Mortgage rates are constantly changing in response to the prevailing condition of the economy. When the federal government wants to stimulate spending to curb the risk of high inflation, the cost to borrow money takes a dip. When the economy is strong, mortgage prices will be higher. Presently, however, interest rates are at an all-time […]
Answering 4 Questions Regarding Refinancing During COVID-19
You’re probably here because you were planning to remortgage but had your plans stopped by the ongoing pandemic. Your goals might have been set back a few months or even years because the mortgage option you needed is no longer available. Fortunately for you, your money-saving efforts can still be achieved. Even with COVID-19 causing […]
Flip Not Flop: Don’t Make These Mistakes on Your First Fix and Flip
Those TV shows have made house flipping so easy—you buy a house, wreak it with a sledgehammer, beautify it and voila! You can now sell it on the market and make a huge profit. In more ways than one, these TV shows make the process seem so simple and fun, and essentially a cash cow […]
When Is the Right Time for a Jumbo Loan? – What to Know
Los Angeles is one of the most expensive places to buy real estate in. According to Zillow.com, the average price of a home today in this city is $752,508, with a five percent increase from the previous year. That is slightly higher than the loan limits set by federal housing authorities (FHA) on conforming loans. […]
What is a USDA Loan & Should You Get One?
For most first-time homeowners-to-be, the most difficult and painstaking process is applying for a housing loan. While most homes look flexible on paper, what throws people off are high rates for the down payment. For most people, they can afford to pay the monthly mortgage but are driven away by the upfront costs for the […]
Reverse Mortgage: Advantages and Disadvantages
The reverse mortgage is a popular offer for people who are halfway through the payment of their home loan. It’s another loan that enables property owners to retrieve the unencumbered value of their current home. It’s taking the equity of your home and converting it into cash that you can use. A reverse mortgage allows […]
How Mortgage Lenders Dissect Credit Reports
A new home can be the biggest purchase of any new homeowner’s life. While some may be able to shell out a full payment in cash, others will have to obtain a mortgage loan from a lender. When applying for a Los Angeles mortgage, brokers pay attention to positive credit history, among other things. While […]
Mortgage Forbearance: The Key to Mortgage Issues During COVID-19
The Coronavirus disease (COVID-19) has swept through the entire world, disrupting all facets of the daily lives of people everywhere. The strict social distancing measures have dealt a huge blow to the economy, causing numerous businesses to close and leaving employees without a salary to live with. This increasingly problematic situation has dealt a major […]
Mortgages Rates Drop to Yet Another Record Low
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 […]
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