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.


Home Loan Down Payment Options When Low on Cash

Coming up with a down payment for a San Diego home loan can be quite a feat for potential homebuyers seeking to take advantage of low prices and mortgage rates while they still can. If you’re having that problem, there are several options you might not have considered that can help you meet the down payment requirement for a mortgage loan.  And we’re gonna list the top 5 here, in no particular order:


On asking the family for help

Many of us, when we’re just starting out on our own for the first time, receive some financial support from our parents when we buy a home.  And that’s fine to lenders — so long as you let them know the money you’re receiving is a gift and not a loan.  If you’re lucky enough to have parents that can support you THAT well financially, you’ll want to make sure and request a gift letter to present to lenders, stating who the money came from and its purpose.

Tap into those retirement funds

Yeah, no one really wants to tap into their retirement funds until they actually HAVE to, but when you need a place of your own to hang your hat every night, some sacrifices have to be made.  You can borrow money from your 401k, assuming your employer allows it.  You don’t have to worry about any penalties for early withdrawal of funds, but you do have to pay the loan back in 5 years, plus interest.  But since that money’s going back into your 401k anyway, it’s not too bad a trade-off.

Look into a VA or FHA mortgage loan

Most people already know that if you’re a veteran or active member of the military, you can get your hands on a nice, shiny VA loan.  These are great because not only are they backed by the government, they also rarely require a down payment of any form whatsoever.

And if you don’t qualify for a VA mortgage, don’t worry — you could also consider a government-backed FHA loan, which only require a 3.5% down payment, meaning you could buy a $200,000 home if you can pull around $7,000 together (with closing costs generally rolled into the loan).  With no income limitations to consider either, this isn’t a bad option for those looking.

And wouldn’t you know, we have a team full of people who can do just that!