Things to Avoid When Applying for a Loan When applying for a home loan, it’s crucial to make informed decisions and avoid certain actions that can adversely affect your mortgage application. Here are some common things to avoid: Remember that mortgage lending standards may vary by lender and region, and individual circumstances can differ. It’s…
Read More
An escrow officer is a crucial professional involved in real estate transactions. Their primary role is to serve as a neutral third party responsible for managing the escrow process. The escrow officer works for an escrow company, title company, or, in some cases, a real estate attorney. Here’s a breakdown of their role and responsibilities:…
Read More
In a hot real estate market, like in California, it can be difficult to buy the home you want when faced with competing offers from other homebuyers. Despite a surge in mortgage rates, the median home price in the state exceeded $800,000 in April, according to the California Association of Realtors. This increase is attributed to market competition. The California housing market also faces an additional obstacle, the “rate lock-in effect,” which reflects homeowners’ unwillingness (or…
Read More
SACRAMENTO — Today, Governor Gavin Newsom and Attorney General Rob Bonta announced that, under the threat of litigation, the City of San Bernardino agreed to update their housing plan to meet their state-mandated goals, which include 8,123 additional housing units by 2029. California law requires every jurisdiction to adopt a multi-year housing plan and the state…
Read More
https://dfpi.ca.gov/wp-content/uploads/sites/337/2019/07/DBO_Mortgage_Shopping_Sheet_English.pdf
Read More
Maturity — When a note, bond or other investment option is due for payment to investors or creditors. Mortgage — An agreement to borrow money from a bank or similar organization to buy a home. Usually the house/property is used as a guarantee for the loan. Money Market Account — Similar to checking accounts at a bank…
Read More