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Current Market Trends in Temecula

Current Market Trends in Temecula

Today, I’m talking about the current real estate market trends that are happening here in our local valley. It’s been a wild ride the last few years. Honestly, I’ve never seen a market quite like this one – and I’ve been licensed…

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How to Maximize Your Investment When Interest Rates Are High

How to Maximize Your Investment When Interest Rates Are High

Even though interest rates have been coming down a little recently, they are still higher compared to what we were seeing in the last few years. With these high rates, is there still opportunity to buy a home? Yes, there are always…

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How Are They Priced? Mortgage Bonds and Mortgage-Backed Securities

How Are They Priced? Mortgage Bonds and Mortgage-Backed Securities

You may feel like mortgage rates are changing on a daily basis. When will they level out to a number you feel comfortable with? Mortgage rate fluctuations are based on mortgage-backed securities and mortgage bonds – intricate financial instruments that hold the…

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How to Get Rid of Mortgage Insurance Payments

How to Get Rid of Mortgage Insurance Payments

When you buy a new house, you may not have enough for a substantial down payment, which means that you will pay private mortgage insurance (PMI) on top of your mortgage payment each month. This monthly fee can add stress to your…

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How Will a Tax Rate Affect Your Payment?

How Will a Tax Rate Affect Your Payment?

Everyone likes to talk about taxes, right? Unfortunately, tax rates are necessary to consider when you are searching for homes. Your monthly mortgage payment can increase significantly depending on the current tax rate. Breaking Down Tax Rates For example, if you have…

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Interest Rates are Rising – Should Buyers Be Worried?

Interest Rates are Rising – Should Buyers Be Worried?

We’ve had rock-bottom interest rates for so long, now home buyers are wondering if they should be worried about the slow increase in mortgage rates. The market is holding strong due to low inventory and high demand – will the interest rates…

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You Can Still Benefit from Home Loan Increases from 2020

You Can Still Benefit from Home Loan Increases from 2020

We’ve heard a lot of commentary about how everyone is glad that 2020 is over! Now that we are in the New Year, there are still a few benefits that we can enjoy from the positive things that happened in 2020. A…

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Should You Be Worried About Rising Interest Rates?

Should You Be Worried About Rising Interest Rates?

We’ve seen home loan interest rates creeping up recently, with most mortgage rates higher than the levels offered a few years ago. As the market stays strong, will the interest rates continue moving up? It’s possible, so you need to consider how…

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Amortization: Why Should I Care?

Amortization: Why Should I Care?

Amortization is the financial means to help you pay down principal on your loan each and every month. Every payment you make goes to pay principal and interest. That’s why I like to look at amortization as a forced savings plan. Honestly,…

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3 Financing Options When Buying a Home

3 Financing Options When Buying a Home

Buyers often ask me: what are the different types of financing available? It is smart to consider mortgage options when you are preparing for homeownership. 3 Types of Loans When it comes to different types of loans, it really has to do…

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Interest Rates Rising: Should You Be Concerned?

Interest Rates Rising: Should You Be Concerned?

The Feds have been vocal about increasing interest rates. The rates are higher now compared to a few years ago, and it’s possible that we will continue to see an increase in interest rates with time. How Interest Rates Affect Your Mortgage…

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How Much Equity Do You Need to Get Rid of Mortgage Insurance?

How Much Equity Do You Need to Get Rid of Mortgage Insurance?

Today I’m sharing tips about a common topic that I hear: mortgage insurance. If you want to avoid this payment, then you need to have a certain amount of equity in a home to eliminate the extra mortgage insurance payment. One of…

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Paying Off Your House with a 15 Year Mortgage

Paying Off Your House with a 15 Year Mortgage

It is common for home buyers to assume that the standard mortgage is 30 years. While 30-years is a common length for a mortgage payoff, it doesn’t mean that you can’t pay off the home sooner. Today, I want to help you…

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Why You Should Be Pre-Qualified Before Looking for a Home

Why You Should Be Pre-Qualified Before Looking for a Home

When I am working with buyers, I often get the same question: should I bother with pre-qualification before we start looking at homes? I usually encourage my clients to go through the pre-qualification process for several reasons: Know the Details Pre-qualification will…

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What is a Fully Amortized Loan?

What is a Fully Amortized Loan?

When you are preparing to buy or refinance a home, it is important that you learn more about the different types of loans that are offered. You might be familiar with the term “fully amortized,” but do you know what it actually…

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Will the Fed Rate Hike Impact Your Mortgage?

Will the Fed Rate Hike Impact Your Mortgage?

Recently, the Federal Reserve announced that they were planning to increase interest rates, which is a big change since this is the first time the rates have increased in years. With the announcement, many homeowners are wondering how the increase will impact…

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How Do Mortgage Rates Change?

How Do Mortgage Rates Change?

For the past few years, mortgage rates have been in the news quite a bit.  We’ve been fortunate to have periods of historic lows recently but every so often you hear threats and predictions of rates going up. But how does that…

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