Month: September 2024

FHA’s New Update to Reverse Mortgage Debenture Interest RatesFHA’s New Update to Reverse Mortgage Debenture Interest Rates

The FHA has finalized updates to reverse mortgage debenture interest rates, effective September 28, 2024, impacting aging homeowners seeking to access home equity. The changes aim to enhance flexibility, stabilize [...]

First Home, Smart Moves | #realestate #mortgage #loanofficer #buyincaliforniaFirst Home, Smart Moves | #realestate #mortgage #loanofficer #buyincalifornia

Assess Financial Health: Understand your budget, credit score, and debts before starting your home search.Get Mortgage Pre-Approval: Secure pre-approval to define your budget and show sellers you're serious. [...]

Massive Insurance Rate Hike for 350K Californian | #realestate #mortgage #loanofficer #buyincaliforniaMassive Insurance Rate Hike for 350K Californian | #realestate #mortgage #loanofficer #buyincalifornia

Over 350K California homeowners will experience a 34.1% insurance rate increase starting November 2024.The rate hike, approved by the California Department of Insurance, responds to rising wildfire and rebuilding costs. [...]

Condo Renovation Do’s and Don’ts | #realestate #mortgage #loanofficer #buyincaliforniaCondo Renovation Do’s and Don’ts | #realestate #mortgage #loanofficer #buyincalifornia

Develop a detailed plan, including budget and design goals, before starting your condo renovation. Allocate a budget that accounts for unexpected costs and allows flexibility throughout the renovation. [...]