Qualifying for a Loan after Mortgage Forbearance
In March when the COVID-19 related shut-downs began, the federal government and states enacted policies to protect homeowners experiencing difficulty in making their mortgage payments due to the coronavirus. Known as mortgage forbearance, these options protected homeowners...
Housing Market is a Bright Spot in the U.S. Economy
Last week multiple national financial news outlets reported that home prices pushed higher, fueled by the combination of low interest rates and limited inventory, further emphasizing that what we have been saying about our Southern California market is happening in cities across...
Breaking Down The Pros and Cons of a 30-Year Fixed-Rate Home Loan
Are you considering a 30-year fixed-rate mortgage? We're not surprised. Thanks to an extended repayment period and fixed-rate, homeowners can count on a predictable low monthly payment. Here's what you need to know about a 30-year fixed-rate loan and it’s alternatives...
DO’s DON’Ts & APPLYING FOR A MORTGAGE
Getting a mortgage is a complex process and perhaps one of the most significant events of our lives, at least in financial terms.
Here are five potential pitfalls to avoid:
1. Making major purchases during the loan and home buying process: Items like furniture, appliances, and...
The time to purchase is NOW!
As we move into Fall - in what still feels like a Spring Homebuying season, there have been some recent actions taken by the FED that has had a positive impact on the mortgage and real estate industry leading to the perfect market for homebuyers.
The Federal Reserve redefined...