When you read about the housing market in the news, you might see something about a recent decision made by the Federal Reserve (the Fed). But how does this decision affect you and your plans to buy a home? Here’s… Read More »How Inflation Affects Mortgage Rates | Bruce Clark
One of the first steps when considering purchasing a home or income property is to find out just how much you can afford to invest. There is a big difference between ‘pre-qualified’ and ‘pre-approved’ – and in a fast market,… Read More »Pre-Qualified Vs Pre-Approved For A Loan
What are the benefits of Homeownership Vs. Renting? This is a question we get often and work hard to educate those looking to purchase a home – especially first-time home buyers. What down payment does one need? What about closing… Read More »Should I Buy or Rent a House: Home Ownership vs Renting + Calculator
It’s here, the CalHFA Downpayment Assistance & Equity Share Program (California Dream For All Shared Appreciation Loan). So much to know about this loan and the requirements. We’re talking up to 20% of the purchase price as a ‘silent’ loan,… Read More »CalHFA Downpayment Assistance & Equity Share Program
Big announcement this week by the FHA (Federal Housing Administration): the Mortgage Insurance Premium (MIP) is being reduced from 85 basis points to 55 basis points (.85% to .55%), which can potentially result in upwards of $100,000 in lifetime loan… Read More »FHA Announces Lower Lower Mortgage Insurance Premiums!
The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: “Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeowners and the fear of… Read More »The Two Big Issues the Housing Market’s Facing Right Now
It Might Be MUCH Less Than You Think! If you’re getting ready to buy your first home, you’re likely focused on saving up for everything that purchase involves. One cost that’s likely top of mind is your down payment. But… Read More »Wondering How Much You Need To Save for a Down Payment?
The Market Is Adjusting To The ‘New Normal’ Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last… Read More »Think Twice Before Waiting for 3% Mortgage Rates
There is so much to know about buying a home as a veteran: with a VA Home Loan, there are unique opportunities for Veterans, active-duty personnel, and their families in recognition of their service to our Nation. Some Highlights Looking… Read More »Making a Home for the Brave Possible
For over 78 years, Veterans Affairs (VA) home loans have provided millions of veterans with the opportunity to purchase homes of their own. If you or a loved one have served, it’s important to understand this program and its benefits. Here are… Read More »VA Loans Can Help Veterans Achieve Their Dream of Homeownership