Fadi Elabdallah Real Estate in Temecula

05/26/2023

Who wouldn’t be honored by a recommendation like this?

See more: https://app.realsatisfied.com/Fadi-Elabdallah

01/08/2019

How does this make me feel? Let’s start with ecstatic. :)

See more: https://www.realsatisfied.com/Fadi-Elabdallah

02/19/2014

Owning vs. Renting

If you think you can't afford to buy a home consider this: The homeownership rate in the U.S. is nearly 69 percent — indicating that homeownership is within reach for more Americans than ever before. In fact, it can be as affordable as renting, and in some regions of the United States, it can be more affordable. To find out, you need to learn about home prices in the area you want to live, calculate what the mortgage would be and compare it to the cost of a similar rental.
While not right for everyone, the advantages to owning a home are evident for many. You can pay the same, or even less, while often building equity (the difference in how much the home is worth over how much you owe on it). In addition, you may be able to save on your federal taxes by deducting the interest paid on your mortgage. Information like this provides a great incentive for many to seriously explore their buying options.

02/19/2014

Rent vs Own: A 10 Year Plan paying $2,500 a month!

Here is a "Rent vs Own 10 Year Plan" I shared with a client yesterday who is currently renting for $2,500 a month. I showed her the benefits of purchasing a home vs renting and paying a $2,500 a month over the next 10 years.

For $2,500 a month, the buyer is able to purchase a $435k home, with only 5% down conventional financing, with No monthly PMI. The renter pays $2,500 a month in rent to his landlord.

After 10 years, the renter has paid $343,000 in rent. After 10 years the buyer has accumulated a net worth of $201,963 by paying down $85k in principal, getting tax benefits each year, and appreciation on the home (only a conservative 2% a year). If you would like a copy, leave your email below.

02/17/2014