Affordability - Watch it Slip Away?

THE FACTS ABOUT HOMEOWNERSHIP:

49% OF MILLENNIALS SURVEYED SAID THEY ARE UNAWARE OF THEIR QUALIFICATIONS TO OWN A HOME.

INTEREST RATES = PRICE OF MONEY TO BORROW FOR HOME PURCHASES. SUPER LOW INTEREST RATES ARE THE RESULT OF THE LINGERING GREAT RECESSION. (LACK OF DEMAND FOR MONEY TO FINANCE BUSINESS GROWTH). BANKS ARE THROWING MONEY AT HOMEOWNERS (QUALIFIED BUYERS ONLY…. SINCE LOANS TO UNQUALIFIED HOMEOWNERS CAUSED THE HOUSING “BUBBLE” TO “BURST”.)

DUE TO SUPPLY AND DEMAND FOR HOMES IN SOUTHERN CALIFORNIA (ONE OF THE MOST DESIRABLE PLACES TO LIVE IN THE WORLD WITH CASH BUYERS APLENTY), PRICES OF HOMES ARE ON THE RISE AGAIN (NO BUBBLE THIS TIME)

AN OVERWHELMING MAJORITY OF POLITICIANS ARE IN SUPPORT OF STEPS TO GROW THE US ECONOMY (THINGS ARE CHANGING – BIG TIME!)

WHAT DOES THIS MEAN TO ME?

WHAT DOES THIS MEAN? IT MEANS THAT ONCE THE DEMAND FOR MONEY TO FINANCE ECONOMIC RECOVERY BEGINS, BANKS WILL RAISE THE RATES BECAUSE THEY KNOW DEMAND IS STRONGER.

IT MEANS THAT THE HOME YOU QUALIFIY TO BUY NOW MIGHT BE OUT OF REACH IN AS SOON AS ONE YEAR.

BELIEVE IT! PAY ATTENTION TO THE FACTS. LOCK IN YOUR HOME PRICE AND INTEREST RATE ASAP!

KNOW YOUR OWN QUALIFICATIONS

If you are renting a home, it is high time that you know what you qualify for NOW, while you still can choose to own a home. Once you understand the numbers about owning a home, you just might (likely WILL) make a smart decision for your financial future as well as the quality of life for you and your family. Your rights as a homeOWNER are much different than those of a tenant without the uncertainty of a month to month or annual lease.

My name is Bob Bodemer. I have served my clients in the Temecula Valley for 15 years. I believe in the strength of this community for families.  CONTACT ME to get you started on the path of owning your own home.

Sincerely,

Bob Bodemer 951-833-8302

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