Real Estate Blog LA

My Lender Dean Wong and I sat down for Part II of our Interview on Finance 101: Thomas Ray:How are interest rates figured and how do I compare lender rates? Dean Wong:Rates are determined by the overall economy and supply and demand of money. Best way to compare rates is to speak with lenders you were referred to and can trust.  TR:Will ...

Interest rates remain low for Multifamily permanent loans. Spreads for Fannie Mae financing have for the most part held steady. For Freddie Mac financing, spreads have fluctuated more, but they have done so within a narrow range. Where spreads have widened, they have been countered by lower Treasury rates with the result that interest rates are ...

Money is "Dirt cheap".  5.75% on 30-yr with 0 points.. Per my Lender Dean Wong. Contact Dean Wong Thomas Ray-310-420-1149 www.LAexclusiveProperty.com www.RealEstateBlogLA.com  

I recommend that prospective home buyers get Preapproved as a way of establishing their good faith to home sellers and agents.  Home buyers sometimes get into trouble because they aren't clued into the sequence of steps involved in financing their purchase. These Steps are Qualification, Preapproval, Approval and Lock. Qualification (or ...

First up:The loss of tax deductions. In most cases, people who lack a mortgage pay more federal and state income taxes than those who qualify for a mortgage deduction.  A Mortgage Calculator illustrates this point: Assume that a buyer is currently paying $1,500 per month on a rental. If the buyer purchases a $300,000 property with $30,000 ...

In April of 1973, mortgage rates were about the same as they are today. Since that time, we have only had mortgage rates this low during 2001 and 2002, the height of the seller's markets where there was little inventory. In the last two major buyer's markets, one in the early 1980s and the other in the early 1990s, the rates were much ...