New reporting found that 1 in 3 people who plan on purchasing a home in the next three years think the outdated requirement of needing 20% down to purchase a home is still true.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...
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...
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...
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...
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....
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....
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.