Been thinking about buying a home or refinancing, but still haven’t moved forward with your plans? Mortgage rates have been all over the map since COVID-19 struck, but we have seen some impressive low rates in recent months. And today, rates plunged yet again to a new record low. CNBC reported on May 15th, “The […]
Los Angeles Mortgage Broker Offers 3 Insights About Fix and Flip Loans
Most people think that the work of a realtor is as easy as taking the keys to a home and touring it around strangers to get a potential buyer. On the contrary, a lot of work is needed to bring a home to a satisfactory deal. Not all properties are handed to realtors in a […]
3 Benefits of Fix and Flip Loans – Why You Should Consider It for Your Real Estate
Real estate can be a lucrative business, but even experts of the trade find it tricky to get their foot in the door as most properties in a hot market sell for a hefty upfront investment. That’s why many investors saw an opportunity in fix-me-upper properties, which is what you would call flipping houses. It […]
Federal & State Actions Toward Mortgage Pay Interruptions
The coronavirus pandemic triggered an economic recession, affecting various industries, including real estate. Some people with mortgage payments are unable to pay their monthly dues because of sudden unemployment. Because of that, the government issued several legislations to help ease the burden on its constituents at the federal and state level. It is critical to […]
Mortgage Refinance: 3 Excellent Reasons to Opt for One
Are you planning to refinance your mortgage? If so, know that refinancing a mortgage means you are paying off a loan for a brand-new loan. While that might sound counter-intuitive, there are a few benefits to be earned from this. For example, some homeowners refinance to enjoy lower interest rates and pay off their mortgage […]
How to Qualify for an FHA Loan
Many of us have dreams of owning our own homes, not solely for the purpose of having a roof over our heads but also for investment. It’s no secret, however, that homes are expensive and cannot be easily bought. It requires shelling a ton of money—money you may not have now. This is where a […]
3 Key Factors to Consider When Looking to Refinance – What to Know
Many mortgage borrowers consider refinancing when the real estate market presents low mortgage rates among various lenders. Chances are that they immediately take the plunge into refinancing without having critical thinking and deliberate decision-making. What many fail to realize is the fact that refinancing is actually a tricky process. You must first think things over […]
Direct Lender or Mortgage Broker: Which One Should You Choose?
So, you need money to purchase a home, and you come across two ways to get money: a mortgage broker and a direct lender. What’s the difference between the two? Which one is the better option? Let’s find out: Direct Lenders What’s a direct lender? As the name suggests, they’re the ones you go to […]
Understanding the Difference Between a Jumbo Loan vs. Conventional Loan – Our Guide
House prices in multiple areas in the U.S. continue to spike up, which is why home buyers are looking for alternative loan options as regular mortgages are no longer enough to finance their dream home. That’s where jumbo mortgages come into play, which covers for loans that exceed the limits set the by the enterprises […]
What Myths Hurt VA Homebuyers the Most?
If you are a veteran, active-duty service member or eligible surviving spouse, you can apply for a VA mortgage to purchase a home in Los Angeles with zero down. But many qualified homebuyers hold back from claiming their VA loan benefits because of myths and misconceptions concerning the program. These myths and misconceptions do nothing […]
