Alejandra Valz-Brenta

Always better to own

FHA Loans

What Is Pre-Approval?

A mortgage preapproval is when a lender determines you’re qualified for a home loan. Your preapproval letter shows the maximum loan amount you’re approved for (your home buying budget), as well as the specific interest rate and loan term you can expect.

As part of the pre-approval process, a lender will look at your finances to determine what they’d be willing to loan you. From there, your lender will give you a pre-approval letter to help you understand your true price range and how much money you can borrow. That can make it easier when you set out to search for homes because you’ll know your overall numbers. And with mortgage rates rising and impacting affordability, a solid understanding of your numbers is even more important.

Another added benefit is that pre-approval lets the seller know you’re qualified to buy their house.
Getting pre-approved can actually improve your chances of falling into the sellers’ good graces, and you’ll want to get it done as early as you possibly can in the home-buying process.

Even though bidding wars are easing this year as the market shifts, preapproval is still an important part of making a strong offer. It can help a seller feel more confident because it shows you’re serious about their home and that you’re a qualified buyer.

Getting pre-approved for a mortgage is critical. It helps you better understand what you can borrow and shows sellers you’re serious about purchasing their home. Connect with me so you have the tools you need to succeed as a homebuyer in today’s market.

Corona, Monthly Market Report September, 2022

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WEEK 2: ADJUSTABLE-RATE/VARIABLE RATE LOANS!

Hey guys,

Here is an update about inventory on available homes from September 2022 of the Riverside area. If you want me to show the number for your area please feel free to DM/ text me, and I'll be happy to post it for you! 😘

I'LL BE INTRODUCING ALL DIFFERENT TYPES OF LOANS FOR THE NEXT SIX WEEKS..STAY TUNE!

First time home buyer....here is a few steps to get you started!

Credit Score...The number ONE factor that will directly affect what kind of loan you can get.
Here are some tips on how to improve your credit score!

How to Boost Your Credit Score to Get a Mortgage and Buy a House Are you a first-time home buyer wondering how to improve your credit score? If you need a mortgage, a good FICO score is crucial—and something you control.

Check out this new listing from my brokerage!
Please contact me if you have any questions!

2736 Monserat Circle, Corona, CA 92881 | MLS# IG22209124 Property for $869,000. BEAUTIFUL and highly upgraded 2-story pool home!! Extremely well maintained with outstanding curb appeal and a bright and open floorplan ideal for entertaining! Stunning custom landscaped front and back with drought tolerant plants, rock accents, decorative lighting, and drip....

The 20% Down Payment Myth:

If you believe you have to put 20% down on a home, you may have based your goal on a common misconception. Freddie Mac explains:

“. . . nearly a third of prospective homebuyers think they need a down payment of 20% or more to buy a home. This myth remains one of the largest perceived barriers to achieving homeownership.”

Unless it’s specified by your loan type or lender, it’s typically not required to put 20% down. According to the latest Profile of Home Buyers and Sellers from the National Association of Realtors (NAR), the median down payment hasn’t been over 20% since 2005. There are even loan types, like FHA loans, with down payments as low as 3.5%, as well as options like VA loans and USDA loans with no down payment requirements for qualified applicants.

This is good news for you because it means you could be closer to your homebuying dream than you realize. For more information, turn to a trusted lender. DM/Text me for any questions.

Information Provided by: Keeping Current Matter

Thinking about buying a home?
Check out your next steps!

Anyone thinking about buying a home today should ask themselves two questions:

1. Where Do I Think Home Prices Are Heading?

If you look at what experts are projecting for home prices in 2023, they’re forecasting home price appreciation around 2%. While it’s true some are calling for depreciation, most are calling for appreciation in home values over the next year.

2. Where Do I Think Interest Rates Are Heading?

Mark Fleming, Chief Economist at First American, says:

“While mortgage rates are expected to continue to drift higher over the coming months, much of the rapid increase in rates is likely behind us.”

The instability in the world and higher inflation are driving this volatile market, resulting in higher borrowing rates for those looking to buy homes.

Bottom Line:

If you’re thinking about buying a home, asking yourself about home prices and mortgage rates will help you make a powerful and confident decision. Experts see both prices and rates rising in the future. The alternative is to rent, but rents are also increasing. That may mean buying a home makes more sense than renting. DM/Text Me for any questions you may have.

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For any projects you’ve already completed or for those you plan to do before listing, make sure your real estate professional knows. They’re not just an advisor to help you decide where to focus your efforts, they’re also skilled at highlighting any upgrades in your listing. That way, potential buyers know about the features that may help sell them on the house.

Every home is different, so a conversation with your agent is mission-critical to make sure you make the right moves when selling this season.

Text or DM me for any questions you have!

Check out why You should Hire Me!!! 😉

It's still a sellers market, buyers are purchasing homes that are valued at fair market price. Remember if you are thinking of selling IT IS IMPERATIVE to partner up with a real estate agent you trust that will advice you in how to sell your home!

Please text me or DM me for any questions!

This means, while moderating, home prices are still far above the norm, and we’d have to see a lot more deceleration to even fall in line with more typical rates of home price growth. That’s still not home price depreciation.

The takeaway is home prices haven’t fallen or depreciated nationwide, they’re just decelerating. While some unique and overheated markets may see declines, nationally, home prices are forecast to appreciate. And when we look at the country as a whole, none of the experts project home prices will net depreciate or fall. They’re all projecting ongoing appreciation.

-Appreciation is when home prices increase.
-Depreciation is when home prices decrease.
-Deceleration is when home prices continue to appreciate, but at a slower or more moderate pace.

Come see at Laguna Hills this Saturday 8/27 from 11am-2pm.
25121 Ericson Way, Laguna Hills.
Amazing Property: 5 bed, 3 bath, 2557sqft, lot 8404 sqft
PLUS:Bonus Room, Office Lot, Hard Roof Cabana, Built in BBQ, Pool & SPA
Hope to see you there!
DM/Text Me for any questions!

July Market Report for some of your Favorite IE areas.

Your Market Update for the Corona Area from July, 2022

Mortgage rates have increased this year, and over the past few weeks, they’ve been fluctuating quite a bit. It’s important to stay up to date on what’s happening with rates and understand how they can impact your purchasing power when you’re thinking of buying a home.

A home inspection is a crucial step in the homebuying process. It assesses the condition of the home you plan to purchase so you can avoid costly surprises down the road.

The top five things home inspectors look for:
Foundation.
-The foundation is the workhorse of a house. ...
-Roof. Roof quality and performance can also make or break a house deal. ...
-Plumbing. Is there anything worse than a leak? ...
-Electrical systems. ...
-HVAC system.

*Only those items that are visible and accessible by normal means are included in the report.*

Please Always feel free to DM or text me for any questions or assistance in real estate.