1: Shopping around dents your credit score. Shopping for mortgage rates won't hurt your credit and can save you thousands. 2: Paying off long-term debt increases credit score. Paying off [...]
Mortgage rates below 3% are unlikely, as they were driven by an economic crisis in 2020. Expect mortgage rates to drop below 6% by early 2025. Could rates fall under [...]
The average rate on a 30-year mortgage has risen to 6.91%. In California, the median home price is $715,000, requiring a 20% down payment of $143,000, resulting in monthly payments [...]
The median home price in California is $749,000. A 20% down payment of $149,800 results in monthly payments of $3,926. [...]
When selling a house quickly, homeowners often make mistakes that can hinder the process or lower the sale price. Key pitfalls include overpricing the property, neglecting curb appeal, ignoring necessary [...]
Check if you meet the typical requirements: 620+ credit score, stable income, and consistent employment history. Look for lenders or mortgage brokers who work with non-QM wholesale lenders; they can [...]
Lenders play a crucial role in making homeownership possible for many Americans by providing mortgages. Getting pre-approved for a mortgage before house hunting is recommended. If denied, lenders can guide [...]
1. Reduces total mortgage amount, lowering monthly payments 2. Avoids Private Mortgage Insurance if down payment is 20% or more 3. Replace current loan with lower interest rate for reduced [...]
Protect Pipes: Insulate exposed pipes to prevent freezing and bursting during cold weather. Seal Air Leaks: Check windows, doors, and outlets for gaps to save on heating costs. [...]
The average rate on a 30-year mortgage has decreased to 6.60%. In California, the median home price is $749,000, requiring a 20% down payment of $149,800, resulting in a monthly [...]