How much have you saved down?

[jimmyle]

“Allso be aware that there are programs for teachers, nurses, law enforcement, social workers etc that provide below market rates.”

My wife works for the Navy, I am not sure if this qualifies for the lower rate? Yeah, ideally we should borrow $417K meaning that we should buy a house around $480K max but my wife likes houses that are selling around $530K-$590K at current market. Of course, If prices go down another 10%-15% in a year or two then we won’t have any problem.

[Raybyrnes]

I would think the VA programs would apply to her situation. You may want to check with Navy Federal Credit Union. Membership has its benefits.

[Raybyrnes]

I would think the VA programs would apply to her situation. You may want to check with Navy Federal Credit Union. Membership has its benefits.

[Raybyrnes]

I would think the VA programs would apply to her situation. You may want to check with Navy Federal Credit Union. Membership has its benefits.

[Ricechex]

If your wife is civil service try Pentagon Federal Credit Union.
https://www.penfed.org/howToJoin/overview.asp

[Ricechex]

If your wife is civil service try Pentagon Federal Credit Union.
https://www.penfed.org/howToJoin/overview.asp

[Ricechex]

If your wife is civil service try Pentagon Federal Credit Union.
https://www.penfed.org/howToJoin/overview.asp

[jimmyle]

“If your wife is civil service try Pentagon Federal Credit Union.
https://www.penfed.org/howToJoin/overview.asp”

Yes, my wife works for Navair as a civilian employee.

This is from the website you gave me, is the 6.375 the final rate? And is this better than the market rate? I am not sure why there are 3 different lines? Thanks.

30-Year Fixed Conforming Loan

Rate Point APR
6.375 0.000 6.375
6.250 0.250 6.274
6.125 0.750 6.196

[jimmyle]

“If your wife is civil service try Pentagon Federal Credit Union.
https://www.penfed.org/howToJoin/overview.asp”

Yes, my wife works for Navair as a civilian employee.

This is from the website you gave me, is the 6.375 the final rate? And is this better than the market rate? I am not sure why there are 3 different lines? Thanks.

30-Year Fixed Conforming Loan

Rate Point APR
6.375 0.000 6.375
6.250 0.250 6.274
6.125 0.750 6.196

[jimmyle]

“If your wife is civil service try Pentagon Federal Credit Union.
https://www.penfed.org/howToJoin/overview.asp”

Yes, my wife works for Navair as a civilian employee.

This is from the website you gave me, is the 6.375 the final rate? And is this better than the market rate? I am not sure why there are 3 different lines? Thanks.

30-Year Fixed Conforming Loan

Rate Point APR
6.375 0.000 6.375
6.250 0.250 6.274
6.125 0.750 6.196

[patientrenter]

Thanks, 4plex.

Like you say, the cash flow looks awful based on current CA prices. I take it that these small complexes are as overpriced as SFRs and single condos. I’d hoped that maybe some of the bubble had bypassed these investment properties.

So it seems, at least here in CA, that it’s all about borrowing and buying as much as possible to get the maximum future HPA. Isn’t that the big gamble that so many piggs are leery of? Or is there some other payoff I’m missing? My goal was more to buy some future rental income, and not to rely on future HPA.

It sounds like buying for future rental income would have worked well if done back in the mid to late 90’s. But unless prices revert very sharply, now it doesn’t look too hot to me.

Patient renter in OC

[patientrenter]

Thanks, 4plex.

Like you say, the cash flow looks awful based on current CA prices. I take it that these small complexes are as overpriced as SFRs and single condos. I’d hoped that maybe some of the bubble had bypassed these investment properties.

So it seems, at least here in CA, that it’s all about borrowing and buying as much as possible to get the maximum future HPA. Isn’t that the big gamble that so many piggs are leery of? Or is there some other payoff I’m missing? My goal was more to buy some future rental income, and not to rely on future HPA.

It sounds like buying for future rental income would have worked well if done back in the mid to late 90’s. But unless prices revert very sharply, now it doesn’t look too hot to me.

Patient renter in OC

[patientrenter]

Thanks, 4plex.

Like you say, the cash flow looks awful based on current CA prices. I take it that these small complexes are as overpriced as SFRs and single condos. I’d hoped that maybe some of the bubble had bypassed these investment properties.

So it seems, at least here in CA, that it’s all about borrowing and buying as much as possible to get the maximum future HPA. Isn’t that the big gamble that so many piggs are leery of? Or is there some other payoff I’m missing? My goal was more to buy some future rental income, and not to rely on future HPA.

It sounds like buying for future rental income would have worked well if done back in the mid to late 90’s. But unless prices revert very sharply, now it doesn’t look too hot to me.

Patient renter in OC

[Author]

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