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Cinthia Ane

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Our Newest Millionnairess "Joyful Victory"

by Cinthia Ane

 

Who knew that February 2, 2008 would be a day to remember.  On that day a young lady took her first breath, her first heart beat and her first eye on the prize.  On that day a young lady was destined to be a winner and that she is.  Joyful Victory the foal of Tapit and Wild Lucy Black, has just won the Santa Margarita Stakes at Santa Anita and has entered the winners circle as the newest millionaires and the newest Grade 1 winner.

A young lady that commands the track, runs like angel and wins with grace. 

Congratulation's Joyful Victory!!!

Should I Buy a Home Now?

by Cinthia Ane

I'm often asked if this is a good time to buy a home. Some clients are concerned that home prices may fall further than they have already. They are assuming that the best course of action is to wait for the bottom in the market and then buy. The problem with this approach is that you don't know where the bottom is until you see it in the rear view mirror, meaning until you've missed it!

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have gone up in the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates go up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.

Displaying blog entries 111-112 of 112

Cinthia Ane - Agent with Allison James Estates & Homes Elite