Although a lower interest rate can help you save money through the life of your home loan, the rate you obtain is based on certain factors. Some of these circumstances are within your control and others are not. One of the greatest elements within your control is creditworthiness and the reduction of risk to the […]
Loans for Low-Moderate Income and Underserved Communities Bring Homeownership Within Reach
Today, for many people, it seems that higher home prices, rising mortgage rates, high inflation, and low inventory have pushed home ownership from within their reach. In fact, since 1980, median home prices have risen by more than double the percentage of the median family income and California was the nation’s least affordable major housing […]
Uncovering the Hidden Advantages of Higher Interest Rates
Toward the end of last year, the Federal Reserve announced that borrowers could expect a series of rate hikes throughout the year in an effort to fight inflation and prevent the economy from expanding at an unsustainable rate. Although interest rates are key considerations for most borrowers, there are actually a number of advantages to […]
In the Realtor-Lender Partnership, What Does Your Lender Do for You?
Have you ever asked yourself, in the Realtor-lender partnership, what does your lender do for you? Undeniably, realtors who have a consistent list of strong prospective buyers and sellers have the greatest chances for success, and lenders and their realtor partners have strong reciprocal opportunities for business referrals. Lenders can be an important source of […]
First-Time Homebuyers Can Increase Their Buying Power and Build Equity Fast
Owning a home provides not only a roof over your head, but is one of the most proven and straightforward paths to building wealth. This wealth is generally built over time as a long-term investment and is measured by the amount of equity you build. In fact, your home will usually be one of the […]