downtown San Diego real estate   mls listing  

San Diego downtown real estate broker

Bob Schwartz, CRS, GRI 

Certified Residential Specialist

 


 

San Diego, California 92101

Telephone - Cell:
(619) 300-8819

Facsimile:
(619) 229-0048
E-mail:

 brokerforyou@gmail.com

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Deciding on The Loan You Will Get


It isn't always trouble-free to decide which type of loan will benefit you the most. All of the possibilities that are opened to you are different and will provide you with various benefits. Before jumping into a loan, you want to make sure that you have evaluated your individual needs. The main idea behind a loan is to help you financially in more than one way.

The first contemplation to make for a loan is by knowing how long you plan to stay in a particular area. If you plan to move after a few years, you want your records from your loan to show that you have invested in the property. If this is your plan, then getting a loan that allows you to pay unlimited principle while you are there will help to show the benefits. If you want to stay for a longer term and pay off the home, then finding something like an interest first loan will work better. With any type of loan, timing is everything.

The second valuation that you will need to make with the loan options accessible to you is with how much you are able to pay each month. If it is a larger amount, then you might want something that is fixed or more stable. At the same time, if you are not in a financial position to pay a lot now, but know you will later, you can get something that will increase by percentage rate over time. If you are in the situation where you expect increased income, you can also consider a balloon, which will have you pay a large amount during the closing of your home. Determining what is best for you and your financial situation is important when deciding on a loan.

Of course, a lender will always be open to help you with your concerns and to answer your questions. Keeping yourself open to options, understanding your financial positioning and evaluating your individual needs can help you to invest your money the right way. By doing this, you can build your own investments into larger profits over a period of time.


ABOUT THE AUTHOR

 

Bob Schwartz, is a Certified Residential Specialist, CA licensed real estate broker with www.Brokerforyou.com. Bob has over 27 years of residential real estate experience, authored a number of published articles and served as an expert witness for San Diego lawyers. You can contact Bob via e-mail at bob@brokerforyou.com or visit his highly popular San Diego real estate website at: http://www.brokerforyou.com
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