The mortgage forbearance program is a moving target, and changing constantly. This is as of 5/13/20. There are the unintended consequences on taking a mortgage forbearance. If you're in a financially distressed position because of COVID, us it. If you can afford to make the payments, pay it. There ... » Learn More about Unintended Consequences of Mortgage Forbearance – Video
economics
San Fernando Valley Real Estate Sales Take a Hit in April From COVID
We knew the statistics for residential real estate in April were going to be rough. It was the first full month the “Stay at Home” order would have been in place. They were.... 2020 started as very strong real estate market, but hit a wall in the middle of March when the COVID-19 economic ... » Learn More about San Fernando Valley Real Estate Sales Take a Hit in April From COVID
Another “New” Level of Complexity to Show a Property for Sale in California
Like it wasn’t difficult enough showing and selling properties with the Stay at Home order in place. Cal/OSHA just added another layer of complexity. Now a property must have a “through cleaning and disinfection of a property before and after each showing”. That means regardless of meeting the ... » Learn More about Another “New” Level of Complexity to Show a Property for Sale in California
Why the Low Mortgage Rates Today Are Still High, and How the Rates Can Still Go Lower
The attached chart of the rate spread between the 30 year fixed rate mortgage and the 10 year treasury note is a prefect visual and mathematic illustration on how today’s low mortgage rates are still high relative to where they should be historically, given other economic considerations. I’ve ... » Learn More about Why the Low Mortgage Rates Today Are Still High, and How the Rates Can Still Go Lower
Free Credit Reports Every Week Now From All Three Agencies
Generally the population can access a free credit report once per year from each of the three main credit reporting agencies: Equifax, Experian and TransUnion. But now according to the companies, they are making free weekly credit reports available to help people “protect their financial health ... » Learn More about Free Credit Reports Every Week Now From All Three Agencies