|
|
Shawn, We just wanted to thank you for all of your help during the process of buying our home. Thank you for making us feel comfortable and doing everything you could to make the process go smoothly.
Steve & Sharon
|
More rave reviews...
|
|
Are you a homeowner
or an aspiring homeowner?
What if everything you thought to be true
about financing your house turned out to be wrong?
When would you want to know?
We work with homeowners and aspiring homeowners in Southern California who want to know how financing a house can affect their financial future.
While owning a house is The American Dream for many, it can turn into a nightmare. Especially if you don't understand the impact that financing a house can have on your financial future. Today, owning a house has become more associated with financial independence than ever before and owning a house can be one of your best tools for creating wealth. While a house is a place to live and work, it can be an instrument for tax deductions, asset diversification, leverage, wealth accumulation, wealth transfers, and charitable giving.
But is now a good time to buy?
With all of the negative media coverage of the housing market, many aspiring
homeowners are wondering if now is a good time to buy. Since 1945,
the median house price in the United States has risen by an average of 6.23% per
year. While you should not expect the value of your house to incease every year,
you can expect that over time, the value of your house will continue to grow. Historically,
the housing market has recovered from every regional economic downturn in three
to ten years.
Right now, most people are afraid to buy. Good! That's the best
signal you can ever have that now may just be the best time to buy. While many will
avoid the housing market, a brave few will relish it. How
many times have you thought to yourself "If only I had bought back then?"
How did that make you feel? Do you ever want to feel that way again? Let's give
some perspective to what's happening in the current housing market by comparing
it to a street fight. When you see the fighter's face covered in blood you may be
thinking he is hurt worse than he really is. Then, after a splash of some water
and the wipe of a towel, you see that the damage is not quite as bad as it appeard.
While the housing market is a bit bloodied right now, it's very likely that the time we will look longingly on as "back then" is
now!
The real deal here is that while most everyone on the news conveys the bleeding
in the market with that practiced frown of worry and concern, you should remember
that there are two sides to every transaction; someone that is selling
on the "cheap" and someone that is buying cheap. You definitely want to be on the
latter side of that transaction. Anyone comparing tech stock bubbles to housing
is only demonstrating their ignorance. You can live wihtout stocks, yet as long
as you're alive, you need a place to live.
Fear and panic can drive a market.
But are we being driven in the right direction?
While it is true that house values are down, the question is "compared to what?"
If you look at
median house prices in San Diego going back to 1992
it is easy to see
that the current cycle of housing appreciation began in 1997 and that 2005 represented
a peak in the housing market. Current house prices have only receded back to the
median price in 2004. A comparatively small giveback on values that rose 300% or
more in eight years is nothing more than a correction back to sustainable and supportable
house values rather than the burst of a bubble. For most Americans the house has
held its value over time with much less volatility than other investments.
It is likely that more wealth will flow through your house than all of your
other assets combined. How you manage that wealth and the associated
cash flow may well determine whether or not you achieve financial independence.
Today's keys to financial success are very different than any previous generation.
The rules of money have changed; yet, most people still operate on outdated information.
Are you operating on outdated information?
Those who adapt to the changing rules will find themselves well-prepared for
their financial future and those who don't will likely outlive their money and be
dependent on family to get by. One of the most critcal steps we can
take toward financial independence is to be open enough to realize that what we
thought to be true may be completely false, and that there are infinite truths we
have yet to learn. Albert Einstein's definition of insanity is doing the same things
over and over and expecting a different result.
I believe that many Americans are currently in or are heading for serious financial
trouble and don't even realize it. With the looming Medicare and Social
Security crisis and the skyrocketing cost of a college education, it's more important
than ever for you to take control of your finances. How you finance your house holds
very important implications for the rest of your financial future. When we consider
the amount and type of debt Americans carry we have proven time and again that we
are not afraid to borrow money. However, it could be argued that our borrowing is
rarely smart. My unique process will show you how to borrow smart as well as
how borrowing smart can translate into a rich financial future.
Hi, I'm Shawn Perkins, owner of Your Favorite Lender. And yes,
there are better, smarter ways to borrow which will allow you to build wealth. If
you want to learn how to borrow smart, you've come to the right place.
Click here
to learn more about
Who We Serve.
|
Click here to download the first three chapters of my book!
Sign up for our eZine and receive a free copy of our magazine!
|