We all know that a lower credit score is never a good thing, especially when you’re trying to buy a home. Interest rates can be higher, and loan amounts can be smaller, when you have poor credit ratings. But did you know that your credit score can also affect other aspects of your real estate transaction? Many buyers don’t know
Millenials have unique mortgage needs. In case you aren’t one, or don’t know what they are, a “millennial” is the generation born between 1980 and 2000; a generation that has come of age with digital technology and that, unfortunately, inherited a recession in 2008. Most millennials face dimmer job prospects than the generations before them and most have the unique
There are about to be some rather large changes in how credit scores are reported through FICO that could affect your credit rate. In fact, these changes could make your credit score better. Fair Isaac is the name of the company that created the FICO credit scoring system. They have just released a new software to calculate FICO scores called
Homes in the South Bay worth $1 million or more, in particular the Beach Cities, are selling like “hot cakes” says the LA Weekly. Homes in the millions are now selling faster than any other time in the past seven years. In fact, the top six neighborhoods in the Los Angeles area with the highest number of homes valued at
With mortgage rates so consistently low, it isn’t surprising that so many property owners are turning to refinancing. South bay home owners may find that they enjoy their neighborhood, like their property, and don’t want to sell, but see that current mortgage rates are much lower than the one they originally obtained. Refinancing your South Bay home just makes sense
Continuing my video series, I’d like to tell you about 5 things I think every client and real estate partner deserves: confidence, transparency, getting their offer accepted, exceptional rates, and closing on time (every time). real estate in the South Bay is about “who you know” – let me use my connections and knowledge to make a big difference in
Some real estate agents and other real estate professionals are a bit concerned about why so few people are willing to sell their South bay luxury properties right now. There are so many buyers, but not enough homes to accommodate them all. Home price appreciation has slowed down to a comfortable, uphill crawl, so why aren’t homeowners taking advantage of
While it may seem like a no-brainer that low interest rates are always a good thing, for the overall health of the real estate market, they aren’t always. Right now, mortgage rates are at near historic lows. That’s great for new home owners and those looking to buy right now – but in the long run, low interest rates could
Regan Hagestad of Watermark Home Loans discusses five things every client and realtor partner deserves: confidence, transparency, getting the offer accepted, exceptional rates, and closing on time every time. Working with the right loan broker can make all the difference. It’s all about who you know in real estate.
While we’ve all been hearing, for the past year, how high interest rates are going to go in 2014, and how by the end of 2014 they’ll be in the 5% range. Well, reality seems to be a bit different as interest rates are now lower than they were last year. One year ago in June/July 2013, the Federal reserve had
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