Holiday shopping is in full swing, but is this a good time of year to shop for a new home? The holiday season doesn’t typically coincide with the prime real estate season, but for just that reason, you may be able to make a holiday home purchase work to your advantage. Here are some reasons […]
Why You Should Shop for a Home This Holiday Season Read More »
More people are being approved for home loans, and a higher percentage of them are closing on those loans, according to a report recently released by Ellie Mae, the mortgage loan automation software company. The report could be proof that efforts by government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, to open up the “credit
It’s Getting Easier and Faster to Close on a Home Loan Read More »
Last week we took a look at the launch of the new consumer protection measure for mortgage borrowers put in place by the Consumer Financial Protection Bureau (CFPB), called TRID. It went into effect October 4, and many in the industry predicted that the new requirements related to TRID would cause an initial slowdown in
Will the White House Veto a Formal Grace Period for TRID? Read More »
The Consumer Financial Protection Bureau (CFPB) rolled out its new mortgage borrower protection rule this week, TRID, or the TILA-RESPA Integrated Disclosure. TRID does exactly what it says it will do; it essentially integrates two forms created separately under the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act of 1974 (RESPA)
Will TRID Simplify the Home Buying Process? Read More »
Millennials, the generation born between 1980 and 2000, are now twenty and thirty-somethings, and they are starting to take over. They are the social media generation, the multi-tasking, hashtagging generation, often stereotyped as having a short attention span and a large sense of entitlement. That’s not all there is to millennials though. They are also
How Millennials Can Afford to Live in Southern California Read More »
When you think of a jumbo loan, or jumbo mortgage, it evokes visions of luxury home buying, second homes, vacation homes, or maybe investors looking to purchase a multi-family unit to develop luxury condos or apartments. These days, though, a lot of first-time homebuyers in California are learning all about jumbo loans, because, in some
More First-Time Buyers Opt for Jumbo Loans in California Read More »
How can you know when, and if, refinancing is right for you? Here are five questions you can ask yourself when trying to decide: What are the current interest rates? If you are a homeowner, and interest rates are down, you have probably at least considered refinancing your mortgage. There is an obvious relationship between
Should You Refinance Your Mortgage, Just Because Rates Are Low? Read More »
As owning a home has become more affordable than renting, many renters are eager to make an investment in the market and in their own future. Though most of these prospective buyers could easily handle the monthly mortgage payment, based on the already high rental rate they are paying, the one thing holding some borrowers
FHA Revises Policies and Opens Doors for First-Time Home Buyers Read More »
Plenty of people are watching Wall Street right now, and speculating about whether this is just a temporary fluctuation, with memories of seven years ago all too fresh in their minds. Of course, back then it was the bursting of the housing bubble that caused the stock market to plummet, not the other way around.
How Will Stock Market Volatility Affect Southern California Real Estate? Read More »
Mortgage rates are reaching historic lows, and as one might expect, borrowers are taking note. Whether it’s existing homeowners making the most of the dip in rates to refinance or upgrade to something bigger, first-time buyers just entering the market, or luxury homebuyers and developers, Californians are taking advantage of these low mortgage rates while
Borrowers Are Taking Advantage of Historically Low Mortgages Rates Read More »
