BuyWise Mortgage

07/26/2023

Wondering what the rest of 2023 has in store for the housing market? With so much speculation and conjecture out there, it's tough to know what's real and what's just hype. In this episode, we're cutting through all the chatter to bring you the real story. I'm diving into the realities of our market and delivering a reliable forecast for the second half of 2023. Don't wait! Watch this video now to equip yourself with the insights you need to navigate the changing tides of the mortgage and real estate markets!

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What will the 2nd half of the housing market look like in 2023? Does it make sense to buy now or should you wait? Will Housing Prices Crash? Will housing bec...

05/24/2023

The real estate market has been in a state of stalemate. Critical factors such as inventory, home prices, interest rates, inflation, and demand are not moving a lot, causing a gridlock between buyers and sellers. For progress to occur, what changes are necessary? In today’s episode, we’ll talk about where we are now in terms of important market indicators and what needs to happen if we expect to see a change in the housing market. To hear more, watch this video.

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04/06/2023

Purchasing a home can be difficult, especially in California. With home prices at all time highs, one of the biggest hurdles can be coming up with a down payment. Fortunately, a new program through CalHFA will provide you with a 20% down payment to buy your first home. There are no payments, no interest and no mortgage insurance. You will pay the funds back and share a portion of your future appreciation. Funds are limited and as of April 6, nearly half of the funding has been reserved.

To see if you qualify, check out our California Dream for All Calculator: https://buywisemortgage.com/ca-dream-for-all/

Learn more: https://buywisemortgage.com/california-dream-for-all-shared-appreciation-loan/

03/20/2023

Are you thinking about buying a home but aren’t sure when you are supposed to start talking to a lender? Many people worry about this, but the short answer is it’s never too early. The earlier you start, the more prepared and educated you will be. Today I’m here to answer some common questions on this topic and show you how getting the ball rolling earlier benefits you and me! To hear more, watch my latest video.

Learn more: https://buywisemortgage.com/the-best-time-to-start-talking-to-a-lender/

03/01/2023

02/17/2023

Today, we’re happy to welcome you to Season 2 of The Educated Homebuyer. In this episode, we’re giving you our housing market forecast and what we feel will likely happen with real estate and home finance in 2023. We discuss inflation, interest rates, inventory, supply, and demand and how different scenarios could lead to three different outcomes for home equity. To hear all this and more, watch our latest video.

Learn more: https://youtu.be/F41ShPOjF0M

01/13/2023

Are you considering buying a home? If so, should you think about locking in your mortgage rate? This is a complicated topic, as the answer will depend on your situation. To help with this, today I’m explaining the fundamentals. I want you to be able to make the best decision possible for you and your family. To find out more about mortgage locks, watch my latest video.

Learn more: https://buywisemortgage.com/first-mortgage-payment-due-2/

12/15/2022

Two very common questions that loan officers hear all the time are, “When is my first payment due?” and “Do I get to skip one or two payments with my new loan?” It’s standard practice to skip one payment on a new loan unless it starts on the first of the month. This is to avoid partial payments. Skipping two payments is possible, but know that you will still need to pay back the interest.

Learn more here: https://buywisemortgage.com/first-mortgage-payment-due/

07/26/2022

So you’ve saved up some money and want to lower your monthly payment. Which option is better for you: refinancing or recasting? Today I’m explaining the difference between refinancing and recasting your mortgage, and which option is better for you. Tons of people refinanced over the last few years, but now that rates are higher, does this option still make sense?

Learn more here: https://buywisemortgage.com/refinance-recast-mortgage/

07/12/2022

Today’s question is about doubling your first mortgage payment. Would this strategy help shorten your mortgage? It does but not by much. However, there is another tactic that can help you shorten your mortgage by as much as four years.

Learn more here: https://buywisemortgage.com/smart-double-first-mortgage-payment/

06/28/2022

A lot of people have been asking me if they should wait to buy until the market cools down. Each situation is different, but fears of a bursting bubble shouldn’t prevent you from purchasing a property. There have been housing bubble headlines for much of the past decade, but we’ve continued to see prices increase. Rising interest rates may make things interesting, but judging your home-buying decisions based on home prices alone isn’t wise.

Learn more here: https://buywisemortgage.com/waiting-buy-make-sense/

03/28/2022

I recently had someone ask if they can get out of their expensive home if the market crashes. Today I’m answering that question because it also helps clear a couple of things up. For example, I’ll share an example of how a market crash could affect your house payments in the future. Many people are worried about a coming crash, but it’s not as frightening of a prospect as you may think.

Learn more here: https://buywisemortgage.com/prepare-market-crash/