fha: Renting vs. Buying a House – How to Make a Decision, Pros & Cons - 02/16/16 05:59 AM
 
Extremely low mortgage rates and rising apartment rents in many cities have led some people to dive into homeownership more quickly than they’d originally planned. However, others are choosing to wait until the housing market recovers, in spite of the incentives to buy. The truth is, there’s no one right answer when it comes to determining whether to rent or buy a house.
There are a number of considerations you must make when making this decision. Renting and buying both present a number of pros and cons, and your own financial situation may be the biggest factor of all.
Pros & Cons of … (1 comments)

fha: Tired of Renting? Save money now! - 02/10/16 04:24 AM

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fha: How to figure out when it makes sense to refinance your mortgage - 02/04/16 04:20 AM
Refinance your mortgage when doing so will save money or give you financial flexibility.

 Here's how to determine whether you will benefit by refinancing your mortgage
2 major types of refinances are:
Rate-and-term refinancing to save money. Typically, you refinance your remaining balance for a lower interest rate and a term you can afford. (The term is the number of years it will take to repay the loan.)
Cash-out refinancing, in which you take out a new mortgage for more than you owed. You take the difference in cash or you use it to pay off existing debt.
Other reasons people refinance: to … (0 comments)

fha: How to buy a home with no down payment - 01/20/16 09:54 AM
Don't have tens of thousands of dollars in savings? That doesn't mean there's no hope of becoming a homeowner.
Home prices are on the rise, making it harder for buyers to cobble together a 20% down payment. With the national average listing price for a four-bedroom, two-bathroom home at $302,632, according to Coldwell Banker Real Estate, home buyers need to come up with $60,526 to put 20% down. But there are options for buyers who don't have that kind of cash sitting in the bank.
 
 
A number of factors are coming together, making next year a good time to buy:
Don't have tens of … (0 comments)

fha: Existing Home Sales Fall 3.4 Percent; Still Up Year-Over-Year - 11/24/15 04:55 AM
 
 
Pending sales, which had declined in both September and October did indeed prove to be a leading indicator for existing home sales in October.  The National Association of Realtors® said on Monday that, while October sales were at a healthy pace, they did decline by 3.4 percent from sales in September.
Existing single-family homes, townhomes, condominiums, and co-op apartments were at a seasonally adjusted annual rate of 5.36 million units in October compared to 5.55 million in September.  Despite the month-over-month dip sales were still higher than a year ago by 3.9 percent.  Analysts were expecting sales to be at a 5.4 … (14 comments)

 
Selvin Herrera (BOSS Residential Mortgage Lending)

Selvin Herrera

Upland, CA

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BOSS Residential Mortgage Lending

Address: 818 N. Mountain Ave. Suite 202, Upland , CA , 91786

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