Is Forbearance the Right Option For Your Mortgage?

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I hope everyone is well and staying safe. Lately there has been a lot of talk about forbearance and loan forgiveness programs for borrowers. These two programs may be the right solution for those borrowers who have found themselves unable to continue making their regular mortgage payments. If you think you may need this kind of solution, please give me a call so we can discuss the best plan of action.

Like I mention in the video above, if you can continue to make your mortgage payment please do. Forbearance should only be done by those who do not have the means at the moment to pay their mortgage. Times are definitely tough, but we will get through this. Please stay in touch and let me know if there is anything I can help with.

-Mark H. Goldman

Rates Keep Dropping

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We continue to see rates dropping amid the slowing of the economy. Earlier this year the low rates had increased the refinancing business and I think we will continue to see more of this. With peak home buying season coming up, the low rates may help to bring in more buyers and help them to afford homes. To read more about this, click here.

San Diego Home Prices Rise

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I spoke with the San Diego Union-Tribune about the rise in prices compared to last year. Over the last year we have seen a steady increase in home prices. They have reached a new peak at $585K, up 8% from last year. This change may be due to the low interest rates we continue to see. This has helped more buyers purchase homes and it has driven competition. The low interest rates have been driven by many factors, to read about this and more click here.

September Real Estate Market Update

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I wanted to share a quick update with you about what I have observed in the housing market. Below you can find a video where I discuss the trends we have seen.

One of the many observations is of course interest rates. They are still low, but what does it mean for you? If you are contemplating a refinance or purchase, now may be the time to act. Along with low interest rates, there are many loan programs available that may meet your financing needs.

Watch the video below for more information and let me know when I can help put together a plan for you.

What Is Zillow Offers?

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Zillow Offers is a new program that has arrived in San Diego. This new program offers to help homeowners sell their home faster. While this may sound appealing to sellers, the downside is the price point. Zillow Offers may not pay what some sellers would like. Their offer comes in at market value and not typically higher. This may be good for sellers who are simply ready to move on from their current home for various reasons and are not too concerned with getting the highest offer. It’s also an opportunity for sellers who are not interested or cannot afford to make any renovations or changes to their home that would garner a higher offer. So while there are benefits to this program, it is not for everyone.

I spoke with some news outlets about this program. You can check out the articles here and here. Some San Diego realtors also offer their opinion on this program and it’s definitely worth the read.

What Is An Appraisal?

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Down below is a short vide explaining the importance of an appraisal in the home buying process. An appraisal can help to give you a better idea of the value of your investment in a home. For any questions you may have, reach out to me I’m happy to help!

Is Now The Time To Refinance?

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I spoke with Bloomberg about the rise of refinancing we have seen.

Market timing is always an issue in the real estate and financing business. Although many expect rates to continue to decline, we do not know where the bottom will be. But, when people wait to see the bottom, they jump into the market AFTER the moment of greatest opportunity. In this case, lowest interest rates. In addition, they forgo the time that they would have enjoyed a lower interest rate by seizing a good market opportunity NOW.

Rates go up and they go down. We do not know the how much or when they move. Here are two alternative scenarios with more change and less change in interest rates. In an ideal world, we want to hit the bottom, marked with the red arrow. I my  opinion, it is better to seize a rate opportunity as rates decline rather than miss an opportunity as rates are increasing. I have also observed that rates increase faster than they decrease in past cycles.

I think now is a great time to review mortgage debt and evaluate a refinance. Let me know how I can help you.

For the full article, click here.

San Diego Real Estate Market Update

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Hello everyone, I wanted to share a market update video now that we are well into the second half of the year. Some of the topics I discuss are the slowing down of the market and what that can mean for the overall state of the market. I still think it’s a good time for buyers due to the decreasing we have seen in interest rates. Watch the video down below and let me know how I can help you!

Commercial Real Estate Workshop

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If you have been wanting to learn more about commercial real estate and how to analyze transactions, I’d like to invite you to join this upcoming workshop. I will be presenting this class along with Curtis Gabahrt, president of Gabhart Investments who has been very successful in the commercial real estate industry. We will be covering many topics all about commercial real estate. Make sure to get your tickets soon, you can purchase them here.

Now Licensed In Arizona

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Hello everyone, I’m happy to announce that I am now a Licensed Loan Originator in Arizona. Along with working in California I’m looking forward to helping clients and brokers in this new market. Many California residents have invested in property in Arizona because of the rising market and great investment opportunities. Whether you’re looking to invest or to make the big move to our neighbor state, I’m happy to help.