Counting Your Dollars
By Bob Schwartz, CRS,
GRI ©2005
www.brokerforyou.com All rights reserved.
Choosing to move into a home is more than just getting
on the right spot. More significant than any part of the
real estate business are the investments and finances
that are a part of the process. If you are looking at
any type of property, you will want to spend some of
your time becoming familiar with the financial options
that are available to you.
The first set of terms you will want to become familiar
with is with loans. There are several types of loans and
arrangements of loans that are available to you. Be
wary, however, because you can end up spending more than
you want or need to with particular types of
investments. You will want to know how the loans are
divided, unerringly what you will be paying on, and how
this will affect your investment in the real estate.
After this, you will want to look into your personal
finances in order to see how they will work out with the
loans. If you have other loans, such as car loans or
student loans, it is important to factor them into what
you will be paying with your home loan. You will also
want to asses things such as your credit report and your
financial plan. Your financial history and your current
status makes a large difference in what you are able to
pay on a property.
If you aren't finding something that fits perfectly, it
will simply be a matter of changing the rules a little.
Even though you will mostly be looking at the ways you
will be spending money and how this will change your
lifestyle, you can also look at ways to deduct the money
back off of your investment. There are options for
deductions off of taxes and investment deals to assist
you, for example, if you need to cut back expenses for a
while.
More than the ability to pay thousands of dollars every
month is the reassurance you have gotten into the right
deal. Comprehending and assessing your situation to see
how it will fit into a loan plan will make a great
difference in the type of investment you make. Before
putting your money somewhere else, you should always
make sure that it is a place you won't regret.
ABOUT THE AUTHOR
Bob Schwartz, is a Certified Residential
Specialist, CA licensed real estate broker with
www.Brokerforyou.com. Bob has over 27 years of
residential real estate experience, authored a number of
published articles and served as an expert witness for
San Diego lawyers.
You can contact Bob via e-mail at bob@brokerforyou.com
or visit his highly popular
San Diego real estate website
at:
http://www.brokerforyou.com
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