San Diego, California
Telephone - Cell:
(619) 300-8819
Facsimile:
(619) 229-0048
E-mail:
Click here to email Bob
Copyright © 2006 by Bob Schwartz San Diego real estate broker Certified Residential Specialist
Promotions Unlimited All rights reserved. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. All copies must include this copyright statement. | | Counting Your DollarsBy Bob Schwartz, CRS, GRI, San Diego real estate broker
Making the move into a home is more than just getting on the right land. More critical than any part of the real estate business are the investments and finances that are a part of the procedure. If you are looking at any type of property, you will want to invest some of your time becoming familiar with the financial choices that are available to you.
The basic set of terms you will want to become familiar with is with loans. There are several types of loans and arrangements of loans that are available to you. Be wary, however, because you can end up spending more than you want or need to with specific types of investments. You will want to know how the loans are divided, precisely what you will be making payments on, and how this will affect your investment in the real estate.
After this, you will want to review your own finances in order to see how they will work out with the loans. If you have other loans, such as car loans or student loans, it is necessary to factor them into what you will be paying with your home loan. You will also want to asses things such as your credit report and your financial plan. Your financial history and your present situation makes a large difference in what you are able to pay on a property.
If you aren't finding something that fits perfectly, it will simply be a matter of changing the rules a tiny bit. Although you will mostly be looking at the ways you will be spending money and how this will change your lifestyle, you can also look at ways to deduct the money back off of your investment. There are options for deductions off of taxes and investment deals to assist you, for example, if you need to cut back expenses for a while.
More than the ability to pay thousands of dollars every month is the reassurance you have gotten into the right deal. Understanding and appraising your situation to see how it will fit into a loan plan will make a great difference in the type of investment you make. Before placing your money somewhere else, you should always make sure that it is a place meaningful to you.
Back To San Diego Information |  |
