We recently posted a Beginner’s Guide to House Flipping. In that post, we highlighted the importance of preparing your own cash, budgeting, and learning the ins and outs of the local real estate market before getting into fixing and flipping homes. Even with your own cash at hand, however, a point will come where you […]
Our Beginner’s Guide to House Flipping – What to Know
Flipping homes is a serious business for expert real estate investors. It can be exponentially rewarding when you shell out your money to worthy fix-and-flop projects, but the road never goes on a straight line. It’s a tricky road to navigate, especially for beginners, as many get stuck just trying to figure out how to […]
Our Guide to USDA Loans in 2020 – What to Know as Homebuyer in California
If you’re familiar with the U.S housing market or have purchased or rented a few different homes throughout your lifetime, chances are that you’re familiar with USDA loans. Throughout the years, USDA loans have changed the lives of millions of Americans by offering an attractive, attainable, and effective form of financial assistance that affords anyone […]
A California Homeowner’s Guide to Mortgage Refinancing – What to Know
Throughout the course of homeownership, one of the toughest struggles that anyone must face is coping with the demands of monthly mortgage payments. Regardless of whether you’ve taken out a loan for a quaint little apartment or a gargantuan mansion, the struggle of paying a mortgage off will always be the same. Although the monthly […]
How Can You Stop Paying PMI?
In a previous post, I talked about how applying for an FHA mortgage is one of the things you can do to avoid putting a high down payment on a home. But if you have an FHA mortgage, you know that one of the detractors is paying for private mortgage insurance (PMI) each month. FHA […]
This is a Great Time to Refinance in Los Angeles
If you have been considering a refinance on your home loan in LA, you may want to think about moving forward with your application. You might be aware that mortgage rates bottomed out in September. Since then, they have been gradually rising, with a lot of ups and downs along the way. As of November […]
Fixed Mortgage Rates Settle Back Down to 3.65%
If you’ve been following what interest rates were up to during September, it’s been a rollercoaster of ups and downs. As of October 3rd, however, rates were reported by Freddie Mac to be “holding steady.” This put the 30-year fixed rate mortgage rate at 3.65%, while the rate for a 15-year fixed rate mortgage was […]
Tips for Finding Competitive Mortgage Rates in Los Angeles
This is a phenomenal time to be shopping for a home in Los Angeles. During the first week of September 2019, we saw mortgage rates take the steepest drop they have since 2002. But how can you make sure that you get access to the best mortgage rates in LA? Here are some tips. 1. […]
Options if You Cannot Afford a High Down Payment on a Home Loan
If you cannot afford to put a lot of money down on a home, you’re not alone. It is an all-too-common situation, especially among first time homebuyers. And because that is the case, there are several solutions. Following are some of your options if you cannot afford a high down payment on your mortgage in […]
Is It Better to Get a Fixed or Adjustable Rate Mortgage in Los Angeles?
If you are about to apply for a home loan, one of the many questions you may be asking yourself is, “Should I get a fixed or adjustable rate mortgage?” While this is a pertinent question anywhere, in a high-demand housing market like L.A., you may feel particularly concerned with making the right choice. Well, […]