Question of the week: We are thinking of buying a vacation home, what is different than buying our primary home? Answer: It’s more enjoyable? There are a few differences in qualifying for a mortgage for a vacation, or as we in the biz call it a “second”, home and buying your primary residence, but not […]
Question of the week: I read we are approaching another housing bubble, is this true? Answer: It seems a recent fad amongst financial reporters is to dissect the rise in home prices and explain why bubble conditions are in effect similar to 2008, especially in areas like Orange County where the median price is just […]
Question of the week: We are thinking of remodeling our home… Answer: Okay this is a statement and not a question, but the conversation came up from a client last week and it is one that comes up from time to time. You have owned your home for a while and it is too small, […]
Question of the week: What do you think will happen to interest rates this year? Answer: Before looking forward a look back. As you can see from the chart below in 2015 the benchmark 30 year fixed rate started the year at 3.625% and ended the year only 0.25% higher at 3.875%, the same increase […]
