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
Real estate market and interest rate update: at the June 2023 FOMC (Federal Open Market Committee) meeting, the Federal Reserve decided to not raise the federal funds rate for June (which breaks 10 consecutive increases in the rate). The Fed… Read More »Real Estate Market & Interest Rate Update: June 2023
If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed). But what does it mean for you, the housing market, and your plans to buy a home?… Read More »The Impact of Inflation on Mortgage Rates
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
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!
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
Some Highlights
You May Not Need as Much as You Think for Your Down Payment [INFOGRAPHIC] Some Highlights Looking to move to Southern California? Let’s talk: Zoom, phone, text, email, WeChat, WhatsApp. And don’t forget to download our FREE Mobile App.
If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it. A short-term rental (STR) is typically offered as an alternative to a hotel, and they’re an investment… Read More »Should You Keep & Lease Your House or Sell It?