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Interest Rates May Have Bottomed Out

The Big Bear real estate market has been picking up steam lately thanks to the correction in home prices and historic low interest rates. And while many potential home buyers have been waiting on the sidelines for an indication that the market has bottomed out, the recent up-tick in interest rates may be signaling that the time to buy a Big Bear home or investment property is NOW. The most recent “Primary Mortgage Market Survey” by Freddie Mac reports that fixed mortgage rates moved higher following stronger … [Read more...]

Types of Home Loans

The dictionary defines mortgage, as “a conveyance of or lien against property (as for securing a loan) that becomes void upon payment or performance according to stipulated terms”. There are many features to consider when securing a home loan. You’ll want to consider the size of the mortgage, method of repayment, interest rate and maturity of the loan. Fixed Rate Mortgage 75% of all mortgages are fixed rate, it’s the mainstay of the home loan industry. They’re popular because they’re predictable. Borrowers … [Read more...]

Cleaning Up Your Credit – Big Bear Real Estate

Having a good credit score is more important than ever. It can mean the difference between qualifying for your Big Bear dream home or missing out on a great opportunity. Savvy buyers have been snatching up well priced Big Bear real estate within days of coming on the market. The key to having a strong negotiating position is to be pre-qualified and ready to move when the right property becomes available. The first step in the process is to get the hard, cold facts. There are several places to obtain your score such … [Read more...]