How High Can Home Prices and Rents Go in Silicon Beach?

The prices on purchase and rentals in the entire area have been skyrocketing. Now the big question everyone is asking is, “What can folks really afford?” Affordability is the most critical component that will put a cap on rising rents and home prices.   One approach to finding the answer would be to use zero-based…

Predicting Future Mortgage Interest Rates – A Fools Errand

    Countless articles have headlined the almost certain increase in home mortgage interest rates that would follow the increase in the Fed Funds Rate. The increase has come from the Fed, but mortgage interest rates have actually fallen. How can that be, and what does it portend for the future. Very generally speaking, a…

Los Angeles Real Estate – Rent Or Buy?

With Los Angeles Mortgage Rates Still at 4%, and Home Prices Still Increasing, Buying Is Still Better 2013 So I took a typical Westside home worth $650,000 in 2013 and we’ve been following this house for two years.  According to Zillow.com the rental value of that home was $3150 a month in 2013.  The estimated…

Major Banks Making Jumbo Mortgages Easier to Get

In Los Angeles County, a jumbo mortgage is any loan above $625,000. While conforming mortgages, or those under $625,000 in LA County are commonly easier to get and at lower interest rates than jumbo loans, that is not the case in the Summer of 2015. In fact, major US banks have just announced that they…

4 Top Reasons To Use Guaranteed Rate To Get Your Home Loan

    Bill Rayman gives you a few of the many compelling reasons to choose him (and Guaranteed Rate) as your mortgage broker. Reason 1: Guaranteed Rate is a correspondent lender. They do everything from start to finish in house. This gives Bill (and you) the greatest degree of control over the process, as well…