Rafael Arrieta

What Are Points and When Should You Pay Them?

Admin — Mon, 02 Aug 2021 00:05:47 +0000

What Are Points and When Should You Pay Them? Origination and discount points are often misunderstood. They are both fees that may be charged at the time of closing. Some lenders even interchange the labeling of these fees. In formal terms, lenders charge origination points, while discount points are monies paid at the time of ...

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What Causes Home Loan Rates to Move Up and Down?

Admin — Mon, 02 Aug 2021 00:04:18 +0000

What Causes Home Loan Rates to Move Up and Down? The Federal Reserve monitors the U.S. economy and, when necessary, takes steps to address inflationary concerns to avoid economic recession. When the Fed discusses interest rates, it is primarily concerning the Fed Funds Rate, which is the rate banks use when lending money to each ...

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Understanding the Home Appraisal Process

Admin — Mon, 02 Aug 2021 00:01:28 +0000

Understanding the Home Appraisal Process A home appraisal is a required part of the loan process, and is conducted by a certified appraiser who evaluates and determines the property's fair market value. The appraiser's report includes a detailed look at the home's general condition and a review of the surrounding area. Since housing markets fluctuate—as ...

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The Right Home Loan for You

Admin — Mon, 02 Aug 2021 00:00:07 +0000

Refinancing Your Home The Right Home Loan for You Finding the right home loan should be easy. There are many options available, and it's important to seek advice from an experienced professional who can find the right home loan fit for your goals and needs. You may wish to consider the following questions that can help you ...

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Locking In Your Interest Rate

Admin — Sun, 01 Aug 2021 23:57:47 +0000

Refinancing Your Home Locking In Your Interest Rate If you are considering a refinance of your existing home loan, chances are it's because conditions are right for you to get a lower interest rate than you currently have. This lower rate presents an opportunity to save thousands of dollars over the life of the new ...

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Dos and Don’ts During the Loan Process

Admin — Sun, 01 Aug 2021 23:55:02 +0000

Refinancing Your Home Dos and Don'ts During the Loan Process During the loan process, you'll want to avoid negatively impacting your loan pre-approval in any way. Lenders look for stability and consistency, and you are responsible for maintaining your financial situation all the way through to loan closing. Here are some simple dos ...

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The Fed Prepares the Markets for Higher Rates

Admin — Tue, 29 Jun 2021 07:48:45 +0000

On Wednesday, June 16, the Federal Reserve pulled forward rate hike projections and are now seeing the likelihood of the next rate hike in March 2023 followed by as many as two more hikes in 2023. This is a big departure from their recent forecast which called for an initial hike in 2024. What Happened? The Fed acknowledged that inflation may run hotter ...

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33 Ways to Sell Your Home Fast

Admin — Tue, 29 Jun 2021 04:25:06 +0000

Rafael Arrieta NMLS #: 1938811 Loan Officer Cell Phone: (916) 549-6973 [email protected] wcmtg.com/ 2716 Broadway Sacramento, CA Information is subject to change without notice. This is not an offer for extension of credit or a commitment to lend. West Coast Mortgage Group is not affiliated with the U.S. government, HUD, FHA, VA, ...

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