2024-04-08 19:27
The affordability crisis in the real estate market has reached a milestone in the first months of 2024, with experts suggesting that the average homebuyer needs an 80 percent higher income… Read More
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Peak Financial Blog
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Peak Financial is here to cover a variety of topics related to the world of real estate finance.
2024-02-28 18:01
Purchasing a second home is a solid option for growing a portfolio and it also means having access to a vacation home or an extra source of income from rent. Just as a buyer might when purc… Read More
2024-02-09 22:26
As the United States leaves 2023 and its rising mortgage interest rates behind, the real estate market continues to experience difficulties as affordability remains a key concern for buyers… Read More
2024-01-02 20:15
Home equity lines of credit (HELOCs) and home equity loans have been around for decades. Even so, they’ve become increasingly popular in 2023, and they’ll likely remain popular… Read More
2023-12-04 23:41
Home prices are at an all-time high, and some experts are predicting they will increase by an added 3.5% by the end of 2024. This is bad news for anyone who wants to buy a home. At the same… Read More
2023-10-30 21:44
Los Angeles has felt the impact of higher mortgage rates harder than many other cities in the nation. From August 2021 to August 2023, just over 65,000 homes were sold, a 37% drop from two… Read More
2023-09-28 19:10
Are you struggling to make your mortgage payments on time? If so, you’re not alone. Over a quarter of Americans have seen their financial situation worsen since buying a home, and abo… Read More
2023-09-08 20:35
In times past, homeowners could refinance their home mortgage loan in order to gain access to cash needed for expenses such as vacations, renovations, college, medical bills, or debt consol… Read More
2023-08-10 21:19
An FHA mortgage loan is insured by the Federal government. If the borrower defaults on the loan, the U.S. Department of Housing and Urban Development (HUD) will pay the lender and take &helli…Read More
2023-07-05 19:12
Taking out a mortgage loan to buy a home can provide a person with more than a place to live. It can be a financial asset to enable an individual to earn extra money. Additionally, it can he… Read More
2023-06-05 17:33
Selling or buying a home at the right time can make a ton of difference in an era with a volatile real estate market, and no other market in the nation keeps industry watchers guessing as mu… Read More
2023-05-15 20:57
With all eyes on the recent collapse of Silicon Valley Bank (SVB) for an incredible $209 billion, some wonder how and when the bank failure may impact the housing market, particularly the Ca… Read More
2023-04-07 20:17
The rock-bottom mortgage interest rates that came about after the 2008 financial crisis and recession gave millions of Americans the opportunity to become homeowners. Rates remained historic… Read More
2023-03-10 23:48
Logic suggests that the 2023 housing forecast is neither terribly bad nor exceptionally rosy. Industry analysts don’t expect a crash, but most don’t expect prices to continue cli… Read More
2023-02-08 00:10
At the close of the summer season, would-be homebuyers in Southern California saw encouraging signs that the robust real estate market was softening with reduced demand and an increase in th… Read More
2023-02-02 07:36
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2022-12-28 21:44
One thought on the minds of future home buyers and sellers throughout Southern California is how home sales will fare in 2023, given the difficult economic factors currently impacting the in… Read More
2022-12-09 17:24
Contrary to popular belief, the Federal Reserve doesn’t set mortgage rates. The central bank’s decisions impact financial products like CD rates and savings accounts much more di… Read More
2022-11-30 19:15
For future homeowners in the United States, the rapid rise of interest rates in 2022 has thrown a wrench into the search for a new home. Not only are interest rates at their highest level si… Read More
2022-10-10 06:39
As of September 2022, the Federal Reserve has increased its benchmark rate four separate times, increasing the federal funds rate to a range of 2.25% to 2.50% from zero percent. The Fed&rsqu&hell…Read More
2022-08-22 22:54
Throughout 2022, the Federal Reserve has moved decisively to tame inflation, with several interest rate hikes totaling 2.25 percent in less than six months. Will the Fed continue to increase… Read More
2022-07-11 16:04
For prospective homeowners, one of the most critical factors in the buying process is the mortgage interest rate. Unfortunately, those interested in buying a home have endured a challenging… Read More
2022-06-03 20:38
Homebuyers throughout the Southland and across the nation enjoyed rock bottom interest rates for many years, which fueled a buying frenzy throughout Los Angeles and caused values to skyrocke… Read More
2022-03-23 16:16
As 2019 came to a close, an already robust real estate market received quite a jolt from the COVID-19 epidemic. And now, more than two years after the pandemic started, the market seems fore… Read More
2021-02-25 23:18
In spite of a challenging economic big picture in 2020, real estate professionals had one of the best years in recent history. First time home buyers kept the housing market alive because of… Read More
2019-10-02 21:15
Your home may be one of the most valuable assets you own in your entire life. However, it’s also one of the most expensive on an ongoing basis. You have to pay your mortgage, insurance… Read More
2019-09-30 17:58
Marketing is critical for every real estate agent. Not simply the marketing of your properties, but also the marketing of your own brand. The reason for this is simple: Most people only purc… Read More
2019-09-06 17:17
If you own a commercial property, you’re always looking for ways to enhance your ROI. One strategy is to look into commercial real estate refinancing. For more real estate mortgage sol… Read More
2019-06-24 21:56
As a real estate agent, you rely on your network to land new clients. Of course, you want people to know you’re a skilled professional. The goal is to build a reputation wherein the ag… Read More
2019-06-21 21:51
According to the Bureau of Labor Statistics, there were approximately 9.6 million self-employed workers in the U.S. in 2016. By 2026, that number will increase to 10.3 million. If you’… Read More
2019-06-20 17:39
Have you ever dealt with a client who just didn’t like any of the homes you suggested, no matter how hard you tried to meet all of his or her requirements? What about someone who kept… Read More
2019-05-16 17:20
Let’s face it: The world of real estate is highly competitive. So how you brand yourself makes a huge difference in how people perceive you and what types of clients you attract. To le… Read More
2019-05-14 21:56
In 2018 in California, construction began on nine percent more new single-family residences than in 2017 — amounting to a total of 62,600 new homes. And in 2019, the demand for newly c… Read More
2019-05-13 17:46
Most of us need a mortgage when we purchase a home. However, it’s important to realize that the mortgage application process involves a rigorous review of your financial situation. If… Read More
2019-03-29 21:33
You’ve found your dream home — but the asking price is quite high and you’re not sure if you can get a mortgage for it. But here’s the good news: If your financial si… Read More
2019-03-28 21:28
You’ve probably heard the term before — a second mortgage. But what is it, how does it work, and when is it a good idea to use one?
What Is a Second Mortgage and How Does It Wor… Read More
2019-03-08 16:29
Security systems you can activate on your smartphone, no matter where you are in the world. Apps that change the lighting in a room according to your mood. Sensors that keep track of how man… Read More
2019-02-20 18:19
Do you have a to-do list that’s as long as your arm? Are you always behind with the things you want to accomplish?
Whether you’ve got a full day of showing houses or you’re… Read More
2019-01-14 18:47
Real estate agents don’t operate in a vacuum. In order to successfully conduct transactions, it’s critical to have an extensive network of qualified professionals who can help yo… Read More
2018-12-10 18:50
Do you want to update your kitchen to a sleek, modern look with all new appliances? Maybe you’re thinking of converting your basement to a comfortable game room where you and your fami… Read More
2018-12-07 18:02
If you put down less than 20 percent of the sale price when you purchased your home, you were required to purchase private mortgage insurance (PMI). According to Investopedia, PMI is be… Read More
2018-08-24 17:29
It’s the word that every home buyer has heard a million times, but very few fully understand. Century 21 Peak offers top quality escrow services in Los Angeles and is here to give you… Read More
2018-08-16 21:17
No matter if you are newlyweds purchasing your first together home, a senior moving into more convenient housing, or a young singleton making your first major purchase, buying a house is a b… Read More
2018-08-07 17:49
Investment properties can be great sources of value if you’re looking to turn a profit. However, it’s important to understand that in real estate, one wrong move could land you i… Read More
2018-07-26 17:31
If you’re like most people, your home is one of the largest investments you’ll ever make in your life. And after all is said and done with the mortgage approval process and purch… Read More
2018-07-20 17:11
During the home buying process, many people are understandably primarily preoccupied getting everything together to qualify for a home loan. However, it’s important to know that by pur… Read More
2018-07-18 16:18
When buying a home, your clients don’t always need to put down 20 percent of the sale price. Some lenders will approve a down payment of 15 percent or lower, while Federal Housing Admi… Read More
2018-07-18 15:35
Remodeling your kitchen, bathroom or basement can greatly enhance your enjoyment of your home — as well as its value. If you’re an avid DIY-er with serious skills and sufficient… Read More
2018-07-17 17:52
Every time clients contact you about buying a property, it’s a new, exciting opportunity both for them and for you. For them, it’s all about finding a new home — and for yo… Read More
2018-07-15 17:35
Your clients have found the perfect home — but they haven’t sold their old one yet. Buying the new home would require them to come up with the down payment and get approved for t… Read More
2018-07-01 22:51
Congratulations — you’ve just bought a new home! Of course, now you want to maximize the enjoyment and safety it offers you while at the same time increasing its value. The good… Read More
2018-06-21 22:28
Imagine the following scenario: You’ve just moved into your new home. When you come home from work one evening, none of the lights or appliances are working. You immediately check the… Read More
2018-06-02 22:05
It’s an exciting time when your baby starts to crawl or your toddler takes his or her first steps. But as every parent knows, it’s also nerve-wracking. Everything suddenly become… Read More
2018-05-31 21:50
In order to purchase a home, a lender will require your clients to provide a down payment. This is a percentage of the home purchase price that the buyer pays to the seller. However, many bu… Read More
2018-05-18 15:45
When your clients are first-time homebuyers, it’s important that they understand how their credit scores will impact a lender’s decision to give them a mortgage. Here’s wha… Read More
2018-05-17 21:49
Are you getting ready to move to a new home? Then chances are that you have mixed feelings about packing up all of your possessions. On one hand, it can be a lot of fun to go through your cl… Read More
2018-05-14 21:47
It will take some serious soul-searching before you decide whether to rent or buy a home. Homeownership is one of the biggest financial investments you will make in your lifetime.
Pricing… Read More
2018-05-09 21:56
When you’re ready to purchase a new home, you may need to go through a bit of paperwork before you are financially approved. You must speak with a lender to be pre-approved for a mort… Read More
2017-10-24 23:51
A short sale is an agreement between a home seller and their lender in the beginning stages of foreclosure. It allows a home or property to be sold for less than the existing outstanding lo… Read More
2017-10-24 23:47
Earlier this year, there was a rebound in pending home sales decrease, marking 2016 as the best year for existing home sales since 2006. The National Association of Realtors (NAR) reported… Read More
2017-10-24 22:27
Homeowners today have many options when it comes to turning their home equity into credit and cash. Options include reverse mortgages, home equity lines of credit, and home equity loans (sec… Read More
2017-07-20 19:23
If you’re part of the gig economy, you’re not alone. According to a recent report from the McKinsey Global Institute, nearly a third of Americans earn at least some of their inco… Read More
2017-05-02 06:23
Are you thinking about signing up for life insurance? If the answer is yes, then good for you! Life insurance is put in place to protect you and your loved ones. What can you expect when y… Read More
2017-04-14 06:17
Investors have long valued commercial real estate, and the reasons are obvious.
Unlike other forms of investment, commercial real estate investing yields steady cash flow in the form of lea… Read More
2017-03-27 06:04
Investing in real estate is a great way to grow wealth if done responsibly and with an understanding of the risks and rewards involved. It is also a better investment for those who wish to… Read More
2017-03-13 06:02
One of the more confusing parts of buying a home is trying to understand why the interest rate you see advertised online is not the rate you actually end up achieving. You have an excellent… Read More
2017-03-09 16:52
Working with an experienced mortgage broker will bring you numerous benefits. Researching lenders is incredibly time consuming and a broker can save you a major headache by doing this for yo… Read More
2017-03-09 06:00
Owning a home is a huge part of the American Dream, and for most Americans, this purchase will likely be one of their biggest investments. Traditionally, homeowners would make monthly paymen… Read More
2017-03-07 05:57
Purchasing a home is the single biggest purchase you will have to make in your life, so it’s crucial you know all the elements necessary to make a decision of this magnitude. With any… Read More
2017-03-03 18:22
Buying a house and your ability to borrow a mortgage loan depends on debt-to-income ratio, work history and stability, and credit score. When any one of these factors is less than stel… Read More
2016-04-27 05:52
If you have ever been turned down for a home loan, take heart in knowing that much can be done to increase your FICO score. Perhaps you already have a mortgage that… Read More
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