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Mortgage Insights: What You Need to Know About Financing a Fixer-Upper

August 7, 2024 by Rilian Ball

Buying a fixer-upper can be a strategic way to acquire a home below market value while customizing it to fit your needs. However, the financing process for these properties requires a bit of extra insight. As a loan officer, I’m here to guide you through the key mortgage considerations for purchasing a fixer-upper and help you secure the right financing to make your renovation dreams a reality. Explore Specialized Loan Options When it comes to financing a fixer-upper, traditional mortgages … [Read more...]

Filed Under: Home Financing Tips Tagged With: FHA 203(k), Fixer Upper Financing , Home Renovation Loans  

Understanding Your FICO Score: Key to Better Home Loan Rates

August 6, 2024 by Rilian Ball

When you're looking to buy a home, one of the most important numbers you need to know is your FICO score. This three-digit number represents your creditworthiness and plays a crucial role in determining the terms of your home loan. Let's discuss what a FICO score is, how it's calculated, and why it matters for your home-buying journey. What is a FICO Score? A FICO score is a numerical representation of your creditworthiness, ranging from 300 to 850. It is calculated based on your credit report, … [Read more...]

Filed Under: Credit Scoring Tagged With: FICO Score, Homebuying Tips, Mortgage Advice

What’s Ahead For Mortgage Rates This Week – August 5th, 2024

August 5, 2024 by Rilian Ball

The Federal Reserve's decision to maintain the current interest rates has paved the way for a potential rate cut in September. While this news has been met enthusiastically by lending partners, the broader markets have indicated a slightly less warm reception despite both the data and Federal Reserve’s intentions being a match. Until September, we can expect a lull in significant data releases, with more substantial decisions anticipated then. FOMC Rate Decision Powell stated that the … [Read more...]

Filed Under: Financial Reports Tagged With: Financial Report, Jobless Claims, Mortgage Rates

How to Upkeep Your Home with a Year-Round Maintenance Checklist

August 2, 2024 by Rilian Ball

Your home is more than just a building; it’s the setting for your life story. As you plan your monthly calendar, why not include enhancing and maintaining your home? Here, we provide a thorough guide of home maintenance tasks organized into monthly, seasonal, and year-round tips. Monthly Home Maintenance Tips Appliance Check - Regularly inspect and clean appliances such as refrigerator coils, dishwasher filters, and range hood filters. This not only keeps them running smoothly but also … [Read more...]

Filed Under: Home Maintenance Tagged With: DIY, Energy Efficiency, Home Maintenance

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Rilian Ball


Branch Manager

NMLS # 202687

Call: (559) 697-5322
info@firstcg.com

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Rilian Ball
NMLS # 202687

Company NMLS: 35960
www.nmlsconsumeraccess.org

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