18 Feb How Do I Buy a Home When Inventory is Record Low?
Buying a home is one of the biggest decisions that most people will make in their lives. The process can be intimidating...
11 Jun The Mortgage Myth Stopping 1 in 3 People from Trying to Buy a Home
New reporting found that 1 in 3 people who plan on purchasing a home in the next three years think the outdated requirement of needing 20% down to purchase a home is still true. This misconception has kept an astonishing 70% of those potential homebuyers...
08 May How is your Credit Rating vs. The Rest of America?
The average credit score of American’s is now 700, this is the highest level since the Great Recession. That means if your score is above 700, you are doing better than 50% of the population. This number has a direct impact on what it will...
16 Jan What is a Bank Statement Loan and is it right for you?
Bank Statement Loans: a product a lot of people aren't familiar with but may be just right for you! Learn more about the benefits...
14 Jan Your go-to loan officer in Rancho Santa Fe, Welcome!
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...
09 Jan Rising Home Prices Bring Higher Loan Limits to California in 2019
In response to rising home prices across the country, federal housing officials increased the conforming loan limits for California and elsewhere in the U.S....
26 Nov Eight Strategies for Lowering Your Closing Costs
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....
29 Nov Avoiding MIPs and PMIs
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...
09 Nov Homebuyers Constantly Overpay on Their First Home
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;...
19 Oct MARKET STAT UPDATE (October 2017)
Updated Real Estate Market Stats for the USA - October 2017 - Credit Score Distribution - Rental Vacancy Rate...