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Rumors that The Federal Reserve may raise interest rates have not affected the market…yet.

For all this talk of the impending rise in mortgage interest rates, the first week of August ended on a good note with rates hovering just UNDER 4 percent (3.98 percent as of Friday, August 7th).

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Buying a home with little (or no) down payment comes with other obligations, but is it still worth it?

We just can’t stop talking about what a great time it is for home buyers. Low rates, relaxed lending practices (to a degree) may make it easier for you to qualify for a loan, and of course, property values are increasing, which gives you a great opportunity for a return on your investment.

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Of course, it’s easy to WANT to buy a home, but not always easy to afford the 20% down payment, right? However, lenders will only finance a home up to 80% of its appraised value, so what do you do? There are options to get around facing the seemingly impossible task of saving tens of thousands (or more) of dollars in order to get into the home of your dreams.

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2015 off to a great start for home buyer in many ways.

It appears that the news continues to be positive for the Santa Clarita real estate market as we already near the middle of the first month of 2015. First up, interest rates have dropped…again, hitting a 20 month low by hovering in the low 3.70 percent range.

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New report shows that what potential home buyers don’t know about mortgages unwittingly keep them on the sidelines.

So you’re sitting on the fence, still renting because you think you can’t qualify for a loan. Your credit score isn’t high enough, and you have a few bills to pay every month. Also, who has enough cash on hand to make a 20 percent down payment?

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Loan approval these days is a must BEFORE buyers begin their home search, but don’t jump in until you read this article.

It’s Springtime! Historically, this is when the real estate market begins to jump into action. As Summer nears, many buyers want to have their home choice secure so that it’s easier to move the family in between school sessions. Tax season is also a big motivator for some: Either because they received a sizable refund that will help with home purchase and moving expenses, or because the lack of a refund has motivated you to consider the tax benefits of home ownership.

That being said, it’s important

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Once blamed for helping to ignite the Great Recession, subprime mortgages have made their way back into the mortgage market.

Subprime mortgage: A term synonymous in many minds with the word “destruction.” Back in the early 2000’s, these loans were seemingly given out like Halloween candy to home buyers, qualified or not, as a way of ushering them into property ownership by lenders without regard to the outcome. Ultimately, subprime mortgages were mostly to blame for what had become the collapse of the real estate industry in 2008.

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New mortgage rules help to protect the real estate market, but do they limit buyers in their home purchases?

A lot of changes have taken place in the real estate industry over the past few years. Many of the practices that helped trigger the so-called “Great Recession” more than a half decade ago have been analyzed and done away with; either by law, or by the lenders themselves.

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If you’re looking for a reason to buy a home before the end of the year, here it is!

Mortgage rates took another sizable dip to the low 4 percent range, due in part inadvertently to the recent government shutdown. After months of slow increases beginning late last spring, when interest rates were at a historic low of around three and a half percent, the bond market was actually bolstered by post shutdown activity that seemed to satisfy investors that Quantitative Easing would not be affected any time soon.

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An overview of mortgage loan choices and their pros and cons

In many cases, those who think they want to buy a home hold off because they don’t understand the options available to them when it comes to home loans. Understandably, not everyone can save up for a 20 percent down payment, which is why most lenders will offer choices to home buyers. For those of you thinking it’s time to venture into home ownership, what follows is an overview of the most common home loan types. Note that home loan availability is subject to credit approval, and that within each loan type, there may be several options that your lender can provide for you. We can help answer those questions and provide resources to help you make your final choice. ...

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Despite an increase in Santa Clarita Valley property values, nominal interest rates give home buyers more bang for their buck.

It’s true; housing prices are on the rise in the Santa Clarita Valley. The real estate industry is bouncing back after experiencing serious setbacks during and after the so-called “Great Recession” that reared its ugly head around 2008. The rise in property values in the last 12 months have reached the double digit percentage-wise in most markets, with areas such as Phoenix, Arizona experiencing a rebound of 23%. That being said, where does that leave home buyers who are still looking for a deal?

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