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It's a great day at Jose Perez and Associates. My name is Jose Perez, and I'm here to give you an update for the month of June. There's three topics we want to share with you guys today. Number one is interest rate and appreciation and how that impacts you, especially if you're already a homeowner. Number two, Joseph's going to share with you guys affordability and real estate investing as a whole so stay tuned for that. Number three, I want to give you guys a few strategies that we've used for people who currently own a home and are looking to sell that home, to buy their next home.

What Is The Refi Now Program?

Number one, we want to share with you guys, interest rates and appreciation and how that impacts you if you're currently a homeowner. So get this, the GSE has just rolled out a program called The Refi Now. The purpose of this program is that if you missed out on the peak of the market last year when everybody was refinancing this program's for you. They are lowering fees and making sure that there's a benefit to you, even going up to 65% debt to income ratio. If you've gone through a refinance, you know what I'm talking about. Anyways, we have access to that program and due to the fact that property values year over year went up 22% here in LA county. Even if you've been at your house for nine, 10 months, guys give us a call. We might be able to get rid of the mortgage insurance and get you a lower interest rate, so take advantage of that. Number two, here comes Joseph to share with you guys about affordability and real estate as an investment.

Housing Affordability

Hey everybody Joseph Portillo here with Jose Perez and Associates, and I want to talk to you about housing affordability. A lot of our clients reach out to us and ask us, "Hey, can we afford a home?" Well, studies show that since January of 2019 housing affordability has actually gone up, but this March was the first time we saw a decline because of the increase in interest rates. So if you're on the fence about buying a home, now's a great time. Give us a call before interest rates start to go up. Gallup recently also did a survey that buying a home is a great long-term investment. 41% of Americans say that buying a home is better than buying stocks and gold. So if you're on the fence about buying a home, give us a call and we'd love to help.

One Way To Sell Your Home For Your Dream Home

Number three, we've had a lot of people who currently own a home and are thinking about selling, but they don't. Why? Because they don't know how, or what, they're going to do if they can't go out there and find something else. Sometimes you want to sell your house and make it contingent on finding your replacement home. That just doesn't make you the most attractive seller, and it doesn't make you the most attractive buyer. So I want to share with you guys what one of my sellers slash buyers did. They actually reached out to Extended Stay, and it's kind of cool. They have two beds. They have a kitchenette, and they have a bathroom. They have a big grandfather chair. They have a desk. They have free cable, free wifi, and costs right around $3,000 a month. But it's the cost of doing business. It's one way where you can sell your home, be on vacation mode for a little while, until you go and find your perfect home. Let me ask you this, I want to challenge you guys with this thought. Would you be willing to go to that extreme to sell your house and buy your dream house? Anyways, guys, I hope you enjoy the update for the day for me and Joseph. This is for the month of June, 2021. If you're looking to buy, sell, or refinance or invest, reach out to us (562) 646-6321.