Monthly mortgage payments are one of the biggest expenses for Americans today, so it is crucial for potential home-buyers to have in-depth knowledge of how they work. At Justin Purpero, we guide those seeking mortgage help in California. We explain the A-Z of the home-buying process and advise you on creating wealth.

What are mortgage payments?

If you’re a first-time buyer, you can’t move forward in the buying process if you don’t know how mortgage payments work. Most people take out home loans to buy a house, and they have to pay a portion of this loan every month, along with the interest rate. This monthly repayment amount and the amount you pay in interest is what we call a mortgage payment.

There are many different types of mortgage payments, with different lenders and interest rates. Choosing among this vast number of options is one of the trickiest parts about buying a new home. For example, there are mortgages with fixed and variable interest rates. These are known as fixed-rate mortgages and adjustable-rate mortgages, respectively, and they each come with their own pros and cons.

Your monthly mortgage payment will vary depending on the interest rate, the size of the entire loan, and the terms of the mortgage. So, with all the lenders out there, you will have a myriad of interest rate and repayment time options to choose from. The trickiest part is discovering which of these options will minimize the total cost of borrowing in the long run.

Why do I need a coach for buying a new home?

If you’re buying real estate for the first time, the process is full of confusing terms that are hard to understand for a novice. A lot of people end up losing money in the future because they didn’t get the proper guidance throughout their home-buying journey. You need to select an option that best matches your financial situation and goals. This could be difficult to comprehend and predict if you’re new to the real estate market.

Bar income taxes, monthly mortgage repayments are likely to be your biggest expense, making the wrong choice will cost you for a long time. So, if you require mortgage help in California, don’t hesitate to contact us.

Why you should choose our home loan coaching services

There’s no better wealth coach than someone like me, who has literally hit rock bottom in life. I had to uncover my own way to the successful business I am today. With over 2,000 satisfied clients and over a billion dollars worth of home loans, no client is a challenge for us.

We will help you find your way and make the smartest home financing decisions. Whether you’re new or experienced, we can coach anyone on home financing solutions.

Feeling lost and need mortgage help in California? Contact Justin Purpero, who will guide you in selecting the best home-financing options that will pay off in the future!

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© 2019 by Justin Purpero | Articles