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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

Home Renovation ROI: Which Upgrades Add the Most Value to Your Property

February 9, 2024 by Rilian Ball

Welcome to the world of home renovation, where dreams meet reality and your property's potential is waiting to be unleashed. If you're contemplating a home renovation project, you're likely wondering which upgrades will not only enhance your living space but also add significant value to your property. In this blog post, we'll explore the top home renovations that provide the best return on investment (ROI), helping you make informed decisions and turn your home into a valuable asset. Kitchen … [Read more...]

Filed Under: Home Values Tagged With: Cash Out Refi, Renovation, ROI

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Rilian Ball


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NMLS # 202687

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

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