Park Place Foundation Group Pays It Forward in New York City

Joe Costa, San Diego, California's residential mortgage professional, took his foundation Park Place Foundation Group from west to east and enjoyed Paying It Forward in New York City. "I strive to teach my children the importance of helping people that are in need. I have been very fortunate to have my own successful mortgage company.  I have always loved helping people to purchase new homes or save money by refinancing their current homes, so to be able to create a charitable foundation and help people that are less fortunate than myself is truly a gift that I can give to my children."  For more information on how to help or donate please contact Joe Costa at joe@parkplacefg.com or (646) 245-7856.

Park Place Financial Group Pays It Forward

Park Place Financial Group has recently established it's own charitable foundation known as The Park Place Foundation Group.  Joe Costa, CEO of Park Place Financial Group, wants to pay it forward to his community in San Diego, California.  Park Place will donate $100 for every purchase loan or refinance that the company closes. Our first charitable event will be serving meals at Father Joe's Village.  We are also establishing an ongoing virtual food drive for Feeding America.  You can donate to the food drive by either accessing our webiste at www.parkplacefg.com or on our Facebook page The Park Place Foundation Group.

Your Down Payment

Lots of buyers can qualify for a mortgage loan, but they don't have a lot of money to pay a down payment. Get started here

Tighten your belt and save. Scrutinize your budget to discover ways you can cut expenses to save for your down payment. You might also decide to enroll in an automatic savings plan at your bank to automatically have a specific amount from your take-home pay moved into your savings account. You could look into some big expenses in your budget that you can give up, or reduce, at least temporarily. For example, you may move into less expensive housing, or stay local for your annual vacation.

Sell items you don't need and find a part-time job. Look for an additional job. This can be rough, but the temporary difficulty can provide your down payment money. In addition, you can put together an exhaustive list of items you can sell. Unused gold jewelry can be sold at local jewelers. A closet full of small things could add up to a nice sum at a garage or tag sale. You might also look into what your investments may bring if sold.

Tap into your retirement funds. Explore the details for your particular plan. Some homebuyers get down payment money by withdrawing funds from their IRAs or borrowing from 401(k) plans. Be sure to ask your plan representative about the tax consequences, repayment terms, and possible early withdrawal penalties.

Ask for help from generous family members. First-time homebuyers are sometimes lucky enough to get help with their down payment assistance from giving parents and other family members who are willing to help them get into their first home. Your family members may be pleased at the chance to help you reach the milestone of buying your first home.

Learn about housing finance agencies. These types of agencies provide special loan programs to low and moderate-income homebuyers, buyers with an interest in rehabilitating a house in a targeted area, and additional specific kinds of buyers as specified by the agency. Financing with this kind of agency, you may be given a below market interest rate, down payment help and other advantages. These kinds of agencies may assist you with a lower interest rate, get you your down payment, and offer other assistance. The main goal of not-for-profit housing finance agencies is boosting residential ownership in particular parts of the city.

The satisfaction will be the same, no matter which method you use to come up with the down payment. Your brand new home will be well worth it!

Want to discuss the best options for down payments? Call Joe Costa at Park Place Financial Group located in San Diego, California 646-245-7856.

Is Refinancing Worth The Cost?

Some have said that only when your new interest is at least two points lower, should you refinance your loan. That could have been accurate a while back, but with refinancing dropping in cost recently, it's a good time to think about a new loan! Refinancing has various advantages that will often make it worth the initial expenditure a few times over.

Advantages of Refinancing

You might be able to lower your interest rate (sometimes significantly) and reduce your mortgage payment amount with your refinanced mortgage loan. You also might be given the option of pulling out some of the equity in your property by "cashing out" a sum of money to renovate your home, consolidate debt, or take your family on a vacation. With lower rates, you might also be able to build up home equity faster by moving to a shorter-term mortgage loan.

The Cost

Of course, you will have some fees and expenses during your process of refinancing. When you refinance, you're paying for basically the same things you were charged for at the time you got your original mortgage loan. Included in the list will typically be an appraisal, underwriting fees, lender's title insurance, settlement costs, and other fees.

Do the Math

Paying discount points can get you a better interest rate. The money you'll save over the life of the mortgage loan might be significant if you have paid up front about 3% of the new loan total. We recommend that you talk to a tax professional before acting on hear-say that the paid points can be deducted on your federal income taxes.

Another thing about taxes is that if your interest rate is lowered, naturally you'll also be lowering the interest amount that you'll be able to deduct on your federal income taxes. This is another expense that some borrowers consider. We can help you do the math! Call Joe Costa at San Diego, California's Park Place Financial Group (646) 245-7856.

All things considered, for most the total of initial costs to refinance will be made up soon in monthly savings. We can help you find out your options, considering the effect a refinance may have on your taxes, if you are likely to sell your home in the near future, and your money on hand. Call us at (646) 245-7856 to get started.

Want to know more about refinancing? Call us at 646-245-7856.

Determine How Much You Can Borrow

A couple of factors determine the amount of money you can borrow.  What kind of monthly payment are you looking for? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? Use the calculators on our website www.parkplacefg.com to determine your monthly payment amount. San Diego, California's Park Place Financial Group will also help you through different scenarios by asking a few simple questions. Because lender guidelines are fairly standard, we can give you a good idea of how much you can borrow after a short conversation. Call Joe Costa today at (646)245-7856.

Joe Costa's Weekly Mortgage Segment on 1170am

Tune in and get Radio Active with Joe Costa, the CEO of Park Place Financial Group.  Joe's informational weekly mortgage segment is on 1170am every Friday at 8pm.  He provides his San Diego, California listeners with real life loan scenarios and helps to educate buyers on the importance of choosing the right mortgage lender/broker who will find the best home loan product for that individual's life situation.  Go to www.joecosta.info

Park Place Financial Group Builds Value Based Relationships

Are looking to lower your current interest rate or obtain a loan for a home purchase? If you are,  Park Place Financial Group located in San Diego, California would like to help. At Park Place Financial Group, building a value based relationship is our number one priority and our passion is all about helping our customer find the best possible loan program based on their current and future needs. In doing so, we utilize our years of experience and expertise to help you succeed and build your real estate wealth. Give Joe Costa a mortgage professional with over 25 years of experience a call today at 646-245-7856. 

The Benefits Of A Mortgage Broker

There are many benefits for a borrower when obtaining a loan through a mortgage broker as opposed to a retail lender such as a large bank.  A mortgage broker is able to shop around and find many different loan options for the borrower whereas a retail lender is restricted to only the loan products that the institution carries.  A mortgage broker has the ability to be much more hands and community oriented with a borrower allowing the broker to build a solid realtionship with his/her client and walk the clients through the entire loan process.  A retail lender, on the other hand, is often restricted to telephone conversations and online access to their clients.  At  Park Place Financial Group, a San Diego, California based mortgage brokerage firm, we thrive on our philosphy that we are value based and relationship oriented and work diligently to find the best loan products and financing that meet our client's needs. Call Joe Costa at 646-245-7856 with any questions.

Park Place Financial Group Is Here To Help

Deciding to buy a house or refinance a mortgage is an important step.  Park Place Financial Group, located in San Diego, CA will help locate the loan program that's the right fit for you. We have a team of professionals to guide you through this major financial decision. For guidance in finding the best loan program for your unique situation, please contact Joe Costa at (646) 245-7856.

Joe Costa at Park Place Financial Group Can Help You Get A Loan This Summer

Before looking to purchase a home this summer, call Joe Costa at San Diego, California's Park Place Financial Group for a loan prequalification or preapproval letter.  This makes it easier when you find the perfect home to know that you already have a lender in place.  Joe Costa has been in the mortgage industry for over 25 years and can answer any questions you might have regarding interest rates and financing for a variety of purchase loan products that are available.

Happy Memorial Day from Park Place Financial Group

Happy Memorial Day from Park Place Financial Group, San Diego, California 's premier mortgage company.  We honor all of the heroes that have served and are serving to protect our country. Thank you for your great service.

Get Radio Active with Joe Costa from Park Place Financial Group

Tune in and get Radio Active with Joe Costa, the CEO of Park Place Financial Group.  Joe's informational weekly mortgage segment is on 1170am every Friday at 8pm.  He provides his San Diego, California listeners with real life loan scenarios and helps to educate buyers on the importance of choosing the right mortgage lender/broker who will find the best home loan product for that individual's life situation.  Go to www.joecosta.info

Park Place Financial Group

Park Place Financial Group's CEO, Joe Costa, has been in the mortgage industry for over 25 years with offices in both New York and California.  Today he focuses mainly on California since his move to San Diego.  Joe's philosophy when it comes to his clients is value based and relationship oriented. Stay tuned for some valuable mortgage information.  If you have any questions regarding different types of home loan programs, industry mortgage rates,  and refinancing Joe can be reached at joe@parkplacefg.com