Lyn Essig

Things are crazy fun out there!! Don't let the competition scare you away! If you're a buyer in today's market, give me a call and we can talk strategy!

Here are four reasons why putting 20% down is a good plan if you can afford it. Your interest rate may be lower. A 20% down payment vs. a 3-5% down payment shows your lender you’re more financially stable and not a large credit risk. The more confident your lender is in your credit score and your ability to pay your loan, the lower the mortgage interest rate they’ll likely be willing to give you.... You’ll end up paying less for your home. The larger your down payment, the smaller your loan amount will be for your mortgage. If you’re able to pay 20% of the cost of your new home at the start of the transaction, you’ll only pay interest on the remaining 80%. If you put down 5%, the additional 15% will be added into your loan and will accrue interest over time. This will end up costing you more over the lifetime of your home loan. Your offer will stand out in a competitive market. In a market where many buyers are competing for the same home, sellers like to see offers come in with 20% or larger down payments. You are seen as a stronger buyer with financing that’s more likely to be approved. Therefore, the deal will be more likely to go through. You won’t have to pay Private Mortgage Insurance (PMI) As mentioned earlier, when you put down less than 20% when buying a home, your lender will see your loan as having more risk. PMI helps them recover their investment in you if you’re unable to pay your loan. This insurance isn’t required if you’re able to put down 20% or more. If you’re thinking of buying a home and are already saving for your down payment, DM me so I can help you decide what fits best with your long-term plans. #firsttimehomebuyer #buyingahome #downpayment #opportunity #housingmarket #househunting #makememove #homegoals #houseshopping #housegoals #investmentproperty #emptynest #downsizing #locationlocationlocation #newlisting #homeforsale #renovated #starterhome #dreamhome #curbappeal #santabarbararealestate #goletathegoodland #montecitorealestate #keepitsimple

The Nitty Gritty of Prop 19 https://www.pe.com//prop-19-whats-next-for-homeowners-and/

From my home to yours, I hope you and your family have a wonderful Christmas!

Let me help you find your next home! Happy Holidays!! Lyn Essig 805-637-7461 Berkshire Hathaway Home Services California Properties DRE#02049168

Experts project an optimistic year for the 2021 housing market. With mortgage rates forecasted to remain low, high buyer demand is expected to fuel more home sales and continue to increase home prices. DM me today to determine how to make your best move in the new year. #realestate #homeownership #homebuying #realestategoals #realestatetips #realestatelife #realestatenews #realestateagent #realestateexpert #realestateagency #realestateadvice #realestateblog #realestatemarket #realestateexperts #realestateagents #instarealestate #instarealtor #realestatetipsoftheday #realestatetipsandadvice #keepingcurrentmatters#santabarbararealestate #montecitorealestate #goletathegoodland