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    Kevin Pistole
    ​NMLS# 1310964

    Kevin is a Sr Loan Officer with Geneva Financial, LLC and is licensed in AZ, CA, and WA.

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Kids Come First When Choosing a Home and Location

8/15/2019

 
Kids are they’re parent’s entire world, so it’s no surprise that when choosing a home to buy, parents sacrifice their own wants and needs for the greater good of the family.
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With the younger millennial buyers entering the market, many of which don’t have kids yet, 73% of them currently own a pet and 89% of millennials who bought a home so far this year own a pet, according to the American Pet Products Association.
Most would agree that purchasing a home is one of the biggest if not the biggest financial decisions of our lives, so when it comes to buying a home whether you have actual kids or dogs/cat/etc you call your kids. They become first priority when choosing which home to buy.


For parents with kids, 50% of them chose a home based on its location and school district. I know this first hand because when I was younger, the home we lived in was located in an area that my parents didn’t want my brother and I to go to school in so my mom used our babysitters address to ensure we were within the zone for school she wanted us to go to.


As a soon to be parent I can definitely see my wife and I doing this to better our daughter’s education.


On the other hand, those without kids but have pets. Their home decisions aren’t focused so much on location, but geared more towards features for their pets. For example, having a bigger yard for their dog to run and play in or a nearby park within walking distance.


Back when I was looking at homes in 2009 my dog was 4 years old and full of energy. He’s now 14 with the same craziness as when he was young when meeting new people or seeing other dogs. Ask anyone who’s met him for the first time. HE’S A PSYCHO for the first 5-10 mins then calms down and is your best friend.


I looked at a few condos on the 2nd/3rd floors and looking back I am so thankful I didn’t get one of those places because it would’ve been such a pain every time he needed to go out, going up and down those stairs. Not to mention any time we encountered someone and/or their pet he’d be going crazy!


I was a perfect example of both these home buying decisions and didn’t even realize it at the time. Looking back I am extremely happy of the decisions that were made and I’m sure there are plenty of others out there looking to buy a home that may or may not consciously take these things into consideration.


Contact me today to get qualified to buy the perfect home for you, your family, and pets!
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Younger Americans want in on Homeownership.

8/5/2019

 
Homeownership is slightly down from Q1 to Q2 this year. It's no surprise that the senior population still had the highest rate at 78% for Americans 65 and older. Which came down from 78.5%. But the younger generation are the ones making the largest movement going from 35.4% to 36.4% from Q1 to Q2, which is the largest increase of any age group.
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Zillow's data suggests that the decline is due mainly to affordability and many homeowners not able to save up enough for a down payment.

Earlier this year Realtor.com published a report that showed Millenials surpassed Generation X as the group most responsible for the new mortgages in 2018. Since then, Millenials' share of the mortgage market has continued to rise.

By the end of 2018 Millenials represented 45% of all new mortgages, compared to 36% for Generation X, and 17% of Baby Boomers.

In Nov 2018, Millenials finally overtook Generation X as having the largest share of new loans by dollar volume, with a share of 42% in December, compared to a share of 40% for Gen X and 17% for Baby Boomers.

The big takeaway is that Millenials are willing to take on larger mortgages than any other generation to fulfill their dreams of homeownership.
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Kevin Pistole | Sr Loan Officer | NMLS# 1310964 | C: 425-478-7300 | O: 480-234-4695
​Geneva Financial, LLC | 4417 N 40th St Suite 300, Phoenix, AZ 85018 | NMLS: 42056 | BK 0910215
Visit Website Home Page: ​https://genevafi.com/kevin-pistole
Geneva Financial LLC does Business in Accordance With the Federal Fair Housing Law. Geneva Financial LLC is not acting on behalf of or at the direction of HUD/FHA or the Federal Government. Geneva Financial LLC is approved to participate in FHA programs but the products and services performed by Geneva Financial LLC are not coming directly from HUD or FHA. *The Product/Program information contained here is educational only and may not represent actual rates or financing terms. | Eligible Products – Purchase in Arizona Other conditions and restrictions may apply. Rates and available loan programs are subject to change without notice. Contact your loan officer for more information.
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