The median price for a single-family home in California jumped 10% in December, the biggest year-over-year gain in more than four years, as low mortgage rates and a shortage of homes for sale boosted competition for properties. The state’s median…
Conventional wisdom says the Federal Reserve won’t cut rates during an election year, to avoid looking like it’s favoring one candidate over another – unless there’s an economic shock so severe, it’s forced to act. However, we don’t live in…
Home buying is very exciting but typically doesn’t move quickly. The length of time it can take to finalize the purchase, also called closing, varies with the complexity of the deal and circumstances of the purchase. Most homeowners can prepare…
The last 365 days proved that as much as the industry tries to predict the real estate market, nothing beats proactively preparing for any type of lending environment. The best example of this was also one of the biggest mortgage…
Rental real estate is a great way to build passive income, keep your home if you have to temporarily move out of the area, and invest in physical property. But part of being successful in rental real estate is having…
From Fannie Mae on December 4, 2019: A borrower of a mortgage loan secured by a principal residence or second home may use funds received as a personal gift from an acceptable donor. Gift funds may fund all or part…
For many, the term "manufactured housing" doesn't conjure images of spacious and updated homes, but perhaps it should. The manufactured homes of today feature modern quality design and custom home features comparable to site-built homes. They can also be a…
2020 will still be an excellent year to obtain a low-rate mortgage. iFinance Mortgage Inc stands ready to assist qualified borrowers obtain the right home loan financing. Call us TODAY! Heading into 2020, low mortgage rates and the improving economy…
With the calendar now officially flipped to 2020, Fannie Mae, Freddie Mac, and the Federal Housing Administration are now backing larger mortgages than they were just a few days ago. That’s because the 2020 loan limits for each of those…
Foreclosure starts are now at the lowest level of the millennium, according to a new report from Black Knight. Read the full article from HW here.
