John Torrijos So Cal Lender

09/12/2024

Don't Let the 20% Down Payment Myth Hold You Back!

Think you need 20% to buy a house? Think again! 🚫🏡

Many first-time homebuyers can qualify with as little as 3% down, and the average is only around 6%. Real estate prices are still rising, so it's smart to get in sooner rather than later.

Got questions? Drop them in the comments.

09/09/2024

🏡 Mortgage interest rates have dropped to their lowest in 2 years.
Here are 5 things you need to do now:

1. Shop for a trusted lender – Not all offer the same rates. Not all are pros.
The smallest difference can save you thousands 💰 and headaches 🤕.

2. Boost your credit – Higher credit scores 📈 get better rates. Start improving yours today.

3. Explore loan options – Look beyond the 30-year mortgage. Your lender will help you strategize this 📋.

4. Re-review your budget – Factor in taxes, insurance, HOA, and PMI before making a decision 💡.

5. Get pre-approved – It gives you an edge 🏆 when you’re ready to make an offer 📝.

Let’s be real—doing this alone isn’t easy. That’s what my team and I are here for 🏠.
Comment “HOME” to schedule a **free** home buying strategy consultation. 💬💼

04/30/2024

The Harsh Truth About Today's Real Estate Market 🏠💼
Interest rates remain high due to stubborn inflation, not meeting Fed expectations.
Low demand hasn't lowered home prices; scarcity of available homes keeps them steady.
But deals are still out there in certain areas.
Buyers can capitalize on today's market, snagging better deals and planning to refinance when rates drop.

04/03/2024

Is it a good time to buy a house?⁣
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Let’s take a look at some data:⁣
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-Home prices have increased by 44% in just the last 6 years⁣
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-The average homeowner has $297,000 in equity as of 2023⁣
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-U.S. Homeowners saw a $1.3 Trillion gain in home equity in 2023⁣
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-International buyers purchased over $53B worth of U.S. residential properties in 2023⁣
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The average home seller has owned their home for about 10 years. So if someone is thinking about buying a house, it’s important to think about this as a 5-10 year investment.⁣
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The numbers don’t lie⁣ 📈

03/16/2024

Low Interest Rates Vs Low Home Prices 🏠💲
Let's break it down:

Low rates = manageable monthly payments, but more buyers may drive prices up.

Home prices forecasted to rise in 2024 (Zillow predicts 4% increase).

If you can afford it now, BUY! Prices are likely to keep rising.

Still not ready? No problem, Wait. Don't risk financial strain.

Prepare for a competitive market when rates drop in 2025.
Ready to buy?

DM me to get started! 📩

03/06/2024

Home or Condo? 🏡🏢 Here's your guide to decide:

🏡 Single-Family Home:
- Charming, private yard, total customization.
- Responsibilities: Lawn care, painting, repairs.

🏢 Condo:
- Low-maintenance lifestyle.
- Condo association handles exterior maintenance.
- Access to amenities, budget-friendly.

Comment below: Are you team condo or single-family home? Let's hear your choice!

02/23/2024

Avoid these mistakes when applying for a mortgage:

1. Don’t make large cash deposits 💵
2. Avoid large purchases 🛍️
3. Steer clear of co-signing any loans 📝
4. Resist applying for new credit 🚫
5. Do not close any accounts 📉

01/09/2024

https://www.instagram.com/reel/C14sSV1RXyP/?igsh=MzRlODBiNWFlZA==

01/08/2024

12/12/2023