Understanding mortgage payments is key for borrowers. Fixed-rate mortgages provide stability with unchanging interest rates, ensuring predictable payments. Conversely, variable-rate mortgages have fluctuating interest rates linked to market changes, offering lower initial rates but higher risks. The calculation of fixed-rate…
The California housing market rebounded in July, with home sales reaching a five-month high, driven by declining mortgage rates. Existing single-family home sales rose 3.6% from June and 4.1% year-over-year, totaling 279,810. The statewide median home price fell slightly to…
Check your financial health, focusing on credit score and debt-to-income ratio. Understand your home equity, including how much you’ve built up and its current appraised value.
Association of Realtors, mortgage rates are likely to stabilize ~6%. The long-term avg for mortgage rates is ~7%, indicating that the current rates are not abnormally high.
Community amenities enhance your living experience, making a neighborhood truly exceptional and welcoming. A clubhouse serves as the social hub, perfect for events and fostering neighborly connections.
Assess building type and market trends before investing in commercial Real Estate. E-commerce growth increases demand for industrial warehouses and multi-family apartments.
Some brokers charge an upfront fee, others are 'fee-free' and earn commission from lenders. Is paying a broker worth it? Fees secure low-cost, exclusive deals, specializing in self-employed or bad credit cases.
A portable mortgage lets you transfer your home loan to a new property with the same lender and terms. To port a mortgage, you need a portability clause in your agreement, and you must qualify for the new loan.
13News investigated a social media post suggesting a mortgage payment hack. Making biweekly payments instead of monthly can save money and time on a mortgage. Loan officer Audrey McClelland confirmed this method can reduce interest and shorten the loan term.…
Weigh Flexibility vs. Investment: Renting offers flexibility, while buying builds equity and offers tax benefits. Consider Long-Term Stability: Buying is better if you plan to stay in one place for many years.
