Avant Financial Group NMLS #1338336

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United States
Marina del Rey, CA
Avant Financial Group NMLS #1338336

Avant Financial Group is a consulting and customer-service oriented Real Estate and Mortgage Brokera

04/07/2023

Remodeling or home improvement projects can really boost the value of your home, but which ones really yield the most cost recovery or return on investment? Here are a few home reno projects that are sure to boost your home’s value and give you the biggest ROI:

☑️Create an Addition or Extension-
Square footage is one of the major value indicators on a home appraisal, so think about adding on a permitted ADU, mother-in-law suite or finishing that basement to tack on an extra bedroom and bathroom. The number or bedrooms and bathrooms a home has also greatly affects its appraised value. Livable space is key, as that is what is most important to buyers and appraisers.

☑️Structural Updates with Modern Construction Materials-
A house built more recently with modern materials, or updated to use modern materials will hold a higher value than a home that hasn’t been updated since it was originally built decades ago. Updating items like the roof, siding or windows will also add to your home appraisal value because they improve the overall efficiency and safety of the structure of the home. A new roof can especially give you an average ROI of 109%.

☑️Kitchen Updates-
Being the heart of the home, the kitchen’s style and functionality is definitely a priority. Studies have shown that homeowner’s ROI on a kitchen remodel can be anywhere between 52%-71% on average, depending on your region.

☑️Bathroom Remodel-
Adding a shower to that existing half bath, or adding a half bathroom to a home that only has 1 bathroom could greatly increase your home’s value. If you’re looking to sell, and updated bathroom is a huge selling point for any home. The ROI for renovating or adding a bathroom are on average between 57%-63%

☑️HVAC Update-
If you’re looking to sell your home, this is one item that often comes up in home inspection. The heating, ventilation and air conditioning systems are critical to maintain. Many new home buyers are now unwilling to overlook old or back mechanics, even with the seller offering a home warranty. The average ROI on of HVAC replacement is around 85%, so it may be worth replacing and updating.

04/07/2023

Make sure to consult with your tax professional on these advantageous tax breaks for homeowners!

➡️ Mortgage Loan Interest-
You can lower your taxable income by deducting mortgage interest. As a single filer or married couple filing jointly, you can deduct up to $750,000. If you are married but filing separately, the deduction limit is $375,000 each.

➡️Home Equity Loan Interest-
With a home equity loan or HELOC, you can access that equity you’ve built in your home as collateral to borrow funds that you need for other purposes and deduct the interest if the funds are used for home improvement.

➡️Discount Points-
If you paid points on a purchase or refi, this cost is deductible on your taxes.

➡️Property Taxes-
You can deduct up to $10,000 of property taxes as a married couple filing jointly – or $5,000 if you are single or married filing separately.

➡️Necessary Home Improvements-What is the definition of ‘necessary’ in this case? Making permanent improvements for accessibility or for medical reasons should qualify.

➡️Home Office Expenses-
Do you run your business from home? The business expense of maintaining your home office space may be deductible if used for regular and exclusive business use.

➡️Private Mortgage Insurance-
PMI may be a bit pesky, but it is another expense that is tax deductible.

➡️Capital Gains-
This may be one of the largest and most important tax implications of homeownership. Capital gains tax breaks come into play when you sell your home for a profit. The capital gain is the difference between the value of the home when you bought it and when you sold it. IF you initial purchased your home for $500,000 and now sold it for 1M, your capital gain is $500,000. If this home was your primary residence for 2 of the last 5 years, you can keep a portion of profits without any tax obligation. As a married couple filing jointly, you can keep up to $500,000 in capital gains. As a single filer or married couple filing separately, each party can keep up to $250,000 of capital gains without a tax obligation. The key is that you lived in the house as your primary residence for 2 of the last 5 years.

04/07/2023

In the mood for a spring project? Get the financing you need with a home equity line of credit. Our HELOCs can help you access up to $500,00 of your home’s equity while keeping the payment low with a 20 or 30 year term and 10 year interest only period. Contact me to get qualified today!

01/19/2023

The question nagging prospective homebuyers for the better part of year- should I buy now or should I wait?
Many have been leaning toward the “wait” side, and who can blame you with both home prices and mortgage rates rising over the last year? However, we are seeing signs of a shifting market that will benefit the buyer:
- listings staying on the market longer
- price drops
- less volatility in mortgage rate pricing
- positive trend in the Housing Market Index

No matter what, it’s important to recognize that we cannot time the market. Buying a home is a long term investment! If the FED continues to fight inflation in this manner, rates will continue to tick upward. The decision to buy really comes down to your personal finances. Connecting with a mortgage professional to discuss what purchasing a home would look like in the short and long term will help you determine if buying a home now is a good time for you. Let’s connect today 📱📧

01/19/2023

Just a reminder! Loan limits have increased for 2023. This means you can now get a conventional Fannie/Freddie mortgage loan at a higher loan amount than before, and not have to qualify for a jumbo loan. This can mean better rates, a quicker process and less underwriting requirements. Check out the loan limits below!

High-Cost Areas:

1 unit- $1,089,300
2 unit- $1,394,775
3 unit- $1,685,850
4 unit- $2,095,200

All other areas:

1 unit- $726,200
2 unit- $929,850
3 unit- $1,123,900
4 unit- $1,396,800

01/19/2023

I’ll just say it- we’re all feeling the weight and added financial pressures of this current economy, and in this type of environment many of us can’t help but rack up some debt.
Your home is one of the greatest assets and sources of equity you own, and tapping into some of that equity can be a great way to consolidate debt or finance a home improvement/home repairs. While mortgage interest rates have been rising over the last year, they are still lower than those high interest rate credit cards and personal loans. Let’s see if a cash out refinance or home equity line of credit is right for you! Hit the contact button, and let’s connect 📱📧

02/04/2022

YOU’VE GOT ENOUGH NEW-HOME EXPENSES. LET US COVER YOUR APPRAISAL.

Do something else with the money you save — buy a new couch, spruce up your yard or just pocket your savings. With our no-cost appraisal:

• Get up to $600 toward your appraisal
• Enjoy our low rates and fast closings
• Good on conventional, government and jumbo purchase loans for primary homes through March 31

* Information is subject to change. Certain restrictions apply. Subject to borrower qualifications.

02/04/2022

Purchase season is coming up quickly! How can you be best prepared to land the home of your dreams?
• Start the preapproval process early! This allows us time to tackle any credit, income or asset issues that may pop up.
• See if you can qualify for an appraisal waiver! This can make any offer you submit more competitive than other prospective buyers.
• Many lenders offer a full TBD property underwrite of your file, which will also make any offer you submit more competitive.

Remember, the more work you put in ahead of time, the smoother your escrow process will be when you get into contract. Call us today to get started!

02/04/2022

Rates may be starting to go up, but don’t let that get you down! While you look for your new home:

• Lock an interest rate without an offer on a property
• 60- and 90-day locks available
• Fast and easy pre-approvals

Let us help make your dreams come true. Call today!

* Certain restrictions may apply.

01/03/2022

Repeat after me: “This is the year I become a homeowner.” 🏠

Let me help you take that first step today!

Have a happy, healthy and prosperous 2022!

#2022

01/03/2022

Happy New Year everyone!! We have some exciting things to look forward to in 2022.

New county loan limits for Conventional AND FHA loans are now active! Check out the limits for the High Balance counties:

Single- $970,800
Duplex- $1,243,050
Trip-plex- $1,502,475
Four-plex- $1,867,275

Let’s put this in perspective: you can now qualify for a million dollar home in a high balance county with as little as 3.5% down! Call me to get preapproved today!

#2022

01/03/2022

Did you know many of our loan programs allow 100% gift funds for your down payment? Call me to learn how your family can help make your homeownership dream a reality!

Address

Marina Del Rey, CA
90292

Telephone

+12092154100

Website

http://www.avantfinancialgroup.com/

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Avant Financial Group NMLS #1338336

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