How Does the Prime Rate Impact Loans?
In 2022, the prime rate went up by 4 points, going from 3.5% to 7.5%. This happened because the Federal Reserve wanted to better manage inflation. By July 2023, the prime rate had gone up to 8.5% But what does…
Adapting Your Home: Renovate or Relocate?
As life evolves, so do our household needs. From new family members to an empty nest, change is inevitable. But when change comes knocking, should you renovate your current home or uproot and relocate to a bigger, better house? Let's…
What Should I Do First: Sell My Home or Buy a New Home?
If you are moving due to a new job, relocating cities, needing a larger or smaller home, or any other reason, it can be tricky to time things just right. Should you keep your current home while you move or…
Midsummer Home Maintenance To-Do List
Summer is a season synonymous with clear skies, free time and fun outdoor activities. But you know what is also great about summer? It can be an ideal time to perform a number of vital home maintenance tasks. Rather than…
What Credit Score Do I Need to Get a Mortgage?
Generally, a credit score of 620 or higher will get the best terms for a mortgage. A higher credit score can make the underwriting and approval process faster and easier, as well as get a better interest rate. A higher…
How Long Does It Take to Buy a Sacramento Home?
The exact time that it takes to buy a Sacramento home (from the home search process to turning the key and walking into your new home) can vary. Generally, it’s best to estimate 2-3 months for the home search process…
Your First Steps to Buying a Home in Sacramento
If you’ve been dreaming of owning your own Sacramento home, you may be ready to start looking for something with a dreamy master bedroom, plenty of outdoor entertaining space, and a killer setup for streaming Monday Night Football. But there…
What Is an Assumable Mortgage?
An assumable mortgage can be an attractive and lesser-known alternative mortgage option for homebuyers. They offer a unique opportunity for buyers to take over the existing mortgage terms from the seller, potentially saving them time and money. But how do…
Getting Pre-Qualified for a Housing Offer
If you’re getting ready to start your housing search around Sacramento, there are a few documents (such as a prequalification letter) that can be helpful to have on hand. These can make the offer process much faster and smoother, especially…
How Much Do You Need as a Down Payment on a Sacramento House?
In the market to purchase a Sacramento, CA home? You may be wondering how much you need to save for a down payment. Typically, 20% of the purchase price is needed for a down payment. But there are some mortgage…
