Pacific Horizon Bancorp, Inc.

Pacific Horizon Bancorp, Inc. Direct lenders with over 30 years of experience in the mortgage and real estate industry!

You can use funds from a home equity loan or HELOC for just about anything—but it’s typically a good idea to use the mon...
04/24/2024

You can use funds from a home equity loan or HELOC for just about anything—but it’s typically a good idea to use the money to get financially ahead.

Home equity is a value that reflects the difference between the price your home could sell for and the balance you have on any outstanding mortgages. For example, if your home is worth $400,000 and you have a mortgage balance of $300,000, then you have $100,000 in equity.

When people start investing in residential real estate, one of the biggest mistakes is neglecting the importance of soli...
04/23/2024

When people start investing in residential real estate, one of the biggest mistakes is neglecting the importance of solid property management.

Poor property management can take a great investment and turn it below average quickly. Good property management can keep average investments performing, and great management can take average investments and help them grow into fantastic returns by holding down maintenance and vacancy.

Should you do it?
04/22/2024

Should you do it?

Sixteen percent of Gen Z respondents (ages 18-27) and 12% of millennials (ages 28-43) reported taking money out of retirement savings to fund their down payment, compared to 7% of Gen Xers (ages 44-59) and 8% of baby boomers (ages 60-78). But is it a smart financial move?

The average rate on the 15-year fixed mortgage rose to 6.39% from 6.16% last week. One year ago, the rate on the 15-year...
04/21/2024

The average rate on the 15-year fixed mortgage rose to 6.39% from 6.16% last week. One year ago, the rate on the 15-year fixed note averaged 5.76%.

Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage jumped to 7.10% this week from 6.88% last week. The average rate on a 30-year loan was 6.39% a year ago.

Home prices continue to climb nationally, but some markets — particularly in the South — are slowing down.
04/20/2024

Home prices continue to climb nationally, but some markets — particularly in the South — are slowing down.

According to three economists’ independent analyses of home values, the Sun Belt is the region where housing prices are most at risk of falling. And they’re already showing signs of softening.

Here’s how to tap into your equity with a home equity loan, HELOC and other mortgage alternatives, and whether you shoul...
04/19/2024

Here’s how to tap into your equity with a home equity loan, HELOC and other mortgage alternatives, and whether you should in this environment of soaring rates.

Among the ways the pandemic affected our lives is that it pushed interest rates to all-time lows by early 2021, prompting an unprecedented spike in home sales, with Redfin reporting a 44% increase in the median home price over the past four years. Homeowners who refinanced their mortgages at these n...

Pending Home Sales is just another way to view the same problem.
03/11/2024

Pending Home Sales is just another way to view the same problem.

Sometimes you'll see coverage of economic data that conforms to certain template with a predictable details and word counts. Rarely, the word count will reflect the pace of change in the underlying data series. That's what you're dealing with here.

Buoyed by a rise in home prices, U.S. homeowners with mortgages saw their home equity increase by 8.6% year over year in...
03/10/2024

Buoyed by a rise in home prices, U.S. homeowners with mortgages saw their home equity increase by 8.6% year over year in fourth-quarter 2023.

Homeowners saw an average increase of slightly more than $24,000 compared to Q4 2022, adding up to a collective gain of $1.3 trillion, according to CoreLogic’s newest homeowner equity report. Net homeowner equity totaled more than $16.6 billion at the end of 2023.

Here’s what you need to know about your mortgage options.
03/10/2024

Here’s what you need to know about your mortgage options.

If you’re thinking about buying a home, you’re probably curious about how to get a mortgage. You may also be wondering how to evaluate different mortgage types, and how to decide which mortgage is best for your financial needs. Although there are many different kinds of mortgages, there are five...

We've got a tech reporter's guide to the best smart home gear that will help you automate your daily routines.
03/08/2024

We've got a tech reporter's guide to the best smart home gear that will help you automate your daily routines.

These days, it's easy to automate your entire life: You can buy a car that can drive and park itself, a smartwatch that can detect if you've fallen and call for help, and a robot vacuum that can map out where your home needs a sweep. And thanks to smart home setups, you can even automate your lights...

Homebuyers are not only shifting their preferences on size; they’re shifting their overall design preferences as well, p...
03/07/2024

Homebuyers are not only shifting their preferences on size; they’re shifting their overall design preferences as well, placing higher value on personalization and authenticity.

Following a brief uptick in new home sizes in 2021, the average size of a new home continues to inch smaller-dropping from 2,479 square feet in 2022 to 2,411 square feet in 2023, the smallest average size in 13 years-to match homebuyer preferences for less square footage. According to NAHB’s lates...

Our writers and editors have invested thousands of hours analyzing and vetting VA lenders
03/06/2024

Our writers and editors have invested thousands of hours analyzing and vetting VA lenders

Through exhaustive research, we’ve come up with a list of the best mortgage lenders for military members and their families, including Navy Federal, Rocket Mortgage and Veterans United. Read on for our Best VA loan lender reviews and a comprehensive lending guide on how to find and apply for a VA ...

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2727 Foothill Boulevard
La Crescenta-Montrose, CA
91214

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