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. [...]
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. [...]
Understanding key aspects of a mortgage is crucial for a smooth homebuying journey. Factors like loan amount, down payment, interest rate, monthly payment, and upfront costs play a significant role. [...]
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. [...]
Welcome to a delightful home located in a vibrant and desirable neighborhood of South Coast Metro area. This charming residence boasts a welcoming curb appeal with a well-maintained exterior and [...]
There's a possibility of a slight decrease in mortgage rates during August, likely hovering around 6.8% to 7%.Mortgage rates may stay stable within a narrow range, with economic data and [...]
Initiate discussions with lenders up to 120 days before renewal to compare rates and secure the best termsExplore options beyond your current lender to ensure you're getting the most competitive [...]
Improving your credit score can make buying a house easier and less costly in the challenging post-COVID-19 market. A high credit score indicates lower risk to lenders, leading to lower [...]
If the job market softens to manage inflation, a rate cut could occur late this year, slightly easing 2024 mortgage rates. Rates could drop below 6.5% by 2025, making homeownership [...]
The Mortgage Bankers Association reported that the percentage of mortgage loans in forbearance rose to 0.27% as of July 31, 2024, with approximately 135,000 homeowners seeking relief, an increase of [...]