Blog
A Unique Equity Loan
Unique Equity Loan – Some good news from Dean Rathbun:
“Let’s talk about a great new bridge loan. We have a unique equity access loan in which a borrower with substantial equity in their current home can access that equity with a new temporary equity access loan. They will then qualify on a new purchase mortgage and we will NOT count the departing residence mortgage payment in their debt-to-income ratio. This is a great way for clients to get pre-approved using the equity access loan ahead to then go into their new purchase, qualifying only for the property tax and insurance on the departing home. The mortgage on the house they are leaving will not be counted against them. This is a game-changer for so many. This is not a bridge loan for people who want to access their current equity and have no mortgage on the new purchase. That would be a standard private money bridge loan..
What Makes a Home a Luxury Home
ve ever glanced at real estate listings and stumbled upon an advertisement for a “luxury home,” you might have thought, “This one must be truly exceptional!” But what truly defines a luxury home? Is it mainly the price, the location, the size, or perhaps a mysterious blend of all these factors?
Palm Springs could Experience Flooding
Palm Springs could experience flooding as Hurricane Hilary enters Southern California - Hurricane Hilary's impact is poised to make its presence known in the Coachella Valley starting this weekend, prompting a city-wide call to action. ...
What to Consider Before Purchasing a Home When You Retire
What to consider before Purchasing a Home when you retire. Gaining insights into the critical aspects of buying a new home during your golden years can help you navigate potential challenges more effectively.
Opportunities in the Desert
portunities in the Desert – Words from Dean Rathbun, United American Mortgage Corporation
Health care and social assistance. All other sectors were quite low.
Buyers – Do You Have Concerns?
Buyers – Do You Have Concerns? Welcome to the enchanting world of the Palm Springs area real estate, where the dream of owning a home meets the stunning allure of Coachella Valley. As a seasoned real estate agent in La Quinta, California, I understand potential buyers’ apprehensions when considering a property investment.
Challenges in California Housing Market
California’s housing market witnessed persistent challenges in June as home sales remained below the 300,000 benchmark for the ninth consecutive month. This trend was primarily influenced by the sustained elevation in interest rates during the preceding months. However, there was a glimmer of improvement, with the year-over-year decline in sales moderating, falling below 20% for the first time in twelve months.
A Few Changes to the Turf Rebate Program
ecent rains, California and Coachella Valley can still see a return of drought in our future. To get ahead of future drought situations, the Palm Springs City Council approved $1.15 million in matching funds for Desert Water Agency’s turf conversion program as part of the new city budget. The aim is to save 27 million gallons of water each year by removing grass and replacing it with desert-friendly plants.
Stay Cool this Weekend!
over around 90 degrees, so it’ll still be pretty hot when we wake up. So rather than binge-watching Netflix in the House, here are a few ideas to get friends together and beat the heat!