The mortgage industry is comprised of companies and individuals that assist people in getting home loans, namely mortgage bankers or direct lenders and mortgage brokers. Although they both provide the financing that prospective home buyers need, they are quite different. The direct lender or mortgage banker is a bank, credit union, or financial institution that […]
5 Ways to Tell If You’re Ready for Home Ownership
Owning a home is not just something to take pride in, it’s the biggest investment you’ll make in your lifetime. So, how do you know if you’re ready for this? While there are several benefits to owning a home, this is a huge financial responsibility. Benefits of Buying a Home Still not sure if you’re […]
What Does 2021 Hold for California Housing?
Here in California, it’s been a strange and bumpy few months in housing. At the beginning of the year, we were churning along with a lot of activity and rising home prices, looking like our housing momentum was continuing. Then came COVID-19 and our state locked down, throwing housing into a bit of a limbo […]
Rates Hit a New Low! Is Now the Best Time to Get a Mortgage?
30-year fixed rates fell to historic lows last week. But will that continue in this crazy marketplace? Last week, Freddie Mac announced their historic rate drop which brought 30-year fixed rates to an all-time low of 2.98%. This is the lowest ever recorded in their history. But we have seen consumer mortgage rates do some […]
Are People Still Buying Homes During COVID-19? The Answer May Surprise You
It’s summer and in a normal year, that means movement. Parents typically wait until summer to buy new homes and move because they don’t want to displace their children during the school year. But like everything in our lives right now, has COVID-19 had an impact on new home purchases? Surprisingly, it appears that home […]
