Next 12-Month Mortgage Rate Forecast | #CityFirstMortgage
Mortgage rates expected to decrease each quarter from Q3 2024 to Q2 2025.Q3 2024: Avg mortgage rate projected at 6.83%
Breaking a lease won’t appear on your credit report
American Express benefits and offers can be found on their website. Breaking a lease may occur due to job relocation or financial struggles. Unpaid debt from a broken lease can harm your credit if reported to a collection agency. To…
Mortgage Dilemma: Fixed vs. Variable Rates | #CityFirstMortgage
Fixed-rate mortgages offer stability with unchanging monthly payments throughout the term. Variable-rate mortgages have payments that change with interest rate fluctuations, posing potential risks.
3 mortgage rate mistakes to avoid
Mortgage rates have been high due to various factors, but with speculation of a rate cut, it's crucial to avoid mistakes this July. Errors to avoid include not monitoring rate changes, considering adjustable-rate mortgages over fixed rates, and not shopping…
Mortgage Underwater? Here’s What You Can Do
When your mortgage balance exceeds your home's value, it's considered underwater. Strategies to deal with this include staying put to build equity, exploring refinancing options, considering a short sale, opting for a loan modification, or a strategic default. Refinancing and…
When to Sell Your Commercial Property? | #CityFirstMortgage
Selling commercial Real Estate depends on financial strategy and market conditions.Plan for a six-month sales cycle, including preparation, marketing, and closing.
Experts Share Tips for Best Mortgage Rates | #CityFirstMortgage
Negotiating with lenders and exploring local credit unions can help reduce mortgage rates. Understanding rate buydowns and refinancing options can make homeownership more affordable.
5 Key Steps to a Successful Home Renovation | #CityFirstMortgage
Set a goal: Determine what you want to achieve with the renovation and look for ideas online or in magazines. Build a budget: Consider the return on investment and build a realistic budget.
Mortgage Broker vs. Bank: Which Will Save You More? | #CityFirstMortgage
Mortgage brokers can show you a wider range of mortgages from different lenders, while banks only offer their own mortgages.Mortgage brokers represent your interests during the application process, while you deal directly with the lender at a bank.
Credit Score Impact on California’s Mortgage Rates | #CityFirstMortgage
Your credit score significantly impacts your mortgage interest rate. A higher credit score can lead to significant savings over the life of a mortgage, both monthly and overall.
