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31% of Purchases are Cash; $5,000 = Payment of $26

31% of all purchases in California in January were ALL CASH. This is the highest percentage ever. All we can say after all we have been through with lenders is “no wonder”. But, we are making strides to make the process easier.

A $5,000 increase in price results in an only $26 higher monthly mortgage payment. After tax benefits, this payment- increase can be as little as $15. (This is a note to all buyers determined to get the best deal possible who get out-bid over and over.

Jay Voorhees
Founder/Broker | JVM Lending
(855) 855-4491 | DRE# 1197176, NMLS# 310167