Call Today: 858-337-1520

Blog

08 May 2014
By Mark Feder

The Magic Number: Does Your Credit Score Need To Be Above 800 To Apply For A Mortgage?

Uncategorized
Over the course of a lifetime, financial development can lead to some wonderful opportunities. A person's financial development and state of affairs is something that is particularly important when it comes to taking out a bank loan to further progress in life, and the largest loan most people will require is a mortgage for a home purchase. Since the process of getting approved for a mortgage is heavily dependent on credit history and that three-digit credit score that reflects reliability as a borrower, you should always put forth practices to keep that number healthy and growing. However, how much importance…
Read More
07 May 2014
By Mark Feder

Is It Best To Put Down A Large Down Payment, Or Be Agile With Your Savings?

Uncategorized
Putting down the largest sum of money at your disposal might seem like the best way to go when it comes to your mortgage down payment. There is a certain amount of truth to this, but the reality is bigger is not always better. Ideally, the amount of money you settle on for your mortgage down payment will take into account your monthly budgeting requirements. The Big Advantages Of A Large Down Payment Fewer Mortgage Payments: The larger the down payment, the higher the likelihood that you will be able to afford a shorter mortgage. Unlike some of the other…
Read More
06 May 2014
By Mark Feder

How Will A Short Sale Affect Your Ability To Buy Another House In The Future?

Uncategorized
The last few years have been financially difficult for millions of homeowners, with job losses and decline in home values devastating families all over the US. As a result, a great number of homes have gone through short sales, which has had a detrimental effect on consumers' credit ratings. If you've considered or experienced a short sale, one of the biggest concerns you may have is how it will impact your ability to purchase another property in the future. Here are five key variables on how a short sale can impact your next home purchase. Duration Of Delinquency Plays A…
Read More
05 May 2014
By Mark Feder

What’s Ahead For Mortgage Rates This Week – May 5, 2014

Uncategorized
Last week's economic news included several reports related to housing and mortgages. The NAR started the week on a positive note with its Pending Home Sales Index released Monday. Pending home sales in March were higher with an unexpected increase of 3.40 percent over February for an index reading of 97.40. This is encouraging news for home sales that were severely affected by a hard winter in many areas, and suggests that as warmer weather approaches, home sales will pick up. Analysts do not expect the rapid rate of price appreciation seen in 2013. The Fed's tapering of its "quantitative…
Read More