United Way’s Mission United Program Supports Veterans

Mission Unitedpic

Mission United
Image: unitedway.org

Led by David Gomez, Priority Mortgage Group operates from its headquarters in San Dimas, California, as Priority Financial Group. As a way of giving back to the community, David Gomez’s Priority Mortgage Group donates to United Way.

United Way runs Mission United, a program dedicated to helping veterans obtain healthcare and financial stability. Delays and inefficiencies in the system can subject veterans to weeks or even months between service delivery, and this affects crucial services such as healthcare for post-deployment injuries and disability claims.

Mission United solves this problem by coordinating efforts to help veterans access affordable housing, healthcare, education, and job training. The program encourages veterans to return to school and graduate from college under the GI Bill. It employs full-time coordinators and has even set up veteran student centers in colleges and universities. The program also partners with local businesses to encourage the hiring of veterans and coordinates with volunteer success coaches to mentor veterans on essential job skills such as writing resumes, networking, and performing job interviews.

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30-Year vs 15-Year Mortgage – Factors to Consider

Mortgage pic

Mortgage
Image: investopedia.com

Drawing on the guidance of company president David Gomez, Priority Mortgage Group serves clients as Priority Financial Group, based in San Dimas, California. There, Priority Mortgage Group offers a variety of mortgage products.

When choosing between a 30-year and a 15-year mortgage, a borrower needs to consider both monthly payments and the overall cost of the loan. In general, 15-year mortgages offer lower interest rates than 30-year products. And because of the way payment allocation works within a mortgage, more of a borrower’s monthly payment on a 15-year mortgage goes toward the principal.

This means that a 30-year borrower may end up accumulating more than twice as much interest as a comparable 15-year buyer, whose total amount paid will be significantly less in the end. However, because the15-year borrower has half as much time to pay off the loan, monthly payments are significantly higher.

Therefore, to decide between a 30-year and a 15-year loan, a borrower must determine whether he or she can afford higher monthly payments in exchange for a shorter payment period and overall savings. Those who cannot may need to choose a 30-year mortgage, though it may be possible in that case to make extra payments and reduce overall interest accumulation.

2018 Housing Trends Benefitting Potential Homebuyers

 

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Housing Trends
Image: realtor.com

A lending company led by David Gomez, Priority Mortgage Group (dba Priority Financial Group) serves clients in the Southern California area. David Gomez and his team at Priority Mortgage Group work to provide clients with superior lending services by staying up to date on the latest developments in the housing and mortgage industry.

Although mortgage rates are expected to rise in 2018, many experts are predicting that the overall housing picture is going to improve for homeowners and potential homebuyers. After a few years of limited inventory, the market could see the housing shortage finally start to ease during the latter half of the year. With more houses on the market, it should be easier for potential buyers to find a home that meets their family’s needs and budget.

In addition to more homes coming up for sale, a deceleration in home prices is expected to occur in 2018. Home prices across the country increased by over 6 percent in 2016 and 2017, but many industry groups are predicting that existing home prices will slow to around 4.1 percent growth nationwide over the coming year. A slowdown in price increases is particularly good news for those looking to purchase their first home.

Signs of Financial Readiness for Homeownership