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Created with Fabric.js 1.4.5 Rent has gone up.. There are places where you can get over 8% cap rate.It's time to move! I've found some winning propertieshidden in the last place you'd look, and you'll get all the credit when someone asks! Call me to find out where they are. Investors: Buying A Home Just Got Easier Buyers: If you are still waiting for the light to green, it did. About 3 weeks ago, in fact, when the Fannie Mae lowered down payment requirements back down to 3%,and then the FHA piled on, lowering the Mortgage Insurance Premium (MIP) that you pay until you have equity, from 1.35% to .85% of the value of the home. That's like the bank giving you an extra 1/2 point off a loan!It seriously will not get better for homebuyers than this.Home prices are projected to rise moderately (4.5%) by the end of the year. It makes no sense to wait. By the way, with just 3% down, at 4% interest, that $400,000 home mortgage (thank you, FHA!) including tax and insurance should be around $2,500. The Gallatin GroupJanuary Update Selling A Home Just Got Easier Too Housing inventory is low.It is a great time to put your home on the market.Buyers at this time of year are more serious, as they are looking out of necessity. Your home will have much less competition from now until late March.Fannie Mae lowered the down payment needed for first-time buyers, making your home a possibility for a new set of buyers. Call Sona For More Information:(818) 261-8306 CalBRE 01488764 Copyright 2015 Keller Williams® Realty, Inc. If you have a brokerage relationship with another agency, this is not intended as a solicitation.
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