October 2024 Economic Update: Navigating the Shifts in the Housing and Financial Markets
The October Economic Update dives into key economic indicators like Federal Reserve interest rates, inflation, and employment data, examinin...
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Kick your feet up while we crunch the numbers. Pre-approval can be done very quickly if you provide a complete and accurate loan application and supporting documentation.
Getting pre-approved for a mortgage can help you stand out from the sea of other home buyers in a competitive housing market. That means a lender has guaranteed to give you a loan before you’ve even made an offer—or even before you’ve seen a home you like! Granted, this may seem like a whole lot of prep work, but here’s why mortgage pre-approval matters, and how it can give you an edge when shopping for a home.
Central Coast Lending has published thousands of articles that provide insight into the mortgage process, the housing market, the economy, and more. This Guide to Qualification informs you about Cost of a Mortgage, Documentation Checklists, Do’s and Don’ts, The Home Appraisal, Loan Funding, plus many more topics that are important to know! Research to your hearts content, but remember that we are just a phone call (805.543.5626) or an email (click here) away and happy to answer any questions.
“Central Coast Lending was able to process complicated documents with ease and kept us informed throughout the process.”
Ryan and April Luis, Arroyo Grande
“When I first contacted Central Coast Lending, I told them what I was interested in doing and then within three or four hours I received an email with six different rates from a specific bank that they used and each of those rate had a breakdown on the closing cost, which included fees going to broker, fees going to bank and fees going to the title company. I have never experienced that before and I thought it was really terrific.”
John Achterkirchen, Morro Bay
Our transaction was complex due to various family entities. It was difficult but successful. Great Job!
Donald & Elisa Cameron, Cambria
The October Economic Update dives into key economic indicators like Federal Reserve interest rates, inflation, and employment data, examinin...
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In September 2024, the Federal Reserve made a surprising move by cutting interest rates by 50 basis points. This analysis dives into the rea...
Explore the benefits and eligibility requirements of USDA loans, designed to provide affordable home financing to rural homebuyers. Learn ab...
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Unlock the potential of your home equity with a reverse mortgage loan. Learn how reverse mortgages work, their benefits, eligibility require...
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FHA Loans, insured by the Federal Housing Administration, provide an affordable pathway to homeownership, especially for first-time buyers a...
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HomePossible Loans, sponsored by Freddie Mac, provide a flexible and affordable mortgage option for low to moderate-income borrowers. This g...
Discover the benefits and requirements of HomeReady Loans, a flexible mortgage option designed for low- to moderate-income borrowers. Learn ...
Explore everything you need to know about conventional loans, including eligibility criteria, types of loans, benefits, and the application ...
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Curious about the timeline for home loan approval? Central Coast Lending breaks down the steps and average duration of the mortgage approval...
Applying for a home loan involves gathering a comprehensive set of documents to verify your financial status. This guide covers the essentia...
Mortgage points can help reduce your interest rate and overall loan cost. This comprehensive guide explains what points are, how they work, ...
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Your home is more than just a place to live; it's an investment that can provide you with financial flexibility and opportunities. By tappin...
Purchasing a home is a significant milestone and a dream for many individuals and families. However, navigating the world of mortgages can b...
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Owning a home is a significant investment, and your mortgage plays a crucial role in determining your long-term financial stability. As time...
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When it comes to securing a mortgage and achieving the dream of homeownership, your credit score plays a crucial role. Lenders use your cred...
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Confused about mortgage insurance? Central Coast Lending explains everything you need to know about PMI, MIP, and other related costs. Under...
The mortgage industry has traditionally been a slow-moving sector, often lagging behind other industries in adopting new technologies and in...
For those who have served in the United States military, the path to homeownership can be paved with unique challenges and opportunities. Wh...
Buying a home is a significant financial milestone, but for many aspiring homeowners, the upfront costs can be a major barrier to entry. Tra...
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The Federal Reserve, commonly referred to as the Fed, plays a significant role in shaping the economic landscape of the United States. Its m...
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As interest rates begin to climb, potential homebuyers are left wondering how this will impact their mortgage prospects. In this comprehensi...
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Explore the latest trends shaping the housing market and gain valuable insights for navigating the dynamic landscape as a prospective homebu...
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Unlock the doors to favorable mortgage terms....
Making an offer on a home can be an exciting but nerve-wracking. Here are some tips to help you negotiate the best price....
Making an offer on a home can be an exciting but nerve-wracking. Here are some tips to help you negotiate the best price....
Making an offer on a home can be an exciting but nerve-wracking. Here are some tips to help you negotiate the best price....
Making an offer on a home can be an exciting but nerve-wracking. Here are some tips to help you negotiate the best price....
When it comes to buying a home, location is one of the most critical factors to consider. The neighborhood you choose can have a significant...