How Will a Tight Inventory Housing Market Impact You?

  The housing crisis is in the past as the real estate market is on the road to a complete recovery. However, there is one thing that may cause the real estate market to tap on the brakes: a lack of housing inventory. While buyer demand looks like it will remain strong, supply is not keeping up. […]

Good Vs. Bad Debt

There is a big difference between good and bad debt. So what’s the difference? Good debt: is debt used to obtain something that has the potential to increase in value. Like an: investment, mortgage loan or an asset that can improve in price or net worth. Another example of good debt is that it may […]

FHA Loan Limits To Increase In 2018!

The Federal Housing Administration (FHA) has announced that they will be increasing the max loan amounts for 2018!  Loan limits will increase from $379,500 to $405,950 in San Bernardino & Riverside counties This means that home buyers can now purchase a more expensive home with only a 3.5% down payment!  For more information contact us! […]

Do You Want To Go The Extra Mile?

This year we are excited to announce we will be supporting Shepherd’s Pantry in Glendora! Are you looking for a way to get involved or help out this holiday season? From now until Dec.15th we will be accepting donations of: canned foods, unwrapped toys ($10-$15 in value), children’s, women’s, and men’s clothing!  Stop by our office anytime […]

Did you hear?

Fannie Mae has recently made some changes that will benefit home buyers by giving them MORE purchasing power. If you missed it, Fannie Mae increased the max allowable debt-to-income ratio from 45% to 50%! What does this mean for you? Here is a case study: We had a client who previously qualified for a mortgage […]

Credit Tips!

Have you ever wondered how you can increase your credit scores without breaking the bank? See below for the top 7 tips for increasing your credit scores! Pay all of your bills on time or early. Even a 30 day late on a small credit card can have a significant negative impact on your scores. […]

Huge Change – Getting a Mortgage Just Got Easier!

Quick Quiz: What is the #1 reason mortgage loans get denied? Credit Income Down Payment The Answer: mortgage loans get denied because the applicant’s income is not sufficient. Currently Fannie Mae states that applicants are allowed to have 45% of their gross monthly income go towards their minimum monthly debt on their credit report plus housing expenses.  Fannie […]

Waiting has a cost — and it’s a steep one.

Thinking about purchasing a home, but don’t know if it is worth it? Obviously, there are costs involved when investing in a new home. Remember, there is a cost to NOT purchasing also. Check out the chart below, showing an example of the “Cost of Waiting”, assuming property values and interest rates continue to rise. […]

What It Takes To Buy Your First Home

It doesn’t take as much as you might think.  A lot of people are sitting in limbo trying to decide if purchasing a home makes sense for them. Some people may think they are too young and others don’t believe they will qualify based on their income. Take a look at the chart below.  This […]

Rising Rates: Are you ready?

The never ending rate question, are they going up or down? Does it have an impact on you? It is anticipated that the Feds will begin to raise rates at the next FOMC meeting in December (it is handicapped at 75% that they will raise rates).  As your trusted advisor we want to make sure […]