Gabriel Rios - First Bank Mortgage

HOUSING AFFORDABILITY HAS BECOME A CHALLENGE FOR MANY BUYERS.
Elevated interest rates have caused mortgage payments to remain at their highest point in over two decades. Meanwhile, rents have also increased dramatically in the past several years. This is putting a squeeze on potential homebuyers. Here are two ideas that can help:

Consider a seller-paid 2-1 buydown. A "Seller-Paid 2-1 Buydown" is where the seller pays a fee at the closing to reduce the interest rate on the buyer's mortgage by 2% in year 1 and 1% in year 2. This results in temporarily lowering the buyer's monthly payment and making the home more affordable for them.
Consider seller-paid points. Points paid by the seller at closing can reduce the buyer's interest rate and monthly payment, making the home more affordable. While a seller-paid 2-1 buydown has a much bigger impact on the buyer's monthly payment in the first two years, seller-paid points may save the buyer more money over the long term.

If you need help, reach out and we will gladly help!

Here at NEO, we often encounter various concerns when it comes to buying a home; however, it's interesting to note that there's always a solution!

We can't emphasize enough the importance of being well-informed when it comes to real estate investments. While buying a home may not be as complex as it appears, navigating the process can become challenging without a lender who takes the time to guide you through the details. This is where we step in!

We'd be delighted to discuss home loan options with you. If you'd like to learn more about the programs that are available, send us a message!

When it comes to selling your home, less is certainly not more.

Investing in high-quality photography and/or videography for your home listing can help improve the overall appeal of your property. 📸🎥

You want your prospective buyers to envision themselves in your home as their own. 😁

Listen in to this helpful ! 🏡

If you are considering making updates to your home while you own it, first think – what will most increase the property value of my home?

Something as small as repainting the walls before you move, cleaning your carpets, or having an electrical inspection done can help INCREASE ⬆️ your resale value quite a bit.

Let’s BUST a common home buying myth! 🔍

“It is cheaper to rent a home or apartment than to buy your own home.”

While it is true that there are additional expenses associated with buying a home, such as home maintenance and property taxes, homeownership can help you to build EQUITY which is money going into your pockets instead of a landlord’s. 💸💸

Some bunny 🐇 told me you were looking to purchase your first home...

Come to me for all of your home buying questions.

I would be hoppy to help you find the home of your dreams in your DREAM location! 🤩

Here today with a to share! 👋

Start your neighborhood search early on, even before your home search. 🔍

Take some time to drive around the area you are interested in during different times of the day. This will help you to determine what you like and maybe don't like about the area.

Have you ever considered investing in a fix-and-flip property? 🛠️

There could be quite a few benefits to putting money into this type of property…

✔️ Avoiding the high costs of renting
✔️ The ability to customize the property to your specific taste
✔️ Future opportunities for new streams of income by renting out your finished property

If you are feeling similar to our friend, Kevin, here...no need to fear! 🙌

Deciding to purchase your first home can bring a plethora of emotions, including excitement, fear, and worry. My job is to help you feel more financially prepared as you enter your . 🏠

Send me a DM today to talk details. 😁👍