TORRANCE TRIBUNE July 25, 2013 Page 11 Easier Mortgage Processes, Positive Attitudes Inspire Renters To Buy (BPT) - Owning a home has been an the long run to buy than continue to rent. mortgages are essentially over, it’s a of money to buy a house. Yes, you’ll almost integral element of the American Dream for 2. While the days of zero-money-down misconception that you need a huge amount certainly need a down payment, but different generations. But is ownership right for you? lenders will require different percentages. And if it is, how do you know if it’s the right Research your mortgage options before you time in your life to purchase a home? begin house hunting so you’ll know how Thirty-two percent of American households much you’ll need to save in order to secure are renters, according to the National Multi a mortgage - and the home of your dreams. Housing Council. Generally, more people 3. Although the mortgage application process younger than 30 occupy rentals, while the is detailed, it doesn’t have to be drawn out percentage of people who own their home and tedious. Many lenders now allow you to increases with age, NMHC statistics indicate. initiate the process online. Automating the People decide to buy a home for many application process compresses the traditional reasons, but the recent real estate market time frame from days - sometimes, even downturn caused many Americans to rethink weeks - into minutes. their assumptions about renting and owning. 4. Buying a home affords you the opportunity Even with many real estate experts predicting to really grow your roots, but the flipside the market will continue to improve, it pays is that in order to get the most out of your to carefully evaluate how home ownership investment, you need to stay put for a while. does - or doesn’t - figure into your long- Brokers open in el segundo If you anticipate being in your current job and term financial goals. If you’ve been renting • Fri. 11:30-1pm 619 W. Pine Ave. 3/3 $1,185,000 living in your current town for at least five and wondering if it’s time to apply for a Karen Sellers Shorewood Realtors 310-968-6375 years, the long-term investment of buying a mortgage and buy your own home, consider • Fri. 12-1pm 617 Loma Vista St. 2/1 $789,000 house will make more sense for you. If you these points: Mike Work The Real Estate Consultants 424-225-1750 anticipate a job change or a move within 1. Renting isn’t always the cheaper option, a few years, you may want to hold off on and comparing your monthly rent payment open House in el segundo buying a house. The good news is, doing so • Sat. 1-4pm 617 Loma Vista St. 2/1 $789,000 directly to a mortgage payment won’t give you Mike Work The Real Estate Consultants 424-225-1750 gives you more time to save toward a down a clear picture of the financial impact of either • Sun. 2-4pm 610 West Pine 5+/3.75 $1,129,000 payment so you’ll look even more appealing option. Online calculators, like Guaranteed Jodie Infantino Shorewood Realtors 310-704-1507 to lenders when you are ready to buy. Rate’s rent vs. buy online calculator, can give • Sun. 1-4pm 1201 E. Acacia Ave. 2/1 $715,000 While only you can decide if homeownership you a better understanding of the comparison. Scot Nicol Re/Max Estate Properties 310-529-5286 is right for you and your family - and if With mortgage rates consistently low and • Sun. 2-4pm 631 Loma Vista St. 2/1 $715,000 now is the right time to buy - keep in mind rental markets competitive across the country, Lynn O’Neil Shorewood Realtors 310-261-0798 a few statistics from Trulia.com: 42 percent real estate experts agree that in most major • Sun. 2-4pm 619 W. Pine Ave. 3/3 $1,185,000 of renters say they regret not having bought metropolitan areas it will still be cheaper in Karen Sellers Shorewood Realtors 310-968-6375 a home, and 31 percent say they want to buy • Sun. 1-4pm 617 Loma Vista St. 2/1 $789,000 a home in the next two years. • Mike Work The Real Estate Consultants 424-225-1750 “Torrance Tribune has open House in oTHer CiTies helped Torrance Civic • Sat. 1-4pm 23715 Alliene Ave., Torrance 5/4 $979,000 Chorale focus advertising for • Sun. 1-4pm 6620 Vista del Mar, Playa Del Rey 4/4 $1,485,000310-781-2000Forecast RealtyRoger Hart our two December concerts Alex Abad Palm Realty 310-877-6488 and our one Spring concert • Sun. 1-4pm 23715 Alliene Ave., Torrance 5/4 $979,000 toward Torrance residence. • Sun. 2-4pm 137th Pl., Holly Glen 4/2.5 $659,0000310-781-2000Forecast RealtyRoger Hart The professional assistance, Jim Marak RE/MAX Realty 310-322-1900 guidance and positive • Sun. 2-4pm 12975 Agustin Pl. #310, Playa Vista 2/2.5 $795,000 encouragement from Bill Ruane RE/MAX Beach Cities Realty 310-877-2374 broaden efforts toward Kay Grundhaus Kay GrundhausTorrance Tribune have helped increasing concert patrons. 310.890.6407 cell I am a Senior Thank you Torrance Tribune.“ Real Estate DRE# 01409641 Specialist David Burks Artistic Director and Conductor Torrance Civic Chorale DRE #01344591 kay@homesbykay.com 23715 ALLIENE AVE., TORRANCE • Huge 3,544 sq. ft. home with great floor OPEN SAT. & SUN. • Ground floor bedroom with full bath and plan and an elevator• 5 bedrooms, 4 full baths1-4 PM its own entrance • Double master suite, one with mini kitchen and fireplace Roger Hart • Wood shutters and window planter boxes 310-781-2000 throughout DRE# 00625505 • Large kitchen, granite counters, Viking Stove, bay window, and center island w/sink • Nicely landscaped, front and back yard • 3 car garage Just Listed at $979,000 2420 W. Carson St. #120 Torrance, CA 90501
Torrance 07_25_13
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