Since about 2010-2012 the prices of most houses in California have not declined at all. The opposite has happened. Home prices have gone up, and up, and then up more. Since housing is often cyclical it is natural to expect that might change. Add the uncertainty that 2020 brought and you would be right to …
If you’ve been home shopping in a higher-cost housing market, then you may have been presented with an option for a jumbo loan—even if the homes you’re looking at aren’t jumbo-sized. That’s because the “jumbo” in jumbo loans refers to the size of the loan, not the size of the property, and it’s something you …
Understanding the Difference Between Jumbo vs. Conforming Loans Read More »
When it comes to money-saving strategies for homeowners, refinancing your home can be near the top of the list. Of course, each refinance comes with a unique set of circumstances, and you may be wondering whether a second or third refinance is something you want to do, or if you can even do it at all. The …
With the current housing market’s record-low inventory and all-time-high price tags, waiting for more favorable conditions would seem like the smart move for homebuyers. However, historical data and current trends suggest, however, that shoppers who sign early this winter are likely to get a better deal. According to an article published by Mortgage News Daily analyzing the past 7 …
Homebuyers May Get More For Their Money This Winter Read More »
When it comes to getting a lender’s approval to buy or refinance a home, there are 3 key numbers that affect your ability to qualify for a mortgage and how much it will cost you — your credit score, debt-to-income ratio, and loan-to-value ratio. Here’s a rundown of what they are and why they matter. Credit Score You’re …
Know How Your Numbers Work When Applying for a Mortgage Read More »