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Why It’s Important to have a Mortgage Pre-approval Letter and How to Get One

February 15, 2024 by Rilian Ball

If you are thinking about buying a new home shortly, you may already be searching online to get a feel for the different types of homes available in the local area. You may have reviewed your budget, and you may have a fair idea about a sales price that is comfortable for you to afford. While you may feel as though you have taken the preliminary steps necessary to prepare yourself to buy a home, it is important that you also get a mortgage pre-approval letter for your financing before you start … [Read more...]

Filed Under: Mortgage Application Tagged With: Mortgage, Mortgage Approval, Mortgage Payments

A Comprehensive Guide to Explaining Escrow Accounts

February 14, 2024 by Rilian Ball

Whether you're a first-time homebuyer or a seasoned homeowner considering a refinance, the term "escrow account" often looms as a source of confusion. Yet, understanding the ins and outs of escrow accounts is crucial for managing your homeownership responsibilities effectively. In this article, we'll address some common questions and concerns regarding escrow accounts to shed light on their importance and functionality. What is an Escrow Account? Escrow accounts, sometimes referred to as … [Read more...]

Filed Under: Homebuyer Tips Tagged With: Escrow, Mortgage, Real Esate

Is Buying a Remodeled Home a Smart Move

February 13, 2024 by Rilian Ball

While watching shows like Property Brothers, Flip or Flop, Fixer to Fabulous, Fix My Flip and Fixer Upper may paint a rosy picture of buying a remodeled home, the reality often differs significantly. While these shows depict smooth transformations and stunning results, real-life experiences with remodeled homes can be far more complex and challenging. Many flipped houses come with hidden issues. Contractors sometimes prioritize speed over quality, resulting in careless workmanship. Despite the … [Read more...]

Filed Under: Homebuyer Tips Tagged With: Mortgage, Remodel, Renovation Loan

What’s Ahead For Mortgage Rates This Week – February 12th, 2024

February 12, 2024 by Rilian Ball

This week is the release of Core CPI and PPI numbers for January. The only data release of note is the trade deficit and the usual unemployment reports for the prior week. The current trade deficit for the U.S. is operating precisely within expectations and correlating GDP numbers. This current week will provide further guidance for the Federal Reserve as the next release of inflation data is released. U.S. Trade Deficit The U.S. trade deficit rose slightly in December, but the annual gap … [Read more...]

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

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Rilian Ball


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NMLS # 202687

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

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  • What’s Ahead For Mortgage Rates This Week – May 12th, 2025
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  • The Impact of Rental Income on Mortgage Qualification
  • The Impact of Homeowners Associations (HOAs) on Mortgage Approval

Rilian Ball
NMLS # 202687

Company NMLS: 35960
www.nmlsconsumeraccess.org

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