downtown San Diego real estate   mls listing 

San Diego real estate agent

Jared Schwartz,

brokerforyou.com

 

San Diego brokerforyou.com

San Diego brokerforyou.com

Home
Contact Us
Real Estate
Agent Overview
Seller Resources
RMV Sales
San Diego Information
Real Estate
San Diego Attorneys
Article Index
Search
Agent Profile

Located in:

San Diego, California

Contact me:

Telephone - Cell:
(619) 913-0303
 

Facsimile:
(619) 471-2040

 

E-mail:

 Click here to email Jared

Copyright 2007 by

Jared Schwartz

San Diego real estate broker
Promotions Unlimited

All rights reserved.

 

Deciding on the Loan You Need to Get


It isn't always painless to decide which type of loan will be to your advantage you the most. All of the possibilities that are opened to you are different and will provide you with various benefits. Before jumping into a loan, you want to make sure that you have evaluated your individual needs. The main idea behind a loan is to help you financially in more than one way.

The first contemplation to make for a loan is by knowing how long you plan to stay in a particular area. If you plan to move after a few years, you want your records from your loan to show that you have invested in the property. If this is your plan, then getting a loan that allows you to pay unlimited principle while you are there will help to show the benefits. If you want to stay for a longer term and pay off the home, then finding something like an interest first loan will work better. With any type of loan, timing is everything.

The second evaluation that you will need to make with the loan options offered to you is with how much you are able to pay each month. If it is a larger amount, then you might want something that is fixed or more stable. At the same time, if you are not in a financial position to pay a lot now, but know you will later, you can get something that will increase by percentage rate over time. If you are in the situation where you expect increased income, you can also consider a balloon, which will have you pay a large amount during the closing of your home. Determining what is best for you and your financial situation is important when deciding on a loan.

Of course, a lender will always be on hand to help you with your distresses and to answer your questions. Keeping yourself open to options, understanding your financial positioning and evaluating your individual needs can help you to invest your money the right way. By doing this, you can build your own investments into larger profits over a period of time.

Back to San Diego downtown real estate article index

 

San Diego Agent