Lee Ginsburg

Great Loan Options are Here!!!
September 9, 2011 · · 1 Comment
Dear Homeowners and Potential Home Buyers,
I want to let you know of a great opportunity. Interest rates!!!
Interest rates are at record lows. We have been hearing that for a few years and our government plans to keep it way for a few more. With that said mortgage interest rates do fluctuate daily.
Many people think loans are difficult to get. That is a misnomer. Just prove you can afford the payments and you get the loan. The bank might ask lots of questions and request lots of papers but they are willing to offer you a loan and guarantee to hold the same price for the next 30 years. Do you know of another product or service that guarantees the price for the next 30 years?
30 year fixed rates today are 4.25-4.5%. For your knowledge a 1% increase will affect a $500,000 loan by about $300. A 10% price adjustment will affect your payment by about $250.000. I am trying to show the influence of interest rate on your monthly payment.
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Many people believe you need 20% down payment or equity for refinancers to get a loan. Another misnomer, that is not correct. With all that has happened in our banking system it is unbelievable but you can still obtain a loan with only 3.5% down payment or equity.      Read more
Lee Ginsburg

Top 10 Reasons to Purchase Bay Area Real Estate in Today’s Market
March 2, 2009 · · 5 Comments

Top 10 Reasons to Purchase Bay Area Real Estate in Today’s Market

1.      Interest Rates are near 40 year lows.  You can lock in your housing costs for the next 30 years if you buy not if you rent. 

2.      Property Values are at 5 year lows. Some areas have declined in value as much as 60%.  Bay Area Real Estate has a long history of recovering and appreciating.

3.      There is a large inventory of homes to choose from with Motivated Sellers.  Individual owners and banks selling today must sell. 

4.      Getting a loan today is not difficult.  It is easy.  Just show you can make the payments.

5.      Conforming Loan Limits have been increased to $729,750 allowing for low interest rates on these loans. Works well in San Bruno, South San Francisco, Daly City, San Mateo, Millbrae and other cities.

6.      FHA has loan programs with a minimum of only 3.5% down.  Veterans can take advantage of VA loans with no money down.

7.      First time Home Owners will receive an $8000 Federal Tax Credit.  (First time is considered not owning a home in the previous 3 years.) Income restrictions apply.

8.      Any buyer regardless of income or ownership type will receive a $10,000 California State Tax Credit when purchasing a new home or condo.  It is suggested to use a Real Estate Agent to assist you in negotiating even more with new home builders.   First time New Home Buyers can combine both Federal and State credits for a total of $18,000.

9.      Investors can obtain a positive cash flow in some areas with 25% -30% down.

10.  You will be respected as a good and smart American doing your part to help our economy. You will receive a personalized Thank You note from Pres. Obama, Gov. Schwarzenegger, your Realtor and Lender.  Oh! In 5 years you will take me for dinner thanking me for helping you make so much money.  It is a Window of Opportunity.  This is the Bay Area Real Estate’s “Perfect Storm”.  It will not last forever!!! Don’t let it pass you by!!!

“It Is Better To Own Real Estate and Wait, Than Wait to Own Real Estate”

www.leesellsmore.com

 

Lee Ginsburg

Learning to Budget! Kudos To The Teacher.
December 28, 2008 · · 6 Comments

As many of you are aware my Prudential office in San Bruno, Ca. is the largest single independent Prudential office in the country.  We are very progressive and have kiosk in several of the regional malls in the area.  As I had my shift just before the holidays, a young boy, I’d say about 12 or 13 was looking at some listings.  I let him look for a while and then approached.  He told me he was 30 years old and looking for a rental for his family of 4 with a $60,000 annual income.  I did a double take and he explained he had a home work assignment to balance a family budget including housing.  I helped him find a few rental homes in the area.  The reason for me writing about this, I thought it was a great assignment; Reality, Life.   I think this should be taught in detail to all high school seniors and to all purchasing a home.  I believe saving should be part of a family budget.  The savings could be for a down payment, home maintenance, vacation, rainy day, etc.  Read more