50M for real estate investments across the nation! ???? Plus, we're providing up to $5M for refinance & home purchases in Arizona, California, Washington, Florida, and New Jersey.
Typically, sellers choose spring and summer as the time to list their homes, as most buyers are out in the market looking to buy a home.
?? This blog post is to help anyone currently looking to buy a home and do it in the smartest possible way.
While every mortgage company provides more or less the same thing—a rate quote, loan costs, and a willingness to make themselves your new best friend so you don’t “shop elsewhere”—
We are different.
Yes, we’ll give you a rate quote and explain all the loan costs, but our focus is on helping our clients create wealth for their families by using the money in their pockets intelligently to buy real estate.
(And no, we don’t really care so much about being your new best friend—but we would like to be your “guy” whenever you buy real estate.)
?? We’ve helped over 1,000 clients in five states with their mortgages, and we’re ready to help you now.
__________________________________________________________
Three Areas That Matter Most When Buying a Home
(…things that the nice folks at Bankrate and Bank of America won’t have the foggiest idea how to do.)
1?? Down Payment – Finding the Right Balance
How much you put down impacts your relationship with your house and your net worth now and in the future.
? Put too little down, and you’ll have sleepless nights about your mortgage payment.
? Put too much down, and you’ll stay in the poorhouse forever—no question.
Before I get a ton of hate mail from every man and his dog telling me how much better it is to pay off their mortgage, let me give you the stats:
?? Over the last 25 years, real estate has grown at around 6–8% per year.
?? Meanwhile, the S&P 500 (SPX) has grown 12–14% per year in the same period.
So, you are better off understanding how much you should put down—and investing the rest.
__________________________________________________________
2?? Loan Costs – The Wealthy Do It Differently
This one drives me insane because I see the stark difference between how rich clients handle loan costs versus how middle-class and poor clients do.
Loan costs (one-time costs to buy a home—appraisal, lender fees, title fees) typically run between $3,000–$6,000 for a home under $1 million.
? Rich people happily choose a rate that covers all or most of their loan costs.
领英推荐
?? Middle-class and poor buyers chase the “shiny” low rate and pay points to buy their rate down, thinking they’re getting a deal when they’re actually spending thousands upfront when they could be using their money for better purposes, like investing it to grow their net worth.
?? There’s a better way. You can get a low rate with some lender credit to cover a portion or even 100% of your costs—and we can help you find the right balance.
__________________________________________________________
3?? Loan Type – Not Everyone Needs a 30-Year Fixed Loan
Every man and his dog gravitates toward the 30-year fixed loan, but it’s not right for everyone.
? In today’s rate environment, an ARM, 15-year, or 20-year fixed loan may be a better fit for you.
? We take the time to explore what’s actually best for you—not just push the standard option.
__________________________________________________________
?? We Eat Our Own Cooking
I’m happy to share my own homebuying journey, including tips and tricks we have used to buy our own home and investment properties.
I constantly pull best practices from what I’ve done personally and from what my smartest clients have done—so that we can offer you the smartest and best way to buy a home.
__________________________________________________________
?? Our Focus: Helping You Create Wealth Through Real Estate When You Buy.
?? That is what makes us different. (And better, in my humble opinion.)
?? Happy to talk to anyone who has a signed purchase contract and is looking for the best way to buy their home.
?? 116 Village Blvd, Suite 200, Princeton, NJ 08540
?? 877-545-8626
#SmartHomeBuying #WealthThroughRealEstate #MortgageTips #MortgageMadeSimple