Hi, I'm Luis Carranza, I'm a loan officer in Rancho Santa Fe, CA and love serving clients in my community and all over San Diego. I've been in the mortgage industry for over 20 years, I truly love what I do and I'm known as...
The bill for closing costs is the final hurdle between home buyers and their new homes, and it can represent a surprising chunk of money. Closing fees run between 3% and 6% of the mortgage; that’s around $18,000 to $36,000 on a $600,000 home....
Mortgage insurance premiums (MIPs) and private mortgage insurance (PMIs) are lessoning buyers’ purchasing power by reducing the amount the buyer can borrow. Homebuyers should be advised that a large enough down-payment can reduce monthly costs by avoiding mortgage insurance coverage. Check out the article below...
First-time homebuyers have a recorded tendency to overpay on their home purchase. A report by the Federal Housing Finance Agency (FHFA) identifies three reasons for overpayment by first-time homebuyers: first-time homebuyers are more eager to purchase than repeat homebuyers; they are less likely to identify mistakes in an appraiser’s report;...
Updated Real Estate Market Stats for the USA - October 2017 - Credit Score Distribution - Rental Vacancy Rate...
Although the market has been resistant to chance, the process of buying and selling a home in the U.S. is inevitably changing due to technology....
The U.S. housing market looks very healthy with high demand, employment and wages up, and low mortgage rates. But the nation's housing market is unhealthy....
Updated Real Estate Market Stats for the USA - September 2017 - Active Listings - Days on Market - Median List Price ...
The challenge of coming up with a 20% mortgage down payment is often difficult. But the fact is, the 20% down payment is all but dead — and has been for quite some time, especially for first-time buyers. Most buyers make down payments lower than 20% “It’s...
California’s housing market’s sales and price have increased in 2016 and 2017. It is forecasted that there will be a slight increase of .8% in existing home sales next year reaching 419,600 units. While the median home price for 2017 has risen to $525,000. ...