Will A Trump Administration Cause Rates to Rise?

Since November’s election,  there have been many questions surrounding Trump policies and how they will affect Americans. One of the most common questions has been: “How will  the housing market be affected?”

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Speculation & debate have surrounded the basic question of “Will A Trump Administration inflate interest rates?”

The Washington Post states that concerns come from “Trump’s lack of housing policy proposals.” While Fox highlights that “The other side of the argument is that the mortgage interest deduction helps homeowners by lowering the cost of their interest on an after-tax basis. This deduction usually benefits first-time home buyers the most.” Despite the uncertainty & various opinions, there are a few facts to keep in mind when it comes to the Trump effect.

The Federal Reserve is a huge factor where mortgage rates lie, along with the inflation of the economy. The President alone cannot solely change the housing market, however, his policies can shape the direction in which the market leans. No one person can set the mortgage rates.

Donald’s policies on issues such as deportation & the Housing Department will set the tone for the direction in which the housing market proceeds. We could see an increase of costs for building a home if Trump sticks to his strict stance on deporting undocumented immigrants. The construction industry relies heavily on undocumented immigrants to reduce building costs through affordable labor. By having to pay more in labor costs, construction companies will have to offset the costs by charging the client (you) more.

We do not know the policies of Dr. Ben Carson, but what we do know is that his appointment as HUD Secretary could affect your monthly mortgage payment. As Secretary, Carson has the power to raise or lower FHA mortgage insurance premiums, which could increase or reduce your overall payment.

All we can do is wait and see what the future holds for us. However, there are a few outcomes that we can expect. Deduction of taxes through a freer market, home purchase costs to fluctuate, and increased mortgage interest rates.

In result, it’s challenging to predict exactly how Trump will affect the housing market, but you can prepare yourself by finding out what your options are for your mortgage.  Don’t start panicking just yet; it’s not too late to save yourself some money on your mortgage. With all indications pointing towards climbing interest rates, now is the time to act.

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Festive Fall Finds

Fall: The air becomes crisp, the leaves change colors and the days become shorter. As the seasons shift from hot & humid to chilly, doesn’t that make it the perfect time to transform your home decor to comfy & cozy?

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With so many options out there we took the liberty of tracking down some of our fall favorites for you to peruse.

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Craft your coffee table for fall with this easy DIY that you can put your own unique spin on.

Coffee Table Crafting

 In trance guests from your entryway to exit by giving your front porch its seasonal face lift. With a porch this inviting you have an excuse to heat up an extra cup of coffee, sit back and soak in the season amidst your cozy seating.

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For more inspiration check out these fabulous front porches.

Fall Front Porches

Sit back, relax & cozy up to the shift of seasons in your festive fall home.

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Spice Up Your Summer

Summer, easily the most relaxing & effortless season. A season full of sun, fun, family, travel & friends.

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Need a reason to celebrate this season? Fire up the grille, we’re about to take your BBQ from standard to SIZZLING!

To plan a party Martha Stewart would envy, we need to start by creating the perfect ambiance for your guests.

Start with simple lighting fixes to turn your backyard into an artsy outdoor seating area similar to your local summer restaurant.

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Light Up Your Life

Kicking off with kabobs we found a summer treat to satisfy any sweet tooth!

Strawberry-Brownie kabobs are easier than 1,2,3 & can be even eaten without any cooking.

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Take your grilling from drab to fab with this recipe for Spicy Pineapple Chicken Kabobs to add that extra flavor to your BBQ in a way that will leave all your guests raving for weeks.

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Ready?

Set?

Grille!

What are you going to do to beef up your backyard for your next BBQ?

Whatever you do, embrace your summer of sun & fun!

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Hop Into Home Buying

Home Buying can be overwhelming & a bit intimidating, but we’re here to hold your hand every step of the way.

First Time Home Buyers

Is anyone else as obsessed with lists & “how to’s” as I am? If so… get your pens ready! The home buying process can be so daunting that you may not know where to begin… That’s where we come in.

Location, Location, Location.

Consider: commute, school district, crime rates & community

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Price

Know what you can afford.

Remember, mortgage payments, interest, HOA fees, PMI & property taxes. Compare your loan options and Call our purchase specialist, Chris to see whether a Conventional, FHA or Veteran loan would be the best fit for you. It’s good to know what you can afford before falling in love with a home out of your price range.

Realtor

They need a good & respectful understanding of what you are looking for & what you can afford instead of trying to oversell your budget.

Financing

After you have an idea of pricing and what type of loan option suits you, you’ll have a better idea of what type of down payment you’ll need to save for. Remember to ask if you qualify for NO closing costs & NO PMI options.

What you Need, What you Want & What Can Be Changed

Pay attention to the structural layout of the home & make sure it’s what you want because changing structural elements can be a whole new cost in itself. No house is perfect, but what is important is determining what can be changes & made perfect and what can’t be.

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Now that we’ve gone through our checklist, let’s get you financed.

Our Purchase Division is available to help you discover your financing options, to walk you through this process from start to finish & to make this as easy as possible for you & your family.

Chat with Chris today to get into your dream home.

(858)752-6480 or Click Below to get started today.

GET FINANCED

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Unplug from the World

Ah, 1998 when the world revolved around human interaction.

A world where WiFi & the iPhone didn’t exist. A time when you’d go to lunch with someone & you wouldn’t fall victim to watching them text 85% of the time.

The holiday season needs to be about family & spending time with those closest to you. In the tradition of that quality time I wanted to come up with something that you could create together that would bring you down to earth.

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I twiddled my thumbs a little (withdrawal from texting) & thought about what would motivate me to plug into family time.

Cocktails are a place to start. Dashing left & prancing right… I came across a few Holiday Hoorahs that I look forward to sharing with my family. I lucked into a recipe that enticed my senses by combining my three favorite things: candy canes, chocolate & cocktails. Behold the White Chocolate Peppermint Bark Martini (See recipe at bottom of page)

While you are all gathered around sipping on your sweet treats you can get a jump on your decorating by crafting Winter Luminaries.

For each luminary, all you’ll need is: a mason jar, 2 mini pine cones, lace, twine, hot glue gun, snow texture spray, Epsom salt & a tea candle.

Easy right? ( The full dets. are in the link below)

White Chocolate Peppermint Bark Martini

2 oz. white chocolate liqueur
1/2 oz. vanilla vodka
1/2 oz. peppermint schnapps
Splash of milk or cream, to taste

White chocolate, melted, for rimming the glass
Crushed peppermint candies, for rimming the glass
Whipped cream, for serving

Method:
1.   Melt the white chocolate in a shallow dish, and dip the rim of the glass into it. Shake off any excess, then dip into the crushed peppermint candies. Place glass in the freezer for 5-10 minutes to set.
2.   Shake liqueurs with ice, then pour into chilled glass. Add milk or cream, to taste.
3.   Top with fresh whipped cream and more crushed peppermint candies, for garnish.

http://relish.com/articles/15-creative-garnishes-for-your-holiday-cocktails/

Winter Luminaries:

http://craftsbyamanda.com/snowy-pinecone-candle-jars/

Once your family has gotten it’s fill up qt time make sure to give us a call to see what we can do to help you & your family stay stress free this season.

At Global Equity Finance we want to make your home as happy as we can for the holidays.

(800)245-EASY (3279) or stop by our website at www.geqfinance.com 

Smarter Loans, Happier Homes

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It’s Time to Make Your Moves

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I don’t know about you, but money is the last thing I want to think about when I’m doing my holiday shopping. This year I can’t tell myself “It’s ok, I’ll deal with my finances after the New Year.”…

The Federal Reserve is holding it’s follow up meeting on December 15th & 16th to decide if they want to raise the short-term interest rates.

If you’re like me you might be thinking “Oh I don’t own a home this doesn’t affect me.”  However, (dramatic pause for effect) we are COMPLETELY wrong.

If the Fed decides to raise the interest rates, it becomes more expensive for banks to borrow money which in turn gets passed onto the us…

Not only does this raise affect home mortgages, but it will also affect your credit cards or any other commercial product’s interest rates.

Most people tend to rack up pretty high credit card bills during the holiday season to buy their loved ones gifts, I am no different. With this rate raise coming though, I started to panic & wondered what I could do to prepare my finances for this hit.

The obvious would be to pay off all or most of my credit card debt & put away the cards. For me that means no more Starbucks binges… EEK!

If you can’t manage to pay off all of that debt you can look into getting another card that has a lower APR & a zero-percent transfer policy. What that means is that any card balance you have that has a high interest rate you can transfer to a card with a lower rate to pay it off easier without having to pay all that pesky interest.

Another easy step could be allowing our team here at Global to take a look at your mortgage and see where we can save you some extra money by refinancing. If you’re on an adjustable-rate mortgage now is the time to lock in a long term fixed rate while rates are still at record lows. Even if you are on a fixed rate mortgage & you’re happy with your rate, we can get some cash out of your home to pay off that debt or to shower your loved ones (or yourself) with gifts this season.  

If you’re like me and you don’t own a home yet, now could be the right time to take that step. Home prices are only expected to keep rising right along with the interest rates of the loan needed to buy that home you’ve had your eye on.

Here in Sunny San Diego we have the sunshine tax & unfortunately it gets added onto everything, especially rent… Why throw away your hard earned money on renting a temporary place when you can put that same payment towards building a home & future for yourself?

If you hold stocks or bonds, it’s time to reevaluate those assets. Once the rates start climbing the value of those bonds will take a steady decline in value & if you’re not planning onto holding onto these for the long haul, it’s time to cash in.

 

Let us help you figure out your options & how we can save you your hard earned money.

Give us a call at (800)245-3279 or visit our website at www.geqfinance.com

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A Salute To Our Veterans!

Roger, copy, coming in!

The largest annual air show in The United States took place in San Diego over this last weekend, October 2nd-4th. Aircrafts were soaring high and low, audaciously performing for an estimated audience of 700,000 people!

A variety of different types aircrafts were exhibited as well as flown.

During the three-day event, the show’s daily performance agenda included military and civilian aircrafts, with the spotlight on the U.S. Navy Flight Demonstration Squadron, the Blue Angels, and a special Saturday night “Twilight” Show.

Since 1999, the Miramar Air Show has often featured a Navy Legacy Flight, where modern jets fly in formation with aircraft from previous eras in celebration of military veterans and naval aviation history.

That’s really what this whole event was about. Celebrating our veterans, the mean & women who sacrifice themselves for our Freedom.

Now that you’ve fought for our Freedom, we want to fight for yours. Your Financial Freedom.

At Global Equity Finance, we work with The U.S. Department of Veterans Affairs to ensure that when it comes to buying a home for our veterans and their family, they have the best possible option.

Our VA Loan Program has a multitude of never-ending benefits for our veterans. You can purchase a home with ZERO down payment, there’s NO monthly private mortgage insurance, you can take cash-out, and the list goes on and on.

These benefits are here to make purchasing a home easier and more accessible to those who have served our nation.

If you think you qualify for a VA Loan, you’re probably right.

Give Chris Logorz, one of our Veteran Senior Loan Consultants, a direct call (858)952-7795, to see what type of VA Loan we can get you started on.

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“Do it Yourself” Home Improvement Made Easy

Do you ever start on a home  improvement project and then become overwhelmed with the amount of work that goes along with it? Starting a new garden or retiling your kitchen may not be the best thing to begin unless you have a plan of execution. Sometimes we overextend ourselves and become weighed down by the task at hand.

The DIY network has created some great home improvement tips that are super simple and step-by-step to keep you in charge with the project that you set out to accomplish! Check out awesome videos, pictures and how-to guides here to knock those home projects out with ease: http://www.diynetwork.com/how-to/topics/home-improvement

What are some of your DIY home improvement projects? We would love to hear them!home-improvement-DIY-projects

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Global Equity Finance: Our Goal is to Help You Accomplish Yours

Global Equity Finance is here to help. When inquiring about a home mortgage loan or the refinancing process, many turn to the big banks, such as Chase, Bank of America, Wells Fargo, Capital One, or CitiBank. If not a bank, they turn to the bigger, more well known mortgage lending companies such as Quicken Loans, Lending Tree, or AmeriSave.  Global Equity Finance can provide something different  – a personal touch. Being a smaller company, we get to know our borrowers on a personal level to find out what their refinance and loan goals are and work diligently with them to find the perfect loan program to suit their needs.

global-equity-financeWe realize being in the mortgage industry that we have the opportunity to change lives. Refinancing with us could open up many new doors and allow for more leisure and less stress in your life.

Our expert Loan Consultants have many years experience in the Mortgage Lending and Finance industry and go through intense training to ensure they are knowledgeable and can provide you with the best possible service.  Our Loan Consultants are trained to get to know the potential borrower, determine their needs and goals, and find out what loan program availability we have for them. Being a full service lender and broker, we can often provide more options than most banks or mortgage companies.

In the end, numbers don’t lie.  The way we do business and our success with our borrowers reflects in our A+ Better Business Bureau rating as well as our 5 Star TrustLink rating. With over 100 reviews, we are especially proud. Contact us today for a free quote, and join those hundreds of people talking about how amazing we are.

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How to Improve Your Credit Score

how-to-improve-credit-scoreIt can only take a few missed payments, and the next thing you know your credit score plummets. Now not only do you have a low credit score, but it can take a year or more to rebuild it. For those interested in taking out loans for a new home or car, or looking to refinance an existing loan, having a low credit score can really limit opportunities.

Now the golden question becomes ‘what can I do to improve or repair my credit score?” And, ‘how can I expedite the process of rebuilding my credit?’ Below is a checklist of easy steps you can take to rebuild that score from red to green.

  1. Take a look at your credit card balance(s). This seems obvious, right? However, it’s crucial to improving your credit. In order to improve your credit score you need to have a low debt to credit ratio. Try and keep your balance(s) as low as possible (below 30% credit line usage is recommended). If you’re having trouble paying your bills, even the minimum payment, contact your bank. They’d rather hear from you that you’re making an effort to pay but having trouble. Because you’re taking a proactive approach, they’ll often work with you to lower your monthly payment and interest rate under certain circumstances.
  2. Set reminders. Better yet, set up auto-pay. As you get older, the bills continue to pile on. It can be hard to remember each and every due date and amount. Set reminders on your computer or phone or set up an auto-pay so that at least the minimum payment is paid each month on time.
  3. Eliminate unnecessary credit cards and their balances. Got a card to your favorite retail store with a balance of $100? Maybe you have a few of these. One thing that affects your score is how many cards you have open. By eliminating a few of these and paying those balances off will help your score.
  4. Check your credit report. You’re able to check your credit score for free at each of the three credit bureaus. Use that to your advantage and check it every few months to see where you stand.
  5. Don’t transfer your debts from one card to another. Pay off what you can, when you can on both cards. Also, if you have an unused card, don’t just close out the account for a quick fix. Part of your score is determined by how much line of credit you have available. At the same time, don’t just open a new card to have more credit available. Too many cards can hurt your score (See #3)
  6. Avoid maxing out your card(s) at all costs.

Making payments on time month after month is essential to rebuilding your credit. Consistency is key. Again, if you’re having trouble making even the minimum payments, pick up the phone and talk to someone. After all, we’re all human which means we’re not perfect. However, if you make an effort, people will work with you. Follow these steps, including monitoring your score and you should start to see it rise over time. Good luck!

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