Rashi Almagsoosi, Mortgage Lender NMLS# 2178247

09/28/2022

01/19/2022

How much have rents gone up this year?

According to Apartment List’s National Rent Report, rental prices went up $300 per month in 2021. And sources like MBS Highway expect this trend to continue in 2022, albeit at a slightly slower pace.

If you’re currently renting or are considering renting, while you may have a roof over your head, renting doesn’t help you build wealth like homeownership does.

For example, that extra $300 per month you’re spending on rent, based on current rates, would be like having a $70,000 mortgage. Meaning if you were to use that extra $300 per month to purchase a house, you would have an additional $70,000 in buying power you could put towards purchasing your dream home.

Additionally, when you purchase a home, that property continues to appreciate, helping you build wealth. But if you decide to rent, the only person building wealth through real estate is your landlord.

Put your location in the comments below and I will send you a breakdown of what this looks like in your specific market, then we can chat to see if homeownership is the right option for you.

01/18/2022

Can you think of other ways to spend your rent money? How about on a home purchase instead? Here's an easy calculator to show you how much home you may be able to purchase for a payment that’s comparable to what you’re paying now. And remember, when you pay toward a home purchase each month, you're building equity and advantages for yourself instead of a landlord. Comment below or reach out over your preferred channel if you have questions.

How much home might your rent payment buy?

01/15/2022

Wishing you a day of dreaming this MLK Day! I hope you'll take time to remember the dreams of those who came before us and to renew your own dreams for yourself, your family and your community. And where those dreams involve creating a better place for all of us, may we work together to make them come true.

01/15/2022

Wishing you plenty of space to dream of a better world along with the time and resources to make those dreams come true on this MLK Day and every day!

01/12/2022

https://www.fhfa.gov/MortgageTranslations

This annual report describes FHFA's accomplishments, as well as challenges, the agency faced in meeting the strategic goals and objectives during the past fiscal year.

01/11/2022

https://www.primeres.com/about/blog/article/2020/12/28/home-renovations-you-can-make-during-winter

Check out the PRMI Blog for helpful information about home financing, renovations, maintenance and more!

01/11/2022

https://www.primeres.com/about/blog/article/2021/01/11/tips-for-selling-your-home-in-the--winter

Check out the PRMI Blog for helpful information about home financing, renovations, maintenance and more!

01/11/2022

Landing Page for Form

01/11/2022

The Federal Housing Finance Agency (FHFA) recently announced new fees (which will mean higher interest rates) on certain high-balance and second-home mortgage loans. If you're considering a refi or purchase in 2022, you may be able to save thousands if you act before the fees kick in on April 1. Please reach out if you want to learn more.