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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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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Tips for Getting Your Home Ready to Sell

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Today’s real estate market is swarming with great deals, especially here in San Diego. As you are preparing to sell your home, what are the most important factors in determining how long you will wait to get a bite? What are some of the things that you can do to improve the chances of selling within the first year? Obviously, you want to get what you put into it, and then some.

So, that being said, what’s next?

First, you should find out what exactly your home equity is, and then take up to 20% off of the price. Once this happens, there will be multiple bids all increasing the price of what you are asking.

Advice:

When your broker sets up an open house or walk through, you want to make sure that you turn up the light! Make your house cheery and welcoming. Have your belongings tidy and organized, no one likes a messy house—that is of course if it is not their own.

What is one of the biggest factors when choosing a home?

SPACE! A tip to open up some space and make your house look more roomy is to clear out unnecessary items from your bathrooms, closets, and cabinets.

Turn OFF:

Pets are not what a potential buyer wants to see when walking through their future house. Their hair gets stuck everywhere and whether you know it or not, it smells. Make sure they have a place to go if you have buyers coming by to check out your crib.

Always remember: the first impression is the only impression. This is the only chance you will get to show your stuff and gain a potential bid. We hope that these tips will help you when you are selling your home. Good luck!

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Cash Out and Win Big

cash-out-refinance

Since we have been discussing when to refinance, we thought it might be helpful to talk about a cash out refinance and whether the consumer—you—should pursue a new home loan.

If you have done your research, you know that if you have a good amount of equity in your home it can be beneficial to you as a homeowner to do a cash out refinance because it allows you to turn that equity into cash money. If that sounds like something you’re interested in pursuing, read on.

So just what is a cash out refinance?

A cash out refinance involves taking out a new home loan that is higher than what you currently pay. The benefit of this is that whatever the difference is between the old loan and the new loan will be given to you in cash. So, say you have a home worth $400,000 that you currently owe $300,000 on.  If you decide to go with a cash out refinance, you could receive a portion of the $100,000 in home equity that you have in actual cash.  If you wanted to take out $20,000 in cash, that would then be added onto the principal of your new loan, so keep that in mind when deciding how much to take out.

When should I use a cash out refinance?

Cash out refinances are good for a number of situations. If you are in a bind with a large purchase or investment, interested in lowering your monthly debt payments, or other financing options are just too expensive then cash out is the perfect solution for you. There is no catch, you can use the cash for anything you’d like.

Interested in learning more about cash out refinances? Call us now at (858) 500-4638 or fill out an online contact form!

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