Learn how the Process Works

I am committed to ensuring clients understand their options, the process and how their mortgage will fit into their long term financial plans.

For more details or to reserve a seat please e-mail me: loans@tinaleonardi.com

 

Why should I buy, instead of rent?

More Stable Housing Costs
Rent payments can be unpredictable and typically rise each year, but most mortgage payments remain unchanged for the entire loan period. If the taxes go up, the increase is usually gradual. This stable housing cost especially important in times of inflation, when renters lose money and owners make money.

Equity
Instead of payments disapearing into someone elses pocket, home owners are building equity in their own home. This is often one of a person's biggest investment assests. Each year that you own the home you pay more toward the principal, which is money you will get back when the home sells. It is like having a schelduled savings account that grows faster the longer you have it. If the property appreciates, and generally it does, it is like money in your pocket. You are the one who gets to take advanatge of that, not the landlord. You can then use this equity to plan for future goals like your child's education or your retirement.

Tax Savings
Homeonwers can be eligible for signifigant tax savings because you can deduct mortgage interest and property taxes from your federal income tax, as well as many states' income taxes. This can be a considerable amount of money at first, because the first few years of mortgage payments is made up mostly of interest and taxes.

If you need to refinance to consolidate other debts (an opportunity you don't have if you are renting) the interest on this is also tax deductable.

It is Yours
When you own a home you are in control. You the freedom to decorate it and landscape it any way you wish. You can have a pet or two. No one can pop in and inspect your home and threaten to evict you.

 

GET PREAPPROVED NOW

 

Tina Leonardi / Guarantee Mortgage
601 Van Ness Ave, Suite P, San Francisco, CA. 94102
415-244-6038 cell  |  415-762-4343 fax | CA DRE License#01350545