Terranova Lending Group

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11/10/2025

NOV 11, 8:45am.

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12/16/2021

With Rents on the Rise – Is Now the Time To Buy?

If you’re a renter concerned about rising prices, now may be the time to consider purchasing a home.

Monthly Rents Are Higher Than Monthly Mortgage Payments

When you weigh your options of whether to buy a home or continue renting, how much you’ll pay each month is likely top of mind. According to the National Association of Realtors (NAR), monthly mortgage payments are rising, but they’re still significantly lower than the typical rental payment. NAR indicates the latest data on homes closed shows the median monthly mortgage payment is $1,204.

Rents Are Rising Sharply, and They Continue To Increase

The difference in monthly housing costs when comparing renting and homebuying today is significant, but many would-be homebuyers wonder about the future of rental prices.

The rise in rent over time clearly shows one of the major advantages homeownership has over renting: stable housing costs. Renters face increasing costs every year. When you purchase your home, your mortgage rate is locked in for 30 years, meaning your monthly payment stays the same over time. That gives you welcome peace of mind and predictability for many years ahead.

Bottom Line

With rents continuing to rise across the country, renters should consider if now is the right time to buy. There are multiple benefits to buying sooner rather than later. Let’s discuss your options so you can make your most powerful decision.

See full details here: https://bit.ly/33v13SZ

12/13/2021

Today's Current California Mortgage and Refinance Rates

As of Monday, December 13, 2021, current rates in California are 3.20% for a 30-year fixed, 2.46% for a 15-year fixed, and 2.50% for a 5/1 adjustable-rate mortgage (ARM).

For more details visit: https://bit.ly/3o5Za7G

12/08/2021

The more you pushed in, the more success you'll have, the more goals you'll achieve, and the more objectives you'll accomplish. Concentrate on your work. Be humble in your actions, and you will see results sooner rather than later.

12/03/2021

4 Financing Options for Rental Property

12/01/2021

We should not stop progressing or working no matter where we are. We must persevere in our fight. When we are confronted with failures, we should never become discouraged or depressed. We should go ahead and not stop until we reach our goal.

11/29/2021

Today's Current California Mortgage and Refinance Rates

As of Monday, November 29, 2021, current rates in California are 3.09% for a 30-year fixed, 2.37% for a 15-year fixed, and 2.44% for a 5/1 adjustable-rate mortgage (ARM).

For more details visit: https://bit.ly/3o5Za7G

11/27/2021

"L.A. Zoo Lights": A Wild Wonderland of Light

Only been to the L.A. Zoo in the daytime? Just wait until you see it at night. That’s when the zoo really sparkles, with giant glowing animals and every-color-of-the-rainbow holiday lights for you to discover, all set around an epic “disco ball forest.” Grab a hot cocoa and your phone – the selfie ops are strong with this one.

For more info visit: https://bit.ly/3oYoQSq

11/25/2021

There's always something to be thankful for. Happy Thanksgiving!