Allwin Capital

02/27/2018

FIRE VICTIM ASSISTANCE

NEED TO REBUILD? But the insurance doesn’t cover all of the costs?
We can help you finance the difference - whether a renovation or from the ground up!

RENTERS, Need to move due to natural disaster damage? We can help you BUY or RENOVATE a home (already built) with no money down.
- Special loan programs available for 100% financing for affected RENTERS and HOMEOWNERS in disaster declared areas
- Low FICO score OK (minimum 620 FICO)
- Up to $648,600 (Santa Rosa county)
- Up to $672,750 (Ventura county)
- Competitive rates
- Renovations loans to cover minor or major improvements
- Full Build loans to cover new house (including new foundation)
- Ability to finance the lot, improvements, and construction into one low-rate loan
Please call (or email) and have our loan experts help you rebuild your life.
650-356-3333
[email protected]
Allwin Capital
California BRE 01884597
NMLS ID 349997

https://allwincapital.com/contact-form/

05/30/2017

https://themortgagereports.com/28706/june-2017-mortgage-rates-forecast-fha-va-usda-conventional

Mortgage rates are poised to move in June. The Fed is likely to raise rates and issue its own predictions for future hikes. Analysis and forecast.

05/17/2017

Another great review for Chi Mak - Loan Officer.

“As a Broker Owner of franchise office one must create synergies with top in in their filed. One such loan agent that I like to recommend is Chi Mak from Allwin Capital. Chi's professionalism, integrity, and knowledge speaks for itself when it comes to loan. He is at top of his game, staying ahead of closing files, deadlines, and complications. He addresses concerns head on and does not display any sort of hesitation. Chi does not just close files for the sake of numbers, he creates long lasting relationship. His approach is to provide clients with all options before locking them in for any particular type of loan. Chi has been involved with our office for number of months and on thing in particular that I admire is that he is reachable any time of the day. He keeps clients in the loop during their purchases process. He doesn't stop even when complications arise.” - Parm

Chi Mak (Fluent in Cantonese & Mandarin)
CA BRE 01372415 / NMLS 307411
Cell: (650) 799-9592
Email: [email protected]

05/17/2017

Another great review for Chi Mak - Loan Officer.

“As a Broker Owner of franchise office one must create synergies with top in in their filed. One such loan agent that I like to recommend is Chi Mak from Allwin Capital. Chi's professionalism, integrity, and knowledge speaks for itself when it comes to loan. He is at top of his game, staying ahead of closing files, deadlines, and complications. He addresses concerns head on and does not display any sort of hesitation. Chi does not just close files for the sake of numbers, he creates long lasting relationship. His approach is to provide clients with all options before locking them in for any particular type of loan. Chi has been involved with our office for number of months and on thing in particular that I admire is that he is reachable any time of the day. He keeps clients in the loop during their purchases process. He doesn't stop even when complications arise.” - Parm

Chi Mak (Fluent in Cantonese & Mandarin)
CA BRE 01372415 / NMLS 307411
Cell: (650) 799-9592
Email: [email protected]

05/16/2017

Compared to yesterday, mortgage rates are either a little bit higher or lower depending on the lender at the moment. On average, they've inched just past last Friday's levels, meaning they're the lowest in 2 weeks . As nice as that sounds, it's worth noting...

05/09/2017

Stop paying rent and buy a home

05/09/2017

Stop paying rent and buy a home

05/08/2017

Owning beats renting in new households for the first time in a decade

More new US households chose to buy than rent in the first quarter, marking the first time in a decade that new households have favored buying over renting, according to a Wall Street Journal report.

According to Census Bureau data, 854,000 new-owner households were formed in the first quarter of 2017, handily beating the 365,000 new-renter households formed in the same quarter.

The Q1 numbers mark the first time since the third quarter of 2006 that new-owner households exceeded the number of new-renter households, Trulia Chief Economist Ralph McLaughlin told the Journal.

“The fact that many new owner-occupied households are forming is really our first sign that the homeownership rate is on the rise,” McLaughlin said.

The homeownership rate fell from 63.7% in Q4 2016 to 63.6% in Q1 2017, but was still a significant increase from the 50-year low homeownership rate of 62.9% in Q2 2016.

The rise in new-owner households is also a good sign for consumer confidence in the wider economy, Deutsche Bank economist Joseph LaVorgna told the Journal.

“People are looking at housing as being a bit more attractive as memories of the financial crisis fade,” LaVorgna said.

Another indication of the increase in the demand for homeownership is the boom in existing-home sales. Existing-home sales reached a decade-high peak in March, rising by 4.4% to a seasonally adjusted annual rate of 5.71 million homes, according to the National Association of Realtors (NAR).

NAR also reported a boost in the interest of first-time buyers, who made up 32% of the market in March, up from 30% in the same month last year.

http://www.mpamag.com/news/owning-beats-renting-in-new-households-for-the-first-time-in-a-decade-66728.aspx

In a sign that the housing market may be picking up, new-owner household formations are finally beating new-renter formations

05/04/2017

Is renting really cheaper than owning a home?

The responsibility of owning a home can be intimidating for people who’ve only rented in the past, but new data from Zillow suggests renting can actually cost more.

Zillow’s analysis found out that sans increasing monthly housing costs, a typical renter can buy a home almost 50% more expensive than the median valued home and still get to keep the same amount of monthly housing budget.

The median US home value is $196,500, while the median rent in the country is $1,416 per month – an amount enough to pay for monthly housing expenses needed to own a $289,505 home.

“The decision between buying and renting is a financial trade-off between saving more each month on a mortgage payment versus spending more on rent but taking advantage of the location and lifestyle amenities urban renting often offers,” said Zillow Chief Economist Dr. Svenja Gudell. “Recent slowdowns in rent growth may take some of the edge off for renters saving to become homeowners. This is good news, since saving a down payment, qualifying for a loan and finding a home available at a manageable price remain hurdles for millions of aspiring buyers."

Renters in Cleveland can afford a $174,194 home while retaining monthly housing costs, which is representative of more than 80% of homes on the market now, according to Zillow.

On the other hand, San Francisco is one of the only cities where monthly rental payment does not cost more than owning a median valued home.

Here are 15 cities and their rent-versus-owning ratio from Zillow:

http://www.mpamag.com/news/is-renting-really-cheaper-than-owning-a-home-66727.aspx

Renting may seem like a cheap alternative to owning a home, but recent data suggests otherwise

04/24/2017

Mortgage lenders optimistic for purchase market

Despite the challenges of tight inventory and rising interest rates, mortgage lenders are overwhelmingly optimistic about their business this year.

A survey released Wednesday by independent mortgage bankers’ alliance The Lenders One Cooperative, reveals that 94 per cent of respondents expect an increase in mortgage purchase production. A year ago, the figure was 62 per cent.

“Housing inventory remains limited and interest rates have increased sharply since the election,” said Bryan Binder, chief executive officer of Lenders One. “To be successful in this environment, lenders need to focus on the purchase market and new innovation to replace lost refinancing volume. Lenders must also focus on tools and solutions to help them improve operating efficiencies within their businesses.”

The lenders are expecting more first-time buyers this year as economic improvement boosts sentiment among this group. There is also an expectation of increased business from nontraditional buyers, boomerang buyers and boomers.

Jumbo loans are also flagged for growth with 91 per cent of lenders expecting a significant increase in jumbo mortgage origination volume for their organization in 2017.

One group will shape US housing markets report reveals

US housing markets will be shaped by the homeownership desire of immigrants according to a new report from the Urban Land Institute.

This will be driven by foreign-born buyers seeking to own homes in suburban neighborhoods.

The study by the institute’s Terwilliger Center for Housing looks at the impact of foreign buyers since the Great Recession and found that they have contributed significantly to recovery and stabilization of housing markets.

Other key findings of the report include immigrants’ desire for single-family detached homes, often in suburbs where employment opportunities may be better.

New homes are in demand for foreign buyers but the report highlights that existing homes will also benefit from increased demand, enabling boomers to downsize and therefore boosting the market for smaller homes for older buyers.

"If recent shifts in immigration flows continue, an increase in higher-income immigrants – including rising numbers from China and India – could accelerate the demand for homeownership among the foreign-born population," the report says. "Without sustained immigration, the housing market could weaken and in many markets the impact could be dramatic."

The report says that US immigration policy will be a key factor in demand for homeownership and the growth of communities.

http://www.mpamag.com/news/morning-briefing-mortgage-lenders-optimistic-for-purchase-market-65126.aspx

Mortgage lenders optimistic for purchase market… One group will shape US housing markets report reveals… Most Americans have fair knowledge of credit scores…