Andre Enriques Mortgage Banker - VA Loan Expert » home

401K Versus Home

andrefunds4u@sbcglobal.net — Mon, 03 Apr 2023 19:08:52 +0000

401K Versus Home

Are you struggling to decide where to invest your hard-earned money for the best returns?

As it turns out, investing in a home could give you better returns than your 401k. This has been proven time and time again. According to Rocket Homes, homeowners who purchased their homes 7-10 years ago have seen their homes appreciate 46.6% since they bought them, providing long-term stability, security, and profound tax benefits. Real estate investing for the very first time can seem quite overwhelming but very rewarding, here’s what I would tell you:

“90% of all millionaires become so through owning real estate.”

-Andrew Carnegie

So, why is investing in real estate so great? Here are 5 reasons:

1) Passive cash flow.

2) Asset appreciation.

3) Tax benefits.

4) Leverage.

5) Growing equity.

It’s true. Buying a home is a life-changing decision — and one no one should take lightly. If you’re thinking of buying, my advice is to gather as much info as you can from friends, family members, and industry experts like me!

Top of the list is getting prepared by securing a mortgage.

Then…

Make the decision after you’ve learned more about a mortgage if you want to buy. Here are the pros and cons of renting vs. buying.

PROS AND CONS OF BUYING

Pros: Build equity, fixed monthly payment, tax benefits, can remodel and customize, stability

Cons: down payment required (in most cases), upkeep and maintenance costs, property taxes, HOA fees, not easy to move

PROS AND CONS OF RENTING

Pros: Upkeep and maintenance costs covered, no property taxes, avoid market fluctuations, easy to move

Cons: Won’t build equity, rent may increase, no tax benefits, can’t remodel or customize, pets may not be allowed (sniff, sniff).

No matter where you find yourself in life, it’s never too early or too late to begin investing in real estate, even if you only have a few hundred dollars to start with.

The post 401K Versus Home appeared first on Andre Enriques Mortgage Banker - VA Loan Expert.

New Year New Opportunities

andrefunds4u@sbcglobal.net — Sat, 07 Jan 2023 04:16:26 +0000

New Year New Opportunities

New Year New Opportunities is a great way to start 2023. The start of a new year is the perfect time to take advantage of real estate buying opportunities and to make positive financial changes in your life. Working with the right mortgage banker is a great way to do just that. As a broker and direct lender, I can help you find the best loan product for your needs, answer your questions and provide guidance throughout the process. With my professional guidance, you can make sure you’re making the best decision for your financial future.

Buying Real Estate

If buying real estate is in your new year goals, my team and I would love to help. Buying real estate is a major financial decision, so it’s important to be informed and well prepared before taking the plunge. Working with a mortgage banker is a great way to get the advice and guidance you need to make the best decision for your particular circumstance. I can help you understand the loan products and processes available, explain the details of each loan, and assist you in finding the best loan for your needs. Furthermore, I can answer any questions you have and provide valuable insight into the current market conditions.

When it comes to working with a mortgage banker such as myself, it is important to take time to get to know them and assess their character. Researching the individual, their past work, and their qualifications can help you decide if you can trust the person and the work they are doing. It is also important to establish open communication and set clear expectations to ensure that everyone is on the same page. I pride myself in being a 5-star lender with over 150 on-line reviews and 21+ years’ experience in lending. My goal is to help you meet your goals by providing great loan programs, competitive rates, honest answers, and stress-free closings.

The post New Year New Opportunities appeared first on Andre Enriques Mortgage Banker - VA Loan Expert.