Housing Market - Specifically Southern California

[ZenkiKid]

Originally Posted by S14kouki805

At the advice of my CPA, it is better to purchase at a lower value and higher rate since you will be paying on a lower principal balance. If and when the rates drop again you will be in a better position to refinance since your loan to value will be lower.

Just my 2 cents for whatever its worth

This is great advice. I WAS thinking about buying this year but the prices where I live (San Diego) are outrageous. Its really telling when a Loan Officer tells you straight up that its a tough time to buy right now.

(I have amazing credit and good DTI ratio for those wondering)