If buying or selling a home is part of your dreams for 2023, it’s essential for you to understand today’s housing market, define your goals, and work with industry experts to bring your homeownership vision for the new year into focus. In the last year, high inflation had a big impact on the economy, the housing …
Homeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream. Prior to the 1950s, less than half of the country owned their own home. However, after World War II, many returning veterans used the …
In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. While that news may have you questioning the timing of your home search or refinance, the truth is, timing has never been more important. Even though you may be tempted to put your plans on hold in hopes that …
If you’re thinking of selling your house, it may be because you’ve heard prices are rising, listings are going fast, and sellers are getting multiple offers on their homes. But why are conditions so good for sellers today? And what can you expect when you move? To help answer both of those questions, let’s turn to …
Based on the Primary Mortgage Market Survey fromFreddie Mac, the average 30-year fixed-rate mortgage has increased by over 1% since January of this year, with a substantial rate jump last week. Here’s a visual to show how mortgage rate movement throughout 2021 was steady compared to the rapid increase in mortgage rates this year: Just a few …
When it comes to buying a home, it can feel a bit intimidating to know how much you need to save and where to find that information. But you should know, you’re not expected to have all the answers yourself. There are many trusted professionals who can help you understand your finances and what you’ll need …
If you’re a current homeowner, you should know your net worth just got a big boost. It comes in the form of rising home equity. Equity is the current value of your home minus what you owe on the loan. Today, you’re building that equity far faster than you may expect – and this gain is great …
West Hills Real Estate: How Supply and Demand Can Impact Your Home Selling and Buying Goals In today’s National, regional, and West Hills real estate housing market, there are far more buyers looking for homes than sellers listing their houses. Based on the concept of supply and demand, this means home prices will naturally rise. Why is …
Consumers Agree: It’s a Good Time to Sell a Home in West Hills, CA In today’s sellers’ market, many homeowners are weighing their options and trying to decide if they should sell their house. If you’re in that group who wants to sell a home in West Hills, you may be balancing things like the …
Why Right Now is a Once in a Lifetime Opportunity for Sellers If you’re thinking about selling your house in 2022, you truly have a once-in-a-lifetime opportunity at your fingertips. When selling anything, you always hope for strong demand for the item coupled with a limited supply. That maximizes your leverage when you’re negotiating the sale. Homeowners who are selling …
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Calculator Use Tips:
For loan principal & interest payment only, leave property tax and property insurance fields blank.
To calculate CA property taxes & insurance on home purchases, use 1.25% of the purchase price for annual property taxes; use 0.30% of the loan amount for annual homeowner’s insurance estimate.
PMI (private mortgage insurance) applies to Conventional loans with less than 20% down. Ask me for the correct PMI value for your requested loan program and terms. For most loans, use 0%.
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Top 7 Mistakes Homeowners Make When Selling a Home (And How To Avoid Them.)