With the Remodeling market size expected to touch a massive $269 billion by 2025, it was time for Freddie Mac to jump into the Renovation loan marketplace. Especially given that the Federal Housing Administration and Fannie Mae have this kind of loan in place for, what, years now. Freddie Mac’s CHOICERenovation mortgage offers borrowers the […]
There is an interesting insight into the homes on the market in the South Bay area. For the Santa Clara County, between the years 2014 and 2018, 90 out of 100 homes on the market in April and first half of May got sold. Compare this to 2019, when for the same period, only 33 […]
Renters have outnumbered homeowners in more than 20 big cities. Between the year 2006 and 2016, the number of renters has shot up by 8.7 million (data based on Pew Research Center). These are not numbers to be sneezed at. With renters becoming hot property, it is only significant that timely rental payments get their […]
Many home buyers find that an FHA home loan is the best way for them to obtain a mortgage. They are able to enjoy the benefits of homeownership without having to put down a large down payment and do not have to have a super high credit score. The FHA has more products and programs […]
Flamboyant, fast, and with a fleeting focus! This was the stereotype associated with Millennials about a decade ago. Not that they cared! A decade has rolled by, and today, the Millennials’ pilot batch is closing on its 40thyear. Naturally, Generation Y has sobered down a lot. This explains why the largest living generation of our […]
Q1: What is a credit score? A1: Credit Score is a 3-digit number created by 3 major Bureaus – Experian, Equifax, and Transunion which represents your creditworthiness. The higher the score, the more likely you will repay your debts. Q2: How do you check your credit score and is it free? A2: The Fair Credit Reporting Act […]
Since the real estate market is always changing, the Federal Housing Finance Agency (FHFA) evaluates the maximum loan limits for conforming loans each year, including jumbo loan amounts. 2019 has seen an increase in the conforming loan limit to $484,350 for a single family home. In areas where the median home prices are well above […]
Home prices have completely stabilized and the shortage in housing supply is fast becoming a thing of past. Great news then for potential homebuyers who have come right into the mix! Only time will tell whether we are nearing the tail-end of the present cycle but from the looks of it, the market is certainly […]
FHA loan options in 2019 offer incredible alternatives for potential home buyers and existing homeowners. Workable terms and flexible payments cater to a variety of loan needs. Traditional fixed and adjustable rate FHA mortgages for homes continue to exist, but special opportunities which include energy efficient incentives, graduated payments, and reverse mortgages are available this […]
“It’s tough to make predictions, especially about the future” – Yogi Berra And when it comes to predicting Stock Markets, Home Prices, and Mortgage Rates, well, it becomes tougher. All three are impacted by such myriad of geopolitical and economic news and the emotions resulting from them that it’s virtually impossible to foresee all of […]
