The below graphic illustrates why you should diligently find a way to buy a house rather than renting one. Over the 26 years I’ve been in Real Estate the market has fluctuated quite a bit. I can tell you right now owning your own home is the way to go. Why put money into something if you never gain equity? At times Home Buyers “wait until Spring” to buy their new home but with the current market trends continuing as they have been, house prices are only going up.
If you are afraid you won’t qualify for a loan due to credit circumstances, the condition of the property you want, past foreclosure, etc., there is still hope for you: Hard Money financing could help! I’ve been a CA Hard Money Lender for over 20 yrs and have helped thousands of people to own the home they always wanted – with this particular finance option.
Seeing how rent these days is almost the same amount or more than a mortgage, it’s better to own than to rent. So find your local Hard Money Lender and see how you can get a decent down payment or use other RE equity to get a loan up to 80% of the LTV and stop throwing money away.
Forest Tardibuono is Co-Owner and CA BRE Broker known as “The Guy in the White Hat” of Sun Pacific Mortgage & Real Estate - Your Northern CA Hard Money Lender since 1988. www.sunpacmortgage.com. BRE license #01464899/NMLS #360993