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Folsom Refinance Blog
Home refinancing Folsom, Home Refinancing in Folsom, CA
Home Refinancing Folsom
12/18/2012
Home Refinancing Experts Folsom, CA Over the last 20+ years in Folsom and the Home Refinance industry, We have built our business philosophy on three simple but important traits. Honesty, Integrity and Service! These three traits are the cornerstone of our business and personal life. we believe a mortgage transaction should be about building lifelong relationships and helping our customers achieve the American Dream at the best price and with exceptional service results. I take a consultative approach by listening to our client’s...
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Existing Home Sales Jump; Median Price Continue to Rise
9/19/2012
Existing Home Sales Jump, Median Prices Continue To Rise Sep 19 2012, 11:57AM Existing home sales and home prices both improved in August, with sales rising 7.8 percent on a seasonally adjusted annual basis. According to information released this morning by the National Association of Realtors ® (NAR) August was the sixth consecutive month for a year-over-year median price increase. Median prices were up for both single family and attached units. Total existing home...
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Mortgage Rates Unchanged To Slightly Lower; Hovering Near All-Time Lows
9/18/2012
Mortgage rates moved slightly lower today in most cases, though some lenders rates were marginally higher today. On average, rates are once again in line with the ALL-TIME LOWS seen on July 23rd of this year. As was the case last time we hit all-time lows, the Best-Execution rate for 30yr Fixed Conventional loans is a bit of a moving target depending on the lender. Some continue to be best-priced at 3.5%, while others make most sense at 3.375%. Because every borrower's scenario will...
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Before You Refinance
8/1/2012
Before you refinance, make sure you know the facts What are the, "Pros And Cons Of Refinancing Loans?" Get Informed. Refinancing a loan is simply the process of paying off your current loan with a new loan plan, which has a lower interest rate. How can you negotiate to get the best borrowing rate? First, it starts with a strong credit score. You can achieve this by paying your bills on time, cutting back on borrowing and maintaining a low loan balance by as much as 30% of your limit. Moreover, by using the equity of your home in...
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Teach Yourself The Basics
8/1/2012
Teach yourself the basics "Basics of a Mortgage Loan" A mortgage loan is a financing instrument where a lender requires the borrower to put up a real property (defined as the property and the house that stands on it) as security for the loan. During the loan period, the lender holds the title of the property in lien, until the loan is completely paid. Moreover, in cases, where the borrower defaults on the loan payments, the lender assumes ownership over the property. Pro-actively educate yourself on the terms, conditions, and costs...
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