Mortgage Matt's Blog

What Causes Home Prices to Fluctuate In California

What Causes Home Prices to Fluctuate In California

If you’re wondering why California home prices fluctuate, there are a number of factors to consider. You may hear that there is a buyer’s market and a seller’s market. When home prices are lower, it is a buyers market; when they are higher, it is a seller’s market.

Lowering Costs For First Time Homebuyers

Lowering Costs For First Time Homebuyers

Buying a home is a momentous milestone that may seem out of reach based on your financial situation. However, an FHA loan can help manage the cost. So, how can FHA loans impact the cost of a home?

4 First-Time Home Buyer Grants and Programs

4 First-Time Home Buyer Grants and Programs

Financing your home purchase as a first-time buyer can be intimidating, especially if you've been having trouble saving up for a down payment. However, there are a variety of FHA loan programs and grants available to first-time homebuyers that make purchasing your...

Mortgage Rates Are Falling — Should You Refinance?

Mortgage Rates Are Falling — Should You Refinance?

June has been an exciting month for home buyers and homeowners. The average rate on a 30-year mortgage has dropped from 4.23% on May 21 to 3.94% as of June 17; that comes out to a savings of around $270 per year for those homeowners interested in refinancing their...

Is Refinancing in Redding Right for You?

Is Refinancing in Redding Right for You?

When you do refinancing in Redding, what you're essentially doing is creating a second mortgage on your home to cover your first mortgage. Refinancing is something people do when they are buying out another individual who is on a deed or to get a lower interest rate...

Want To Own A Home By 30? Here’s How Much You Need To Save

Want To Own A Home By 30? Here’s How Much You Need To Save

Born between the mid-1990s and early 2000s, many Americans born into Generation Z have officially hit their early 20s. And if they want to be able to afford a house by the age of 30, they need to start saving now. According to recent data from Realtor.com, Generation...

3 Myths About Mortgage Refinancing, Busted

3 Myths About Mortgage Refinancing, Busted

Refinancing your mortgage is a scary prospect. After all, you most likely already spent thousands of dollars paying off the mortgage loans you have now. But sometimes, conventional mortgage refinancing is the best way to reduce your home loan rate of interest and save money.

Why Should I Refinance My Mortgage?

Why Should I Refinance My Mortgage?

Refinancing your home is an option many people tend to overlook. This might be because they think conventional refinancing won’t help their financial situation, or they simply give up because they’re overwhelmed by the financial mumbo-jumbo associated with refinancing in the first place.

Defining Your Mortgage Loan: A Glossary Of Common Terms

Defining Your Mortgage Loan: A Glossary Of Common Terms

With all of the various rules and stipulations, the mortgage industry can be very confusing for many homeowners, especially first-time homeowners. According to data from Sept. 2016, 59% of homeowners wish that they had a better understanding of their...

3 Types Of Homebuyers Who Can Benefit From FHA Loans

3 Types Of Homebuyers Who Can Benefit From FHA Loans

Financing a home seems like a daunting task for many, but FHA loans make the dream of owning a home feasible for people across the United States. The Federal Housing Administration (FHA) was created in 1934 to increase homeownership in America, and that is exactly what the loans today do.

Cutting Costs: The Dos And Don’ts Of Refinancing Your Home Loan

Cutting Costs: The Dos And Don’ts Of Refinancing Your Home Loan

Homeowners often take the opportunity to refinance their mortgage when they find lowered interest rates or have improved credit scores. According to data from 2016, household income has grown by 28% in the past 13 years, but in that time the cost of living has gone up...

The Relationship Between Mortgage Loans And Credit Scores

The Relationship Between Mortgage Loans And Credit Scores

Mortgage lenders want to be sure that the loans they give out will be paid back in a timely fashion, and one of the surest ways for them to measure that is by checking credit scores. One of the most important things you can do to expedite and simplify the home buying...

3 Questions to Ask Your Mortgage Lender

3 Questions to Ask Your Mortgage Lender

Not surprisingly, 59% of homeowners wish they had a better grasp on the terms and details of their mortgage, according to data collected in September of 2016. While it’s important to ask questions about mortgage loans during the meeting with your lender, it’s more important to ask the right questions.

Simple Ways to Start Investing in Real Estate

Simple Ways to Start Investing in Real Estate

  The world is full of opportunities to make money and dip your toes in various investments. Some people are intimidated by the idea of investing and the underlying risks involved. Others are willing to take the chance in hopes of matching their risk with reward....

The Top 6 Benefits of Owning Your Own Home

The Top 6 Benefits of Owning Your Own Home

The American Dream is inseparable from home ownership. Putting down roots and owning your own piece of America is the ultimate goal of many Americans. But as a first-time home buyer, buying a house can be intimidating. How do you know if you’re making the right choice?

3 Tips for Refinancing as Mortgage Rates Rise

3 Tips for Refinancing as Mortgage Rates Rise

In the current economic climate, many people are weighing the pros and cons of refinancing their homes. Refinancing is a popular way to balance finances and reduce mortgage rates. Of course, refinancing is by no means a simple process, and keeping some straightforward...