Your Local Lender

 

I’m a firm believer that anything and everything you do shapes you into the person you are meant to be.  For instance if I didn’t spend countless hours, days, months, years studying my life and those around me I wouldn’t be here writing in this blog today. There’s so much information out there regarding fianance and real estate that I think isn’t fairly communicated to the general public, especially to millenials like myself. 
Finance, Mortgages, Real Estate…

 

What do you mean Martin? Am I even old enough to be thinking about that kind of stuff? Well do you like throwing away money? That is usually the response I give to people.

Of course you don’t like throwing away money, but unfortunately that is exactly what you are doing by paying rent. Sure, most of us don’t have an extra $10k-15k to blow on a down payment but you could. Let’s be realistic here, rents nowadays, no matter the size, place or location range anywhere from $600-$3,000 a month. 10-40% of the people reading this blog post have the option of moving back home with their parents to save up some rent money for a year or two and commute to work/school.(In the grand scheme of life is a year or two of freedom after you graduate college really that important, or would you rather invest in your long term future) The other 60% should highly consider eating out less, spending less etc. PRIORITIES PEOPLE.

 

Think of a house as a piggy bank. Every month you pay your mortgage you’re paying into that piggy bank. When it comes time to upsize, downsize, sell your house, etc that money you’ve paid into your mortgage you will get back. Obviously, underlying factors such as current home values, appraisal reports, final selling price, and equity can vary and ultimately determine the amount of money you get back. Save enough money for a down payment, buy a house, and rent out spare rooms to people. No one said you had to be pay the mortgage all on your own. Be the financially responsible friend of your group and buy a house and rent it out to your friends. Split the living expenses, get a co-borrower or have your parents co-sign for you.

 

It really is that simple!

 

I hope some of you take away something from this post. I’m only here to inform and give you my take on the real estate and mortgage industry. I’ve been doing this for 4 years now so I’d like to think I’ve picked up some insight over the years.

 

Sincerely

Martin Cantu

 

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