News & Article

Category: Real Estate

Business

You CAN Become a Homeowner—Taking Fear and Anxiety Out of Homeownership

Are your dreams of owning a home overshadowed by fear—fear of not qualifying for a loan – fear of not having a sufficient down payment, or fear you’ll be house-poor once you purchase the home? If you allow your fears to run wild, you could think of a gazillion reasons to be afraid of home ownership, but none of them would be valid. The truth of the matter is with the right guidance, tools, and

Business

Impact of Fed’s Rate Increase on Mortgage Rates

Impact Of Fed’s Rates Increase On Mortgage Rates So you want to know what happens to mortgage rates when the Feds increase rates? Since mortgage rates respond to market forces, you need to know that the Federal Reserve influence mortgage rates indirectly. Sometimes, mortgage rates increase when the Fed increases short-term rates. This happens because the central bank’s operation set the tone for most other interest rates in the economy. However, mortgage rates don’t always

Business

Buying A Home In A Higher Trending Interest Rate Market

There is still good news despite currently being in a higher interest rate market. And that is that we’re still at levels that are historically low overall. Therefore, if you’re not buying a home with cash, you probably want to know if you can afford a home when interest rates are rising. Without a doubt, there is a lot more than interest rates to factor in when buying a home – location, structural condition, and

Lending

Preparing To Buy Your First Home

So you have decided to buy your first home, right? Congratulations. Just like so many other people, you have reached the point in your life at which buying your own home becomes one of the most reasonable decision to make. So what do you do next after deciding to buy your dream home? There are steps to be taken before you do anything else. These are boxes you should tick if you’re really ready to

Real Estate

Hoping To Downsize? What You Need To Know Before Looking At Listings

One of the reasons people flock to Redlands, CA is the laid-back, community-focused atmosphere. With a comfortable climate and proximity to major cities in Southern California, Redlands is often a choice for people who don’t want the hustle-and-bustle of a metropolis. For that reason, Redlands is an excellent opportunity for those of retirement age to downsize their family home to access a relaxed lifestyle near to everything you still need. Whether you’re looking to downsize

Real Estate

Interest Rate Rises: What This Means For Your Mortgage Prospects

It’s that time again: the Federal interest rate is on the rise and showing signs of continuing to do so before the year ends. So far, the Fed has focused mostly on raises to short-term interest rates, which includes things like credit cards. For the most part, rates for mortgages have been left to a slower climb. But that is likely to change. What steps should you take if you plan on taking out a

a pair of miniature people with a model house.
Business

What You Need To Know About Dealing With A Homeowner’s Association In Orange County  

If you’re shopping for a home in Orange County, there’s a good chance you find yourself in an area with a Homeowner’s Association (HOA). Essentially, an HOA is the governing body for a local residential area – whether that includes one building or 100. The HOA will be responsible for making and enforcing rules on everything from exterior paint colors to what you can keep on your front lawn. An HOA helps protect the feel

New Home or Old Home? How Property Age Can Affect Your Real Estate Search in Corona California

When you’re in the market for a new home in a place like Corona, CA, you may find that you’re faced with a big decision: should I buy a new house, or an old one? There’s something to be said about being the first or second person to inhabit a property, but there’s also the magic of old, historic houses to consider. Corona offers a unique chance to live in homes built as far back

Are You A Veteran Struggling To Find A Mortgage in California? You May Have Overlooked Your Best Option

Buying a home can be stressful enough, and when it comes to securing financing for that home, your anxiety can quickly rise. But if you are an active service member, veteran, or surviving spouse, your search for a home mortgage should be simple: look to VA loans. VA loans offer veterans several advantages, such as: No down payment No private mortgage insurance (PMI) Easier qualifying criteria Lower required credit scores If you’re shopping for a

Part 3 of 4 of getting cash from your home – How Much Money Can You Get With A Cash Out Refinance?

A cash-out refinance can be a pathway to making improvements on your home, paying off other debts, and even just for taking a vacation. By taking out a new loan worth more than your original mortgage, you can start putting that extra cash to use however you want. But just how much money can you get with a cash-out refinance? When setting your goals for your cash, you also want to make sure you’re not