My New Blog

Homeownership is at the lowest level since 1965 indicating rising property prices, high rents and stagnant pay. Here are the average asking monthly rents for a one-bedroom, one-bath apartment in May 2015 (not including utilities) in Washington state:

 . Seattle        $1,445
 . Bellevue      $1,635
 . Kent            $848
 . Everett        $1,048
 . Renton         $1,058
 . Federal Way $825
 . Kirkland       $1,359
 . Redmond      $1,347  

If you are afraid of becoming a homeowner - let me share with you some of the myths of becoming a homeowner: 

• You do not have to have 20% down payment to buy a house. We recommend that you put down 20% to avoid paying for Mortgage Insurance. However, at Pacific Coast Financial - we can help you with as little as 3% down payment.
• You do not have to pay all of the closing costs.  We can help you negotiate for the seller and/or the lender to pay some of the closing costs.
• You do not have to have a perfect credit. We prefer that you have 720 and above. However, we can help you to become a homeowner with as little as FICO score of 500.
• Fear of becoming a homeowner? Let me help you with a home warranty that will cover most of your regular maintenance or buy a condominium unit.
• Let me show you affordable properties in Seattle.
• Portfolio diversification with positive Return On Investment (ROI).
  
• With home equity rising the fastest here in Washington - it can be extracted later on at retirement with reverse mortgage.
  
• See how much you can qualify if you are paying this much per month in rent. Monthly mortgage payment includes Principal (P) + Interest (I) + Taxes (T) and Insurance (I) - PITI. If you are buying a condo - it will also includes Homeowners Association (HOA) Dues.
  
• Property taxes and mortgage interest are fully deductible on your tax returns.
  
• Fully compare costs of renting to the costs of buying a home.
  
• Let me assist you in finding which home financing fits your budget and timeline.
  
• Let's review what your FICO score is.
  
• If I am still not convincing you enough to become a homeowner- then at least buy REIT. 
  

Above all - let me show you how easy it is to achieve the American dream. Your first step is to obtain a Pre-Approval. Call me for your free consultation.