Our hearts remain heavy for those affected by the devastating wildfires throughout our state last month - the results of which have Californians perplexed on whether or not we should be rooting for heavy rains this winter.
Because the home is for most Americans the biggest and best investment they will ever make, home buyers must be familiar with every step of the buying and lending process to navigate a successful home purchase – especially at the closing.
According to the most recent housing figures released last month, San Bernardino County continues to lead Southern California in housing affordability. CoreLogic, Inc., a major California-based corporation that provides financial, property and consumer information, indicated that the median price for a San Bernardino County home is $325,000.
The holiday season, with shorter days and longer nights, pose challenges to some homeowners that are less prevalent throughout the rest of the year. Keeping your home and any guests you might be entertaining this season safe should be near the top of your holiday wish list.
The holiday season is on its way and, for many during this season, home shopping goes on the backburner. However, for homebuyers who are ready to greet the New Year from the front porch of their newly acquired slice of the American Dream, here are some holiday gift suggestions for the friends and family of those dedicated few.
One of the key reasons the Baldy View region is one of the most desirable destinations for homebuyers and homeowners is because it offers three unique and distinct environments: lush valleys, towering mountain ranges and scenic deserts.
Homeownership, whether a single family detached home or multi-family attached home, comes with a great many benefits and a seemingly equivalent amount of responsibilities. As a renter, you are free to leave the responsibility for upkeep, appearance and insurance up to your landlord.
If you are like me, the thought of signing all of your loan documents at the close of escrow was a fairly brain stretching ordeal. The sheer volume of signatures and documents is almost enough to make someone reconsider just how important this piece of the American Dream is for them.
Today, many services and benefits available to homeowners are heavily advertised online and on television and are often used as ‘bait’ to sell other products and services. However, since many of these services are government programs, for Reverse Mortgages, consumers considering them should always start directly at the source: www.HUD.gov and search ‘reverse mortgage’.
While mortgage interest rates have been rising slightly over the past year, today’s rates are still hovering at historic lows. In addition, although several cities in the Inland Empire have crept past their 2007 values, most areas within the region are still appreciating in value towards the prior peak.
Over the past decade, the 30-year mortgage interest rate has hit and hovered at the lowest rates in history, with the lowest monthly average posting at only 3.31 percent. The days of three percent mortgages have probably gone forever but while current rates hover in the mid-four percent range, and even as they climb in the coming years up to six percent, savvy investors will be buying homes.
While much of the nation braces for a major change in the weather as we move from the warmer months to the colder ones, homeowners here in the Baldy View Region (which encompasses the eastern portion of Los Angeles and all of San Bernardino counties) enjoy the luxury of a few extra months in which to landscape and make home improvements.