selvin herrera: 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)

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


selvin herrera: 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)

selvin herrera: Examples of how to buy a home with your tax refund - 01/28/16 10:10 AM
The end of the year can be a very joyous time for many of us. It is a time when we can spend some quality time with our families, experience the joy of giving to others, and reflect on how thankful we are. The end of the year also allows us to reflect on our previous year and come up with next years goals. Some people may have goals and aspirations to try to lose weight, others may try to find a better job or start a small business, and still others may want to buy their first home or even … (0 comments)

selvin herrera: 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)

selvin herrera: What Does Your Personality Say About Your Homebuying Future? - 01/13/16 04:51 AM
You found what you think is the right house. The bank approved you. The lender secured your loan with just five percent down. You've got your closing costs together and you've lined up your movers. But are you really making the right move?
Turns out, a simple personality test might help you figure it out.
A study titled "Real Estate and Personality" from the Journal of Behavioral and Experimental Economics shined a light on the relationship between personality and buyer decisions, suggesting "that a person's personality traits are predictive of his or her real estate decisions" said Lakeside Real Estate Group. "Researchers gave … (1 comments)

selvin herrera: 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

More about me…

BOSS Residential Mortgage Lending

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

Mobile: 626-625-6305

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