Vero Mortgage Finance

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First Valley Mortgage
We are an experienced team of professionals who have been serving the San Fernando Valley for over 25 years BRE #01073956

If you’re thinking of selling your house, don’t go at it alone. During the home sale process, it’s normal to negotiate w...
04/07/2023

If you’re thinking of selling your house, don’t go at it alone. During the home sale process, it’s normal to negotiate with a number of parties. A real estate advisor is a skilled negotiator who can help coordinate between those groups and individuals. To make sure you have an expert on your side when you sell, DM me today.

Pre-Approval in 2023: What You Need To KnowOne of the first steps in your homebuying journey is getting pre-approved.Bas...
04/06/2023

Pre-Approval in 2023: What You Need To Know

One of the first steps in your homebuying journey is getting pre-approved.

Basically, pre-approval gives you critical information about the homebuying process that’ll help you understand your options and what you may be able to borrow.

How does it work? As part of the pre-approval process, a lender will look at your finances to determine what they’d be willing to loan you. From there, your lender will give you a pre-approval letter to help you understand how much money you can borrow. That can make it easier when you set out to search for homes because you’ll know your overall numbers. And with higher mortgage rates impacting affordability for many buyers today, a solid understanding of your numbers is even more important.

>>Pre-Approval Helps Show You’re a Serious Buyer

Another added benefit is pre-approval can help a seller feel more confident in your offer because it shows you’re serious about buying their house.

This goes to show, even though you may not face the intense bidding wars you saw if you tried to buy during the pandemic, pre-approval is still an important part of making a strong offer.

Getting pre-approved is an important first step towards buying a home. It lets you know what you can borrow and shows sellers you’re serious about purchasing their home. Connect with a local real estate professional and a trusted lender so you have the tools you need to purchase a home in today’s market.

Tips To Reach Your Homebuying Goals in 2023 [INFOGRAPHIC]
04/06/2023

Tips To Reach Your Homebuying Goals in 2023 [INFOGRAPHIC]

Mortgage Rates Are Dropping. What Does That Mean for You?Mortgage rates have been a hot topic in the housing market over...
04/05/2023

Mortgage Rates Are Dropping. What Does That Mean for You?

Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything happening in the economy.

Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), explains it well by saying:

“Mortgage rates dropped even further this week as two main factors affecting today's mortgage market became more favorable. Inflation continued to ease while the Federal Reserve switched to a smaller interest rate hike. As a result, according to Freddie Mac, the 30-year fixed mortgage rate fell to 6.31% from 6.33% the previous week.”

So, what does that mean for your homeownership plans? As mortgage rates fluctuate, they impact your purchasing power by influencing the cost of buying a home. Even a small dip can help boost your purchasing power. That’s why it’s important to work with a trusted real estate professional who follows what the experts are projecting for mortgage rates for the days, months, and year ahead.

Mortgage rates are likely to fluctuate depending on what happens with inflation moving forward, but they have dropped slightly in recent weeks. If a 7% rate was too high for you, it may be time to contact a lender to see if the current rate is more in line with your goal for a monthly housing expense.

Why You Shouldn’t Fear Today’s Foreclosure HeadlinesIf you’ve seen recent headlines about foreclosures surging in the ho...
04/03/2023

Why You Shouldn’t Fear Today’s Foreclosure Headlines

If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There’s no doubt, the stories in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure crisis is not where the market is headed, and understanding what that really means is mission critical if you want to know the truth about what’s happening today.

According to data from ATTOM, foreclosure filings are up 115% from 2021, but down 34% from 2019. While the number of foreclosure filings did more than double last year, we need to remember why that happened and how it compares to more normal, pre-pandemic years in the market. Thanks to the forbearance program and other relief options for homeowners, foreclosure filings were down to record-low levels in 2020 and 2021, so any increase last year is — no surprise — a jump up.

Clearly, these options meant millions of homeowners could stay in their homes, allowing them to get back on their feet during a very challenging period. With home values rising at the same time, many homeowners who may have found themselves facing foreclosure under other circumstances were able to leverage their equity and sell their houses rather than face foreclosure, and that trend continues today.

And remember, foreclosures today are far below the record-high 2.9 million that were reported in 2010 when the housing market crashed.

While the housing market is experiencing an expected rise in foreclosures, it’s nowhere near the crisis levels seen when the housing bubble burst, and that won’t lead to a crash in home prices.

The housing market in Canada is closely monitored by the government and financial institutions to ensure that it remains...
03/25/2023

The housing market in Canada is closely monitored by the government and financial institutions to ensure that it remains stable and sustainable. These bodies include, but are not limited to:

• Canada Mortgage and Housing Corporation (CMHC)
• Office of the Superintendent of Financial Institutions (OSFI)
• Bank of Canada
• Canada Revenue Agency (CRA)
• Statistics Canada
• Provincial and territorial governments.

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F**k getting a mortgage. It’s a trap.I have seen it time and time again, people not being able to start their dream beca...
03/24/2023

F**k getting a mortgage. It’s a trap.

I have seen it time and time again, people not being able to start their dream because “they have a mortgage to pay”.

People have been brain washed into thinking to get richer you must buy a house.

And like all good lies, it is partly true.

But what I have seen play out is that people don’t pursue their real destiny and focus their energy on that.

Instead, they take the savings which should have gone into building their day to day dream and put it into a house.

They get a mortgage and now have a liability on their hands (not an asset) which they must pay out each month to maintain.

They work for the bank.

The promise is 25 years from now it’s paid off and you will be wealthy.

It all seems logical. But I feel people don’t know what they don’t know.

Yes history has proved houses go up.

But history also shows that people keep upgrading their home so they often don’t get to clear their mortgage until they are in their 60s.

Then they die in that house. Or have to sell it to pay for a retirement home.

40 productive years spent getting to retirement doing a non-destiny job (often a job people hate).

For what? It makes my blood boil that this is the main stream dream.

So what can you do instead? What did I do instead?

As soon as I made any money I was also advised to buy a house and live in it.

But I was obsessed with business and I invested in something I could control.

For example I invested in an agency called Fluid. Instead of putting £10,000 down on a house I put that money into a company.

Three pay offs from it:

- I loved my day to day life running fluid so that’s a good investment.

- I learned so much every day building this company. Something a house does not give you.

- I sold it for more than any house would be worth today x 10!

So I already see the comments building up. “So rent instead huh and lose money!?”

In short, yes!

Actually I own a £2m home today and paid cash for it. I know many say this is stupid but they don’t know what they don’t know.

When you are young (before 40 or before having kids), renting makes a lot of sense.

Think twice before you follow ‘safe’ advice!

The saying cash is king has never been more true! The increased demands on businesses have further highlighted the benef...
03/24/2023

The saying cash is king has never been more true! The increased demands on businesses have further highlighted the benefits of managing cash flow wisely.

Asset finance allows you to spread the cost of your equipment over 2-6 years giving you the equipment you need as a manageable monthly payment. Chat with us today to find out how we can help.

With just 3% down required for many conventional loans, buying a home may be more in reach than you thought! Call today ...
03/23/2023

With just 3% down required for many conventional loans, buying a home may be more in reach than you thought! Call today to discuss your budget and options!

Ready to Grow Your Investment Portfolio? Capital Funding Can Help!⁠⁠I offers a variety of lending programs to help you a...
03/23/2023

Ready to Grow Your Investment Portfolio? Capital Funding Can Help!⁠
⁠
I offers a variety of lending programs to help you achieve your goals, spanning from bridge loans, rental, investment and hard money. Let us help you fund your dreams and achieve success!
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