Is Now Still The Right Time To Buy An Orange County Home?

For the last 12 months the Federal Reserve has been applying a principle to the stock and Real Estate markets called “quantitative easing” and this principle has been positive for the economy as a whole in that it’s caused stocks to soar to new highs but best of all, the Fed’s policy has also produced a very positive effect for the nationwide Real Estate market.

Is Another Housing Bubble Coming?

As home prices have jumped by an average of 8% or more, across the United States, for the last year, Orange County Mortgage Brokers, Realtors and people who are interested in buying an Orange County Home want to know if another housing “bubble’ is around the corner because, current conditions in the Real Estate market are reminding many people of what the housing market looked like in 2007.

What’s Driving The Talk Of Another Housing Bubble?

The main issue driving the fear about another housing bubble, that many OrangeCounty Mortgage brokers and economists across the country have, is that incomes have only grown by just 2% in the last year alone while more and more people are approved for mortgages since mortgage interest rates are still historically low.

If income is only rising at a slow pace, will the average Orange County Home investor or buyer, who is prequalified for a mortgage loan, be able to pay off their mortgage, or will the end up defaulting and causing another wave of defaults across the United States? Only time will tell.

The Big Question – Should You Buy Now?

Regardless of the talk of another housing bubble, the question that potential homebuyers across the United States should have is this: “Should I buy an Orange County Home now?” and the answer to this question is simple: yes.

If a potential homebuyer has a solid debt-to-income ratio and at least 20% saved for a down payment then yes they should buy a home now in Orange County or elsewhere across the United States because.

Even if the homebuyer doesn’t have an excellent credit score, there are still plenty of other mortgage loan options available to them like: HUD, FHA or VA loans if they are in the military, and there’s no reason why someone shouldn’t take advantage of the great market conditions that’s making right now one of the best times to buy a home in the last 40 years.

To get an Orange County Mortgage Loan, contact the team of Orange County Mortgage brokers at Sun Financial Group today by calling us at (949) 699-1950 to get started on the path to home ownership.

Short Sales & Foreclosure – Learn how they affect your taxes

If you are like most people, the purchase of a home is probably one of the biggest financial decisions you will ever make. But sometimes, circumstances beyond your control may require you to sell the home in a short sale or cause you to lose your house to foreclosure. Watch video to learn more about how short sales or foreclosures may affect your taxes.

With Orange County mortgage interest rates still historically low now is the time to refinance your Orange County home, contact Sun Financial Group today at (949) 699-1950 for a free, no hassle mortgage consultation to learn how much money you can save every month off your mortgage payment and ultimately stay away from foreclosure or short sale.

Orange County Banks Brace For Hit As Mortgage Demand Begins To Slow

Orange County Mortgage Brokers have known for a while the recent mortgage boom has been slowing down and many people have been wondering how this is going to affect the bottom lines of banks across the country.

A Shining Light In A Slow Economy?

Even though mortgage industry experts are expecting coming statistics to show that mortgage originations have slowed down in the last quarter, Orange County Mortgage Brokers are still in agreement that mortgage business has been the bright spot that has continued to help the struggling economy.

In order to beat the bad news out of the gate, some lenders like U.S. Bank are already announcing that their mortgage income from the first quarter of this year will be down by 15% or more.

Kevin Kabat, CEO of Bankcorp has said that they didn’t expect mortgages to decline as quickly as they have, and many of the industry’s top analysts like: Ken Usdin are also bracing financial industry watchers and investors to expect profits from lenders originating mortgages to be down by as much as 20% or more.

What’s The Reason For The Decline?

According to analysts in the Mortgage Bankers Association, the decline in mortgage originations in Orange County and across the country is completely normal since homeowners across the country typically refinance their homes in phases or waves of activity that can be tied to the rise and fall in interest rates.

Not Bad News For All Banks?

Even though most banks are telling investors to be ready for bad news, not every bank has been affected, one bank in particular: Sanford C. Bernstein & Co. has said that they only expect their mortgage originations to fall by just 10%

To learn more about the latest mortgage industry news or to get a quote for an Orange County Mortgage Loan, contact Sun Financial Group today by calling us at (949) 699-1950. 

I-5 North (CA), Orange County South & Central, Exit 72 – Exit 103B

This video follows I-5 North thru Southern and Central Orange County. Provides an overview of the construction and current state of the El Toro “Y”, which at a maximum of 26 lanes, is one of the widest stretches of freeway in the world.

Are you an Orange County Resident and are planning on refinancing your mortgage or buying a home for the first time? Contact Sun Financial Group today at (949) 699-1950 for a free, no hassle mortgage consultation, we’re a team of experienced Orange County Mortgage Brokers and look forward to saving you money.

Still Searching For Reasons Why You Should Refinance Your Orange County Home?

Why refinance an Orange County Mortgage?

If you’re still waiting for mortgage interest rates to go lower, the truth is that with the economy improving and more people working than in the last four years, mortgage interest rates are only going to go up, that’s why it’s important to refinance your Orange County mortgage loan this month.

Refinancing Will Save You Money

The first reason why you should refinance your Orange County mortgage is that it will save you money every month; and that money can be spent on other things to make your life easier like: paying down student loan debt, saving for the future, paying off car loans or just saving for a vacation.

Lose The Adjustable Rate Mortgage

One of the worst things to come out of the last 10 years was a wave of adjustable rate mortgages that ultimately trapped Orange County homeowners into paying high mortgage payments; if you still are stuck with an adjustable rate mortgage loan, you can refinance it to a much lower rate and save yourself hundreds of dollars per month off your mortgage payment.

Purchase A Second Home

Another great benefit that comes from refinancing an Orange County Mortgage is that it gives a homeowner flexibility and cash flow to purchase a second home or “income property”.

Anyone who has watched television lately knows that there is a huge opportunity for income properties right now, especially in Orange County and across Southern California.

To get started with buying income properties, you will need cash flow and there’s no better way to tap into ready cash by refinancing your home.

Find Out How Easy Refinancing Is

To learn more about the benefits of refinancing your Orange County home, contact the experienced team of Orange County mortgage brokers at Sun Financial Group today by calling us locally at (949) 699-1950 for a free consultation.

We look forward to saving you money off your mortgage loan every month and helping you to improve your life. 

Yes It's Still Hard To Get A Mortgage Loan

If you ask any Orange County Mortgage Broker or Orange County Realtors what their thoughts are on the current Real Estate Market, they will agree that it’s growing fast but for many hard working Orange County Residents, the Real Estate Market is out of reach to them because, they aren’t able to get an Orange County Mortgage Loan.

Fed Reserve Governor Express Concern

Elizabeth Duke, the Federal Reserve Governor, recently expressed concern over the lack of growth in the mortgage market and how hard it is for people to obtain mortgage loans in Orange County and across the United States.

Duke confirmed that she doesn’t want to see lenders relax on their lending criteria and start giving borrowers mortgage loans similar to those mortgage loans that were common in 2005-2006 but she did echo the sentiment of many Orange County Mortgage brokers that serious changes to the mortgage industry must be made because, most borrowers with credit scores that are in the 680 range are still unable to obtain mortgage loans.

What’s The Solution To The Problem?

As of April 2013, the mortgage industry still has strict restrictions on who can qualify for a mortgage loan because, due to low home prices combined with record job losses, lenders like Freddie Mac and Fannie Mae are concerned about creating another wave of record defaults if borrowers who should never been qualified for mortgage loans end up defaulting.

On the flip side of the problem is that thanks to the Federal Governments efforts to keep interest rates at record lows, lenders like Freddie, Fannie, Wells Fargo and Bank of America haven’t had to work as hard as in recent past because, low mortgage interest rates have created a “surge” in refinancing across the United States so it’s anyone’s guess if and when the credit “criteria” that most lenders have will ever be relaxed so the average borrower with a low credit score can qualify for a mortgage loan.

To refinance your existing Orange County Mortgage Loan or to see if you qualify for a mortgage, contact Sun Financial Group today for a free consultation at (949) 699-1950.

Orange County mortgage activity picks up for another week

Mortgage Activity Is Up For Another Week In Orange County And Across The United States.

Orange County Mortgage Brokers know better than anyone that there is a correlation between lower mortgage interest rates and increased mortgage applications across the United States.

This fact was confirmed this week by the Mortgage Bankers Association; when they released a report that showed mortgage refinancing and new home purchases rose almost eight percent in the week that ended on March 22^nd.

Inside The Mortgage News

The increase in mortgage refinancing in Orange County and across the U.S. is good news for the economy and mortgage industry in general since activity was declining for almost 10 straight weeks but this downward trend stopped last week.

Loan requests by people who want to purchase new homes were also up as well by almost seven percent while refinancing activity amounted to almost 75% of all mortgage related activity in Orange County California and nationwide.

Not Going To Last For Long

In spite of the good news, interest rates for a 30-year mortgage loan remain at 3.79 percent, but, this mortgage interest rate can go up, and is expected to go up in the coming months, as there will be more homebuyers on the market.

First time home buyers and people who are thinking about refinancing their mortgages should consider taking action now or risk missing out on historically low mortgage interest rates.

Do You Qualify For A Mortgage Loan?

If you’re thinking about buying an Orange County home or refinancing your existing Orange County Mortgage to get a better interest rate now is the time to take advantage of the best financial opportunity that hasn’t been seen since the early 1970’s.

For a free mortgage consultation contact Sun Financial Group today by calling us at (949) 699-1950 or clicking here to schedule a mortgage loan consultation at your convenience.

C.A.R. Report Confirms Home Values Are Up

Orange County Mortgage Brokers and California Realtors received good news recently when the CaliforniaAssociation of Realtors (CAR) released a new report which shows that home values have consistently been going up for the last year and as of February, the median home price for an average family home in California was almost $335,000.

On The Right Track

The rise in home values across California has been on fire over the last year and home values have seen increases month after month for the last eight months and once February arrived, home values were increasing in the double digits.

More Homeowners Listing Earlier

One reason why home values have been going up across California is that homeowners in the Golden State have been listing their homes for sale quicker than in previous years to take advantage of the hunger for home inventory on the market today.

The C.A.R. report also shows that sales of single family homes were at almost 420,000 units back in February and this confirms Orange County Mortgage Brokers and Realtors feelings that the Real Estate recovery in here to stay and on the right track.

More Demand For Higher Value Homes

Another great thing to see in the Real Estate market, especially in Orange County is a higher demand for homes that are valued over $500,000; the California Association of Realtors report showed that demand has increased by as much as 31 percent for homes valued over $500,000 and this is good news for Orange County Residents because homes here are often valued at $500,000 or more depending on where the home is located in Orange County.

To learn more about the latest Real Estate news or to refinance your Orange County mortgage, contact the experienced team of Orange County Mortgage brokers at Sun Financial Group today by calling (949) 699-1950.