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    Mortgage Rates amongst Santa Clartia Lenders are NOT Always What They Appear

    Santa Clarita mortgages and the lenders that issue them

    We have just posted up a new Market update for real estate in the Santa Clarita Valley Cities.  One of those things we need to talk about is how we are reducing in price.  We also need to relay to you the latest in the Foreclosure Updates as they happen in the Santa Clarita Valley.

    Click on any of the two links above to gain access to our most recent SCV market reports.  Also, with regard to lenders and lending in the Santa Clarita Valley, make sure you are not using anyone that is practicing the are of “predatory lending”. The professional should be well versed in the loan process, approval process and should be up front with you on all fronts.  If they ask you to lie or to bend the truth, don’t do it at any cost.  It will create huge issues in the future if ever found out.

    Mortgage rates are like magic in that they are not always what they appear to be. We have been hearing about low rates for so many months now, hearing the term “historic low” on a consistent basis. Recently rates have started a slow climb from the last “historic low” and while rates are still below 4% many borrowers have the mistaken impression that this is the rate they will get when they go to buy or refinance a home.

    If the current average rate for a 30 year traditional fixed rate mortgage is currently hovering at 3.46% why can’t you get that rate? After all, by definition the word average suggests that some people get a lower rate and others a higher rate. If you have good credit, a job, and perfectly respectable finances why shouldn’t you qualify for the average low rate? You might very well be able to secure this rate, so don’t panic. You should however be aware of what affects your rate before entering the process.

    The factor that most people are aware of that can affect your interest rate is your credit score, but many people do not realize that they are able to fix inaccuracies on the credit score. Take a good hard look at your credit score and work at clearing it up. Other factors include the amount you are looking to borrow, the length of the loan, the type of home you are buying or refinancing, and what the percentage of the loan versus value of the home is.

    Refinancing or applying for a loan to buy a home is best done armed with knowledge. The more prepared you are the more successful you will be!

    We work with the BEST Santa Clarita lenders.  All you have to do to get us to refer you to one is to type in the words “Find me a lender” in to the MacBox on our Santa Clarita REMAX Website.

    Don’t forget to subscribe to the latest in real estate updates by the Paris911 Team at REMAX.  Just enter your email address into the box below and hit the “subscribe” button.  You will be glad you did – promise.  You can also opt out at any time if you feel that we are not delivering the best intel possible.

    Paris and Connor MacIvor

    Connor and Paris MacIvor are in the Top 1% of Realtors Nationwide, starting their real estate business in 1998 with RE/MAX Gateway - Santa Clarita Valley and Valencia CA. Their becoming licensed real estate consultants and representatives came from the horrible experience they had when they bought their first home. There were many things that the agent they had hired did not explain and disclose, which per law he should have. Getting that agent on the phone after they closed escrow and after he had gotten paid was impossible. Paris and Connor called the broker, the board of realtors, the office manager and all they received was the promise of a phone call back. The remedy did come, but not as fast and in the way they wanted. That act - that bad agent was the reason why Paris and Connor became Realtors. That was all they needed to vow to never let the same fate befall anyone else, that befell them. Today Connor and Paris are focused on client service. Protection and top-shelf service with regard to their real estate clientele. They primarily work within the Santa Clarita Valley and Valencia CA. However, for a referral, where 80+ of their business is referrals they have License and Will Travel to other parts of Ventura County, Los Angeles County, and Orange County to handle real estate transactions for those who trust their real estate operation. Writing on their Real Estate Blog is a passion. SCVnest.com/blog is where you will find over 10,000 real estate articles. Go to SCVnest.com/radio to listen to their latest real estate radio broadcast.
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