Broadview Home Loans Camarillo Branch

09/18/2024

Fed to cut rates for the first time in 4-years. My over and under is that they will cut the Fed Funds Rate by .50. What's your guess?

07/10/2024

I just made a happy young couple cry. We just preapproved them for the Fire Recovery Grant program. They can receive up to $350,000 towards a home purchase. That's like a lottery ticket for some families. They can now go out and shop for a 825K house. Without the grant they could not find a house or a townhome for 475K. There are specific guidelines that are part of the program (you must have been living in Agoura Hills, Las Virgenes, or Calabasas in 2020 or 2018. Income qualification is based on family size. If you know of a family that was living in these areas please have them contact me. 805-389-0282 Cheers! Steve NMLS #267895

06/12/2024

May brought cooler than expected consumer inflation, due in large part to easing motor vehicle insurance costs. This follows better than expected readings in April as the annual Headline and Core readings both took important steps lower. How will the Fed see this progress as it ponders monetary policy and rate cuts this year?

04/18/2024

Just saw this in our nextdoor page. Good information on Fire Insurance.

QUOTE:
A Word about fire insurance. After 30+ years with Farmers we were sent the non renewal letter. However our agent suggested that we get a "Wild Fire Prepared Certificate" and then Farmers may consider reinstating our policy. Went to www.wildfireprepared.org and applied for the inspection and certificate ($125 fee). Our home was inspected and found items that need to be addressed. We addressed the items and were give the Certificate. Famers has renewed our insurance with a 17 percent increase over last year. Given the insurance market the increase was modest. If you are having renewal issues, recommend a dialog with your agent about the value of the Wild Fire Prepared Certificate. Our agent believes that all insurance carriers will be moving to this requirement in the near future.
We ended up removing 6 trees (5 of which were 30+ years old) and all bushes and landscaping within 5 feet of the home. Things look a bit bare now but we have insurance at an affordable price. Welcome to "paradise."

Wildfire Prepared Home™ is a voluntary, research-based mitigation and assessment program designed to meaningfully reduce wildfire risk.

01/31/2024

Fed holds rates steady as excepted. The press release @ 11:30AM PST can be fun.

01/27/2024

Pending Home Sales (signed contracts on existing homes) surged 8.3% from November to December, due in large part to falling mortgage rates per the NAR. Chief Economist, Lawrence Yun, stated that sales are expected to “rise significantly in each of the next two years” and he stressed that “increased supply will be essential to satisfying all potential demand.” Interest rates have always impacted Real Estate sales.

01/25/2024

CalHFA announces the next round of Dream for All Shared Appreciation Loan Program Funding. $220 million has been allocated for specific 1st time home buyers and if eligible can received up to $150,000 towards the purchase of a first home. Income limits and other restrictions apply. If you or a family member wants to learn more and/or apply, please call our office (or text) 805-389-0282. Pre-registration applications will start soon with the recipients to be chosen via lottery picks. Funding will begin in the Spring. We have helped over 3,000 first time homebuyers take advantage of the Down Payment Assistance Programs. We are ready to help you. If you are working with a Realtor please have your Realtor contact us. Cheers!

12/13/2023

The Fed will put our their policy statement, interest-rate decision, summary of economic projections, and Jerome Powell's presser after. The announcement will be at 11:30AM PST. The fun starts when Powell does his press release. My prediction is rates will be un changed.

12/07/2023

Why are HELOCS and HELS so popular?

12/07/2023

For my Realtor friends. A rosy forecast for Ventura County by Realtor.com https://www.foxla.com/news/california-cities-home-sales-real-estate-housing-market-spike-2024?utm_campaign=trueanthem&utm_medium=trueanthem&utm_source=facebook

Several Southern California real estate markets are expected to rebound from significant sales declines in 2023, according to the 2024 National Housing Forecast.

12/06/2023

We have many options for accessing home equity. Home Equity Loans and Home Equity Lines of Credit. On your primary residence or your rental property. We even have easy qualifiers for Self-Employed borrowers and our Home Safe program for seniors who can customize their monthly payment. Keep your low interest rate first mortgage and access your home equity with ease!

12/04/2023

Lower your payment with our Interest Only home loan program. We can also underwrite income using Bank Statements instead of tax returns and Rental Income for investment properties.