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How a Change in Mortgage Rate Impacts Your Homebuying Budget
Mortgage rates are on the rise this year, but they’re still incredibly low compared to the historic average. However, anytime there’s a change in the mortgage rate, it affects what you can afford to borrow when you’re buying a home. As Sam Khater, Chief Economist at Freddie Mac, shares: “Since January, mortgage rates have increased half a percentage point from historic lows and […]
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10 Must Not’s When Buying a Home in the Silicon Valley for First Time Home Buyers
Once you find your dream home, we need to make sure you get to move into it. The 10 MUST NOT’S once you’re in escrow on your home. Oh my goodness, over the years we’ve seen so many buyers make these crucial mistakes after they’ve gone into contract on their dream home. Jessica Kuang with […]
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Pre Approval vs Pre Qualification And What’s The Difference Mortgage Lending
Why do you need an Approval rather than just a pre-qualification. Hi my name is Thomas Feng with Momentum Realty. It can end up costing you thousands of dollars if you truly aren’t qualified. We’ve helped save hundreds of buyers from making huge mistakes when purchasing that could cost thousands of dollars. A prequalification is […]
