Pay Off Your Laguna Beach Home in Half the Time!

Buying a choice piece of Laguna Beach real estate definitely is cause for excitement. And it’s more exciting than ever now that you can pay off your Laguna Beach home in half the time. That’s right. The 15-year fixed mortgage rate has plummeted so low (2.77%) that your monthly payments will be only slightly more than those required for a 30-year fixed mortgage (3.49%). Plus, you’ll own your Laguna Beach property in half the time. Imagine how many tens of thousands you’ll be saving with fifteen fewer years of mortgage payments to deal with! And the home will be yours that much sooner – a major asset that’s pure equity! It simply makes no sense to opt for a 30-year ‘mortgage marathon’ right now.

To put everything in black and white, here’s a payment comparison on an $800,000 home.

15-Year Fixed Mortgage (2.75% - 2.952%):           Monthly Payment $4,241.39

30-Year Fixed Mortgage (3.25% - 3.362%):           Monthly Payment $2,720.04 

At these rates, buyers can snap up a precious Laguna Beach cottage for $780,000 with a 20% down. Or, for the same bargain price, grab an irresistible 2-bed/2-bath Laguna Beach condo. Remember, these rates are based on a $625,000 Conforming Loan. You can buy even more house -- so long as you put more money down and borrow no more than the conforming loan limit of $625,000. Of course, you can opt for a Jumbo Loan (over $625,000). But those rates are mind-bogglingly ridiculous!

Obviously, the tantalizing interest rates won’t be hugging rock bottom forever. Sooner or later they’ll begin creeping upward. It’s the immutable law of history. And every time they inch up, even by a fraction, so does the cost of a Laguna Beach home. Often by tens of thousands. So the time to buy clearly is NOW -- while you still can get a bargain on a gorgeous slice of oceanfront dream. Waiting could prove very, very costly.  

In fact, with the year rapidly drawing to a close, split-second timing is more critical than ever. The reason, as I’ve revealed on many prior occasions, is that buyers stand to snap up their best deal in the fourth quarter. That’s because sellers with homes stuck in the marketplace for 60 days or longer are frazzled and frustrated. And they’re itching to unload their stalled properties to close the deal before December 31.

So if you buy now, you’ll not only get a spectacular holiday present. You’ll leap into the new year with a crisp, fresh start and a sparkling new Laguna Beach home you got for a steal! Not a bad way to begin!

Are you ready to take advantage of the record low interest rates and discover the wealth of year-end opportunities in the Laguna Beach real estate market? Contact the caring professionals at The Coastal Property Experts today to schedule your complimentary consultation.  We promise you’ll discover your perfect opportunity in the Laguna Beach real estate market…much sooner than you think.

The Coastal Property Experts

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