Gabriel Rios - First Bank Mortgage

Gabriel Rios - First Bank Mortgage First Bank NMLS #551928

03/25/2024

HOUSING AFFORDABILITY HAS BECOME A CHALLENGE FOR MANY BUYERS.
Elevated interest rates have caused mortgage payments to remain at their highest point in over two decades. Meanwhile, rents have also increased dramatically in the past several years. This is putting a squeeze on potential homebuyers. Here are two ideas that can help:

Consider a seller-paid 2-1 buydown. A "Seller-Paid 2-1 Buydown" is where the seller pays a fee at the closing to reduce the interest rate on the buyer's mortgage by 2% in year 1 and 1% in year 2. This results in temporarily lowering the buyer's monthly payment and making the home more affordable for them.
Consider seller-paid points. Points paid by the seller at closing can reduce the buyer's interest rate and monthly payment, making the home more affordable. While a seller-paid 2-1 buydown has a much bigger impact on the buyer's monthly payment in the first two years, seller-paid points may save the buyer more money over the long term.

If you need help, reach out and we will gladly help!

Here at NEO, we often encounter various concerns when it comes to buying a home; however, it's interesting to note that ...
01/08/2024

Here at NEO, we often encounter various concerns when it comes to buying a home; however, it's interesting to note that there's always a solution!

We can't emphasize enough the importance of being well-informed when it comes to real estate investments. While buying a home may not be as complex as it appears, navigating the process can become challenging without a lender who takes the time to guide you through the details. This is where we step in!

We'd be delighted to discuss home loan options with you. If you'd like to learn more about the programs that are available, send us a message!

When it comes to selling your home, less is certainly not more.Investing in high-quality photography and/or videography ...
04/19/2023

When it comes to selling your home, less is certainly not more.

Investing in high-quality photography and/or videography for your home listing can help improve the overall appeal of your property. 📸🎥

You want your prospective buyers to envision themselves in your home as their own. 😁

Listen in to this helpful ! 🏡If you are considering making updates to your home while you own it, first think – what wi...
04/17/2023

Listen in to this helpful ! 🏡

If you are considering making updates to your home while you own it, first think – what will most increase the property value of my home?

Something as small as repainting the walls before you move, cleaning your carpets, or having an electrical inspection done can help INCREASE ⬆️ your resale value quite a bit.

Let’s BUST a common home buying myth! 🔍“It is cheaper to rent a home or apartment than to buy your own home.”While it is...
04/11/2023

Let’s BUST a common home buying myth! 🔍

“It is cheaper to rent a home or apartment than to buy your own home.”

While it is true that there are additional expenses associated with buying a home, such as home maintenance and property taxes, homeownership can help you to build EQUITY which is money going into your pockets instead of a landlord’s. 💸💸

Some bunny 🐇 told me you were looking to purchase your first home...Come to me for all of your home buying questions.I w...
04/09/2023

Some bunny 🐇 told me you were looking to purchase your first home...

Come to me for all of your home buying questions.

I would be hoppy to help you find the home of your dreams in your DREAM location! 🤩

Here today with a to share! 👋Start your neighborhood search early on, even before your home search. 🔍Take some time to...
04/07/2023

Here today with a to share! 👋

Start your neighborhood search early on, even before your home search. 🔍

Take some time to drive around the area you are interested in during different times of the day. This will help you to determine what you like and maybe don't like about the area.

04/04/2023

April is !

Maintaining a stress-free lifestyle is important to your overall mental and physical health.

To decrease stress in your life, you can:

🏃‍♀️ Exercise more frequently
🍎 Follow a healthy diet
☕ Reduce your caffeine intake

What other tips do you have? Share them below ⬇️

04/01/2023

CALHFA Dream for All! This is an AMAZING first time buyer program but do you want to know the BEST part? Not only do they provide 20% for your down payment but there is no payment on this amount. I think this is the biggest element that most people advertising this program are missing. Please take a few moments to watch this video to learn how reallocating the funds you would have spent can up and help you become wealthy!

Example used in video:

$1,000,000 Purchase

Traditional Loan with 5% down= $50,000 Needed to be saved

$150,000 that would be added to the loan as not receiving the 20% down payment assistance

Payment would be $998 more per month (principle and Interest http:// assumed rate

Mortgage Insurance would be required $332 estimate

Total payment difference $1,330 Monthly

Now, what if you reallocated those funds into another type of investment (S&P 500, high yield savings account, 401k, College fund for children etc.@5%) for ten years before selling or refinancing.

The savings would add up to nearly $300,000!!! This is why I believe this product can change lives and help people become homeowners today. Reach out to get started today!

Have you ever considered investing in a fix-and-flip property? 🛠️There could be quite a few benefits to putting money in...
03/31/2023

Have you ever considered investing in a fix-and-flip property? 🛠️

There could be quite a few benefits to putting money into this type of property…

✔️ Avoiding the high costs of renting
✔️ The ability to customize the property to your specific taste
✔️ Future opportunities for new streams of income by renting out your finished property

If you are feeling similar to our friend, Kevin, here...no need to fear! 🙌Deciding to purchase your first home can bring...
03/30/2023

If you are feeling similar to our friend, Kevin, here...no need to fear! 🙌

Deciding to purchase your first home can bring a plethora of emotions, including excitement, fear, and worry. My job is to help you feel more financially prepared as you enter your . 🏠

Send me a DM today to talk details. 😁👍

Let’s talk pre-approval vs. pre-qualification…⚖️The two are somewhat similar but should not be interpreted as the same p...
03/28/2023

Let’s talk pre-approval vs. pre-qualification…⚖️

The two are somewhat similar but should not be interpreted as the same process.

Pre-qualification involves supplying a lender with an initial financial “snapshot” while pre-approval takes a larger look at things. A potential buyer must fill out a full mortgage application to get the approval from their lender.

Now you are more in the know! 👍

“The starting point of all achievement is desire.” 🏆What are your real estate goals for 2023? Is this the year you want ...
03/25/2023

“The starting point of all achievement is desire.” 🏆

What are your real estate goals for 2023? Is this the year you want to purchase the home of your dreams? Don’t let your fears overtake your desire to purchase real estate of your own.

Now is the time to invest in a new property or your dream home & I am ready to help you through the process, step by step, and get you the results you deserve.

Let’s connect today! 🙌

03/23/2023

FHA Loan? Learn a bit about why FHA loans are one of the best options available. they allow you to buy with as little as 3.5% down, even for a duplex! Also, gift funds are allowed. There are plenty of reasons to love FHA. Let's chat to go over your options and how you can become a happy homeowner today!

DID YOU KNOW? 💭The average American spends between 5K-10K making a home their own, once they move in! 🖼️💸While this may ...
03/23/2023

DID YOU KNOW? 💭

The average American spends between 5K-10K making a home their own, once they move in! 🖼️💸

While this may be tempting, it is important to remember the importance of budgeting.. It is easy to get carried away and forget about your new monthly financial commitments as a homeowner, like your mortgage, taxes, and utilities.

Start out on the right foot by setting a budget for home decor and renovations that will work for YOU.

WELCOME SPRING 🌸🌸Spring is a time for new beginnings, fresh starts and all the floral blooms.How about ringing in this n...
03/20/2023

WELCOME SPRING 🌸🌸

Spring is a time for new beginnings, fresh starts and all the floral blooms.

How about ringing in this new season with a BANG and starting the search for a home of your own?

Send me a DM to get started 🙌

DID YOU KNOW? 💡Recycling just 1 glass bottle can save enough energy to light a 100-watt bulb for 4 hours.Make the switch...
03/18/2023

DID YOU KNOW? 💡

Recycling just 1 glass bottle can save enough energy to light a 100-watt bulb for 4 hours.

Make the switch and create a plan to reduce, reuse, and recycle more frequently in your home. ♻️

Address

San Jose, CA

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

(408) 605-2960

Website

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