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  • Intero - Rancho Cucamonga | Edward Rodarte Real Estate Group Blog

    Saturday, July 20, 2019   /   by Edward Rodarte

    Should I Refinance My Home?

    With the recent lower interest rates, many homeowners are wondering if they should refinance.
    To decide if refinancing is the best option for your family, start by asking yourself these questions:
    Why do you want to refinance?
    There are many reasons to refinance, but here are three of the most common ones:

    Lower your interest rate and payment – This is the most popular reason. If you have a 5% interest rate or higher, it might be worth seeing if you can take advantage of the current lower interest rates, hovering below 4%, to reduce your monthly payment and overall cost of the loan.
    Shorten the term of your loan – If you have a 30-year loan, it may be advantageous to change it to a 15 or 20-year loan to pay off your mortgage sooner.
    Cash-out refinance – With home prices increasing, you might have enough equity to cash out and invest in something else, like your children’s education, a vacation home, or a new business.

    Once you kno ...

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    Friday, July 19, 2019   /   by Edward Rodarte

    Home Price Appreciation Forecast

    Questions continue to come up about where home prices will head throughout the rest of this year, as well as where they may be going over the few years beyond.


    We’ve gathered current data from the industry’s most reliable sources to help answer these questions:


    The Home Price Expectation Survey – A survey of over 100 market analysts, real estate experts, and economists conducted by Pulsenomics each quarter.


    Mortgage Bankers Association (MBA) – As the leading advocate for the real estate finance industry, the MBA enables members to successfully deliver fair, sustainable, and responsible real estate financing within ever-changing business environments.


    Zelman & Associates – The firm leverages unparalleled housing market expertise, extensive surveys of industry executives, and rigorous financial analysis to deliver proprietary research and advice to leading global institutional investors and senior- ...

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    Thursday, July 18, 2019   /   by Edward Rodarte

    5 Powerful Reasons to Own Instead of Rent

    Owning a home has great financial benefits.


    In a recent research paper, Homeownership and the American Dream, Laurie S. Goodman and Christopher Mayer of the Urban Land Institute explained:




    “Homeownership appears to help borrowers accumulate housing and nonhousing wealth in a variety of ways, with tax advantages, greater financial flexibility due to secured borrowing, built-in ‘default’ savings with mortgage amortization and nominally fixed payments, and the potential to lower home maintenance costs through sweat equity.”



    Let’s breakdown 5 major financial benefits of homeownership:


    1. Housing is typically the one leveraged investment available


    Homeownership allows households to amplify any appreciation on the value of their homes by a leverage factor. A 20% down payment results in a leverage factor of five, meaning every percentage point rise in the value of your home is a 5% return on your equity. If you put ...

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    Wednesday, July 17, 2019   /   by Edward Rodarte

    4 Tips to Sell Your Home Faster

    Since June of last year, we have seen an increase in the inventory of homes for sale month per month. Every spring and summer, the inventory increases because people want to sell their home. For those with children, they may want to be in their new home for the beginning of the school year.


    If you are one of those sellers, you may find these 4 tips helpful in getting your home sold more quickly.


    1. Make buyers feel at home


    Declutter your home! Pack away all personal items like pictures, awards, and sentimental belongings. Make them feel like they belong in this house! According to the Profile of Home Staging by the National Association of Realtors,




    “83% of buyers’ agents said staging a home made it easier for a buyer to visualize the property as a future home.”



    Not only will your house spend less time on the market, but the same report mentioned that,




    “One-quarter of buyers’ agents sai ...

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    Tuesday, July 16, 2019   /   by Edward Rodarte

    Americans’ Powerful Belief in Homeownership as an Investment

    The Federal Reserve Bank (The Fed) recently released their 2019  Survey of Consumer Expectations Housing Survey. The survey reported that 65% of Americans believe homeownership is a good financial investment. Since 2014, the percentage has increased by over nine percent.The Fed’s survey also showed that when the results are broken down by age, education, income, or region of the country, more than 55% of Americans in each category see homeownership as a good investment.


    This coincides with a recent Gallup survey of Americans which revealed that real estate was their number one choice for the best long-term investment when compared to stocks, savings accounts or gold.


    Bottom Line


    Americans' belief in residential real estate as a good financial investment continues to grow as the housing market returns to normalcy.

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