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Please give us a call if you are interested in refinancing and are a Glendora resident. We will be happy to talk with you about mortgage options and how you can take advantage of the Glendora Real Estate Market. Call us at 626-533-3123.
With interest rates as low as they are, now is a great time for people in Glendora to refinance their mortgages. Equity has held better than in most cities and many homeowners can benefit from interest rates lower than 5%. Call Clearview Mortgage at 626-533-3123. We will give you a free quote over the phone!
Glendora,
As the rates come down to historic lows, their are some misconceptions floating around. These low interest rates, which are in the 4% range make sense for many borrowers but not all.
I have recently received a sworm of calls from past clients as well as referrals. Many of these homeowners are currently in the 5.5%-6% range. Their question is simple, how much will I save by refinancing to get to these lower rates?
The answer is varied depending on many factors. These include how long you have been in the current loan, how much the loan amount is for, are you getting cash out and how long you would plan on owning the home. These matter because of closing costs associated with doing a refinance. Even though you plan on lowering the overall interest rate, you must take into consideration the loan amount being higher with closing costs factored in.
For people with mortgages less than $200,000, any interest savings will most likely be a wash with the closing costs. So, the answer is simple, the more you owe on your mortgage, the better chance you have of saving with a lower interest rate. Call Clearview Mortgage and we can help you determine if a refinance is in your best interest.
Call today at 626-533-3123
Glendora, California
In my time working in the Glendora Real Estate Market, I have known many contractors. One in particular is worth mentioning to other residents, family and friends. Concept Builders have done a few high end renovations for people I know. Every single one of these houses have turned out spectacular. This is refreshing considering all the bad contractors, even ones that have a contractor license, that do sub par work out there. Most of them never show up on time or deliver what they promise. Concept Builders has gone above and beyond on every job.
Recently they did a kitchen and bathroom remodel for a good friend of mine in Glendora. I was once again blown away by the timing and quality of their work. They finished on time and it came out amazing. My friends had decided to buy a fixer upper home in Glendora rather than a more expensive new home in the area. After the renovations, you would swear it was a new home. From the granite counter tops to the marble showers, from the tile flooring to the built-in closet system, every aspect was breath taking.
Bathroom Renovation from Concept Builders
So, because Concept Builders have proved themselves over and over again, I felt is fitting to recommend them on this blog to anyone in the area thinking about doing home renovations. All of my Real Estate clients are now referred to them, after all, a good lisensed contractor is hard to find.
Kitchen Renovation from Concept Builders
Glendora, California
The residents in Glendora have some concerns when it comes to our property values. Glendora is in a better position than most due to it’s desirable location and the ability to hold home values. There are many reasons as to why home prices in Glendora will not fall as much as surrounding cities in 2009.
National Home Prices
One reason is simple, Glendora has a reputation of being a terrific city to live in. Now that people are not trying to flip houses, home buyers are taking a closer look at the city where they plan to buy. Sure Glendora might be higher cost but it beats out cities like Azusa, San Dimas and Covina in terms of raising a family and staying awhile. Simple fact is, people would rather pay the higher home price if it means living in a better location. This breaks down to more sales in Glendora and more serious buyers coming in 2009.
Please feel free to call me at 626-533-3123 with any of your Real Estate needs. You can also visit our website.
Glendora, California
As the Real Estate Market gets increasingly tough for buyers and sellers, there are ways to help both accomplish their goals. Lease to Buy Options are becoming more and more of a mortgage rescue for the seller that also accomplishes the dream of home ownership for first time buyers.
Here is how it works. Sellers want to sell and buyers want to buy, right? The problem is that banks are not willing to lend the money for a home loan unless you jump through hoops and prove you have perfect credit and employment history. The problem with that is, not everyone is or has always been perfect, especially with this job market.
So the sellers, to get out from under the payment, find someone (potential buyer) to lease the home for a period of time. The agreement is that the potential buyer will purchase the home at the end of that period, usually 1 or 2 years. The reason for this is that credit will be a little looser then and give the potential buyer time to get their credit and employment in order. At the same time, even though they are leasing, the potential buyer feels a sense of home ownership and can take pride in doing home improvements to better the property. After all, this is the house they are trying to buy.
Part of the lease payment to the seller goes towards a downpayment that will be papertrailed to show the lender when the time comes. Oh yes, and the seller…keeps the tax write off until the transaction is complete and has nothing to lose, they have the mortgage payment covered by the lease.
Leasing Home Until Mortgage Is Available, Usually A 1 or 2 Year Period
Please feel free to contact us anytime at rentmymortgage.com
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