Best Priced homes - under $360,000 in Southern California - Closest to The Beach

No more reasons for you to put off looking at homes and buying a home!

Best Priced homes - under $360,000 in Southern California -
Closest to The Beach

Click the link below to view property information:
http://kwrealestate.listingbook.com/?node=16-0-email_listings,1106119475.fb8f426b

Are there more further inland -? YOU BET! Did you know there are homes for sale under $50,000?!! YES! - Possible rentals/fixer-upper/income properties! Maybe even a home for you to look at and maybe own!

Rates are going up!! Each point rates go up (Each 1%) means you loose about 10% of your purchase power. This translates to this: Let's say you - right now can qualify for a $250,000 loan and you have a 3-10% down available. Let's say that the rates go up 1% - this means that a home payment on your $250,000 homes now only can by a home that is $225,000 or less.

Scary thing is this has already happened! Everyone heard everyone saying "I can't get a loan!" Truth is - maybe on 5% of those people actually tried. The other 95% just repeated what they heard - so they never tried,...and they never knew the truth. BUT, if those people actually tried and got pre-qualified back when rates where at 3.5% - they could afford a whole lot more home than today! -

The example would work like this:

3.5% loan on $250,000 - YEAH! great deal - long term savings,..huge savings and tax benefits you could have gotten on your taxes already this year!!

Rates go up to 4.5% -- now you can only afford a $225,000 home because the payment (even on a lower amount) is higher because the interest rate is higher.

Now rates are at close to 5.5% and higher. This means that your purchase power has lost over $50,000! It also means your monthly payment is going to equal what you COULD HAVE BOUGHT AT $250,000 but instead you will pay a much higher monthly for even less of a home.


Arrrgh! I see people suddenly, finally begin to realize that the over all price of the home is important - but the rate at which you pay back your loan is the over all most important issue!! This is why we had such HUGE Real Estate issues! People ended up with monthly payments they could not afford because of interest due and rates attached to the mortgage.


Need more info? you have to ask me! I can's answer your questions unless you talk to me.


Ken Webb - Realtor/Agent
OCAR, NAR, CAR
F1RST TEAM
Real Estate
Email: kenwebb@me.com
Phone/Text: (949) 243-6649
DRE Lic # 01844181

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