Risk in Real Estate 😥😱
Young people seem to believe buying Real Estate now is a Risky proposition.
The reality is that lenders or banks take on most of the risk while the buyer takes on a small portion. You can bring as low as 4% for downpayment and the bank will lend 96% of the loan.
The banks protect their own assets by pre-qualifying the buyer and also doing their own appraisal of the property to make sure the risk is not too great for them. Banks will always protect their money.
All you have to do is find a nice home that you want to live in.
Banks know more about risks than the consumer ever will. Their core business is about making money. They will not be in the mortgage business it it were too risky.
It’s all about making money…….
Contact me if you have questions or need help.
Looking to Buy, Sell or Invest? We can help.
Text 650-605-3188 🤳
Steve Mun Group
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