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
mortgage rates
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
Mortgage Rate Update April 17 2025
The financial markets have been chaotic lately. The treasuries and mortgage backed securities have had huge swings within hours of a tweet from the White House. Tariffs and the possibility of inflation can push rates higher… meanwhile Inflation eased in March, with the headline Consumer Price Index ... » Learn More about Mortgage Rate Update April 17 2025
San Fernando Valley / Los Angeles Real Estate: Trends Shaping the Market in March 2025
There are numerous elements interacting right now that are shaping the San Fernando Valley and Los Angeles real estate markets. Some key factors include inventory levels, interest rates, government-imposed tariffs, layoffs, wildfires, insurance, and HOA issues. Let’s break down some of this. For ... » Learn More about San Fernando Valley / Los Angeles Real Estate: Trends Shaping the Market in March 2025