The Morrow Report

Welcome back...  Finding your perfect home can be a challenge and sometimes frustrating.  Many factors go into having all your ducks in a row. I have had the pleasure of working with one of the most professional Mortgage Brokers in Marin County. As I sat with Brian, we started talking about the frustrations and fears that some people have navigating their way through the financing of a new home. So, Brian and I came up with a segment called the "Morrow Report".  This will be a monthly report where you can find great information regarding the Mortgage process,what's happening in the banking world and where you can ask question from Brian himself.
For Real Estate needs, feel free to contact me: Kelly Valadez Vanguard Properties  415.519.0885 kfvaladez@gmail.com

  Please enjoy the first of edition of the "Morrow Report"

Questions:

1.    Why should I buy, instead of rent?   

2.    In addition to the mortgage payment, what other costs do I need to consider?

3.    Should I use a real estate Agent?

Answers:

1. ANS: When you rent, you write your monthly check and that money is gone forever. But when you own your home, you can deduct the cost of your mortgage loan interest from your federal income taxes. This will save you a lot each year, because the interest you pay will make up most of your monthly payment for most of the years of your mortgage. You can also deduct the property taxes you pay as a homeowner. In addition, the value of your home may go up over the years.   

2. ANS: Well, of course you'll have your monthly utilities. If your utilities have been covered in your rent, this may be new for you. Your real estate broker will be able to help you get information from the seller on how much utilities normally cost. In addition, you might have homeowner association or condo association dues. You'll definitely have property taxes, and you also may have city or county taxes.  Again, your broker will be able to help you anticipate these cost.

3. ANS: Using a real estate agent is a very good idea. All the details involved in home buying, particularly the financial ones, can be mind-boggling. A good real estate professional can guide you through the entire process and make the experience much easier. A real estate agent will be well-acquainted with all the important things you'll want to know about a neighborhood you may be considering

With other Mortgage related questions, call or email Brian.

Brian D. Morrow

Envoy Mortgage

NMLS# 331058

415.310.5586 cell

Brian@brianmorrow.com

Bmorrow@envoymortgage.com

With Brian, you can expect an authentic experience defined by expertise, honesty and integrity.

Whether you’re buying a property for the first time or refinancing a mortgage, you deserve a smooth, respectful and personable transaction