Because of the recent situation with COVID-19, many homeowners are struggling with layoffs, social distancing and, consequently, an inability to pay their most basic bills, including their mortgage payments. For those who find themselves in this position, you may be covered under a forbearance program called the Cares Act. What Does the Cares Act Offer? […]
How Will the Federal Reserve Rate Cuts Affect Mortgage Rates in California?
We have seen that the Federal Reserve has made an emergency cut of its benchmark rate to nearly zero this past weekend. The Fed makes its decisions based on many factors, the most current is the economic impact of COVID-19. And although the fund’s rate is tied to mortgage rates indirectly, what we have seen […]
How Does a Mortgage Broker Save You Time and Money?
So, you’re ready to shop for a mortgage. But where do you start? Maybe your real estate salesperson has a recommendation. Maybe you’ve been approached by your bank. But how do you know what is right for YOU? Have You Considered a Mortgage Broker? You may want to consult with a mortgage broker. A mortgage […]
Finding the Best Mortgage for Your Individual Needs
Every borrower is different. That means that some mortgages may be ill-suited or simply not even qualifiable for some applicants while perfect for others. That makes finding the right mortgage confusing for many potential borrowers. Here is what you need to know. Lenders Hate Risk First and foremost, lenders hate risk. That means the better […]
What You Should Know Before Shopping for Your First Home in California
Ready to buy your first home? Before you hire a real estate agent, go through the online real estate sites and schedule open house visits, there are some things you should consider. It’s certainly not as much fun as the shopping but it’s probably more important. Make sure that you are ready to be approved […]
Why Work with a Mortgage Broker?
If you’re looking for mortgage financing, you may be tempted to use the bank where you have your checking account. Or you may be referred to someone by your Realtor. Not to say that those aren’t valuable places to shop for a mortgage, but you should do your homework first. Don’t Waste Your Money Mortgage […]
How to Choose a Mortgage Company in Oakhurst
When shopping for a home in Oakhurst and a loan with which to purchase it, you have many big decisions to make. Among them is your choice of mortgage company. Below are some recommendations to help you understand what considerations are important when selecting a mortgage company in Oakhurst or elsewhere in California. 1. Work […]
