Get ready for the latest updates on loan rates that will empower you to make informed decisions in the dynamic world of real estate financing.
No matter if you’re a homeowner, a first-time buyer, or a savvy real estate investor, staying up-to-date with current loan rates is essential. In this week’s update, we turn our focus to rates specifically tailored for primary residences in California, featuring a 20% down payment, $500,000 purchase price, a 30-year fixed term, LPC. The DSCR rate is tailored for an investment in California, featuring a 20% down payment, a 30-year-fixed-term, BPC. Are you ready to dive into the details? Let’s explore the rates for conventional, FHA, VA, and DSCR Investment loans, providing you with the insights you need to navigate the financing landscape effectively.
Conventional: 8.375%
FHA: 7.490%
VA: 7.490%
DSCR Investment: 8.750%
If you’re in the market for a loan and need assistance, our team at The One Brokerage is here to help. Visit our website here to explore our loan options and find the right financing solution for your real estate goals and email us at intake@theonebrokerage.com to speak to one of our loan officers.
In the journey towards financial freedom, it’s essential to remember that sometimes, taking the safe and conventional path may not lead to the desired destination. Safety doesn’t always equate to success.
While this doesn’t imply recklessness, it underscores the importance of not assuming that conservative or cautious approaches guarantee prosperity. In some instances, such as financial independence, playing it overly safe can actually hinder progress.
Consider this scenario: Individuals who remain steadfast on their current financial path, characterized by caution and avoiding calculated risks, might find themselves working longer than they anticipated. Financial freedom could remain elusive if they don’t explore alternative strategies.
The key takeaway here is to strike a balance between prudence and calculated risk-taking. It’s about finding opportunities that align with your goals and being open to different approaches. Sometimes, the road less traveled, though seemingly riskier, can be the quickest route to your financial aspirations.
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Check out this clip from one of our mastermind calls where we talked about handling challenging situations.
Many folks focus on the total interest paid when refinancing a property over 30 years. This makes sense when you’re using the funds for non-investment purposes like a vacation or a car. You want to know how much it’s costing you in the long run.
But, if you’re reinvesting the money, shift your perspective. Ask, “How much am I spending over 30 years to borrow it versus how much am I making by reinvesting it?” The potential returns from wise reinvestment often far outweigh the interest paid. So, don’t just wonder about the cost; think about the potential gains.
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Check out my new YouTube video, “Short Term Tenant Nightmare: Is this the future of AirBNB?” here!
