If you were watching the San Fernando Valley condominium market during the COVID-era boom in 2022, you might remember how red hot the market was. Interest rates were artificially suppressed, buyers were scrambling, inventory was tight, and condos flew off the market in just over two weeks. Fast ... » Learn More about Condo Market Shift: A Tale of Two Junes—2022 vs 2025
housing affordability
Need Better Rates? Start with a Better Credit Score
Credit scores are critical when it comes to qualifying for financing, whether it’s a mortgage, car loan, or even a new credit card. The higher the score, the easier it is to qualify and the better the interest rates you’re likely to get. Even a small difference of just a few points can have a real ... » Learn More about Need Better Rates? Start with a Better Credit Score
Reverse Mortgages Explained: Pros and Cons
I have several clients that are equity rich but cash poor. I receive referrals from Financial Planners to evaluate retirees’ options from the real estate finance side. Reverse Mortgages are viable options. Reverse mortgages have come a long way. What was once considered a “last resort” is now ... » Learn More about Reverse Mortgages Explained: Pros and Cons
Why the Credit Score You See Isn’t the One Used for Your Mortgage (or Car Loan)
When I qualify a potential borrower for a mortgage I always ask "How's your credit looking?" Better to know up front what we're dealing with as credit scoring is a major factor on what kind of loan program and interest rate we'll be working with. They may convey that they see a certain credit score, ... » Learn More about Why the Credit Score You See Isn’t the One Used for Your Mortgage (or Car Loan)
Mortgage Rates, Inflation, and a Whole Lot of Uncertainty
Mortgage rates have been on a wild ride the past few years, and we’re still not back to anything close to “normal.” As of mid May, the 30-year fixed rate is hovering around 6.92%. That’s down from the peaks in late 2023, but still double what we saw back in 2021. So where are things headed? It’s ... » Learn More about Mortgage Rates, Inflation, and a Whole Lot of Uncertainty