I'm Jonathan Pradetto, This Is My Business Page

IT'S PUMPKIN SPICE SEASON WHICH MEANS?!?

CALHFA DREAM FOR ALL PROGRAM SHOULD BE COMING OUT WITH AN UPDATE ANY DAY NOW!!!

Dm me if you have any questions on getting pre approved for this program!

Let's decode the real estate market! 🧐 In a buyer's market, it's a shopping spree with favorable prices. In a seller's market, it's a seller's delight with high demand. As your loan officer, I'll help you navigate whichever market you're in to secure the best deal.

Feels great to get this kind of notification on a FRIDAY!!! I am blessed for the community of clients I have, who are loyal, and receptive to the advise I give!

Who is next?

Another Great day for another amazing family!!! CLEAR TO CLOSE after a renegotiation!! I couldn't be happier for the Lee Family!

Today, FHFA announced that it has rescinded the upfront fees based on certain borrowers’ debt-to-income ratio for loans acquired by Fannie Mae and Freddie Mac . FHFA will also issue a Request for Input on the Enterprises’ pricing framework.

Read more: https://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-Announces-Rescission-of-Enterprise-Upfront-Fees-Based-on-Debt-To-Income-Ratio.aspx

In summary based on todays news: Inflation is the enemy of mortgage rates. Todays CPE report is showing signs of inflation easing, which bodes well for mortgage rates. As inflation pressures ease, it is pushing home borrowing costs lower and with a still healthy jobs market, the prospects for homeownership continue to brighten.

MMG Featured Charts Key Inflation Data Unchanged in March

HAPPY MAY1ST!!!

Are you looking to buy a home but struggling to find the right mortgage lender? Look no further! I here to help.

I understand that every homebuyer's situation is unique. That's why I offer personalized solutions to fit your needs.

With my team's 30+ years of experience, we guide you through the entire mortgage process, from pre-approval to closing, ensuring a stress-free experience.

From Day one, our commitment to you is helping you find the right mortgage that suits your needs and budget, so you can move into the home of your dreams.

Contact me to learn more about how we can help you get started on your homeownership journey.

Mortgage Application Volume Increases Despite Higher Rates Mortgage application volume increased during the week ending April 21. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, rose 3.7 percent on a seasonally adjusted basis compared to the prior week and was 5 percent higher before adjustment. The Refinanc...

Mortgage Applications are up despite higher interest rates!

In a market like this there is a quotes that comes to mind:

"don't wait to buy real-estate, buy real estate and wait." - Will Rogers, real estate expert

According to Freddie Mac, mortgage rates have over the last 7 months have only gone up By 0.1% (from 6.29% - 6.39%). so what has changed from September of 2022 where report after report came out that the housing market was beginning to crack and show signs that we are in a bubble? Excluding a whole summary of all of the economic factors that have gone on in the last couple years, their fears never came true.

With Spring in full effect and people adjusting to a "New Normal" with higher interest rates, people are understanding that the housing is the best investment one can make. In a season of inflation not being under control, owning your home is the way to protect yourself from inflation since you are contractually bound to a payment for 30yrs and not subject to rent hikes.

This a take in addition to the article below. I cannot stress this enough, when looking at purchasing or refinancing, who you work with matters. Message me to get started today! other people have (the numbers show it).

Mortgage Application Volume Increases Despite Higher Rates Mortgage application volume increased during the week ending April 21. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, rose 3.7 percent on a seasonally adjusted basis compared to the prior week and was 5 percent higher before adjustment. The Refinanc...

Are you ready to take the exciting step of buying your dream home? We're here to help! Our mortgage experts can guide you through the process and find the perfect loan for your unique needs. With our competitive rates and personalized service, we make buying a home easy and stress-free. Contact us today to learn more and get started on your journey to homeownership! 🏡💰

IT IS THAT TIME OF YEAR! COLDWELL BANKERS OF RIVERSIDE WILL BE HOSTING THIER ANNUAL OPEN HOUSE ESTRAVAGANZA! 18 HOMES, 18 OPEN HOUSES, 1 DAY.

If you are thinking of buying or selling a home this spring, here are some tips to keep in mind:

1. Work with a real estate agent: A good agent can help you navigate the buying or selling process and negotiate on your behalf.
2. Get pre-approved for a mortgage: Getting pre-approved will give you a better idea of how much you can afford to spend on a home.
3. Consider location: Location is key when it comes to real estate. Think about factors such as proximity to schools, work, and amenities.
4. Don't forget about closing costs: Closing costs can add up quickly. Make sure you're prepared for these expenses.
5. Do your research: Research the market and compare prices in the area to make sure you're getting a fair deal.

If you want any info on any of these listing, or want to work with the best team in Riverside, DM me!

Are you ready to become a homeowner? Getting a mortgage can be a great way to make your dream of owning a home a reality. Here are some tips to keep in mind:

Know your credit score: Lenders use your credit score to determine your eligibility for a mortgage and the interest rate you'll receive. Check your score before applying for a mortgage and work to improve it if necessary.

Get pre-approved: Getting pre-approved for a mortgage will give you a better idea of how much you can afford to spend on a home. It can also make your offer more attractive to sellers.

Consider all costs: When calculating how much you can afford, don't forget to include additional costs such as property taxes, homeowner's insurance, and maintenance expenses.

Work with a professional: A mortgage broker or loan officer can help guide you through the process and answer any questions you may have.

Ready to start your journey to homeownership? Contact us today to learn more about our mortgage options.

April: APM Elevate Newsletter The APM Elevate Newsletter keeps you up to date on all things real estate, mortgage, and lifestyle trends! Here's this month's roundup of news and resources.

This was an interesting read and makes a good point. The numbers may vary, but the lesson is the same. A home owner's net worth, on average, is 40Xs greater than a Renter's.

The answer Question I like to pose with my posts: What does this mean for YOU? 83% of the wealth in the United States has been build through real estate. It has been proven to be one of the most fruitful, long term investments that an individual can make to increase their net worth. Simply put, The lesson here is to change your perspective from planning 3-5 years out to looking at 15-20 years out. One of my favorite quotes from Warren Buffet is, " a fool with plan will beat a genius without one every time." Wealth is the result of putting a plan in place and following through, so is the result of home owner ship!

https://www.mykcm.com/2020/10/07/a-homeowners-net-worth-is-40x-greater-than-a-renters/

A Homeowner’s Net Worth Is 40x Greater Than a Renter’s One of the best ways to build your family’s financial future is through homeownership. Recent data from the Federal Reserve indicates the net worth of a homeowner is actually over 40 times greater than that of a renter. Maybe it’s time to start thinking about buying a home, especially when they....

Doing those CE's and staying up on the new laws/ amendments!!!!

Always providing 5 star service to those who choose to accept it!!

MORTGAGE WATCH MONDAY!!!

Good morning and welcome back to another glorious Monday, the last one of September! With this being the end of the month and everyone trying to fund and close what they can before Thursday, here are some of the things to watch out for in this insanely volatile market!!!

Rates: As you will see in the attached article, Rates are creeping down again after a brief uptick. How much lower will the go? that is a good question. Last week we saw the MBS break to the upside with a lot of room for it to continue up ( mortgage rates will go down). This is promising news give the slight slow down of home purchases last week due to the limited housing inventory. Purchases haev been taking slightly longer with sellers forcing multiple offer situations to get the best price!!

http://www.mortgagenewsdaily.com/consumer_rates/955591.aspx

Stellar Housing Data; Rates Inching Lower Considering this week's generally positive drift in rates, we shouldn't expect lenders to get less busy any time soon. In recent weeks, there's been a sense that mortgage pricing seems just a little bit "off" compared to expectations. Those expectations are...

NOTHING MORTGAGE RELATED. . . JUST A GREAT PIECE OF INFORMATION. STAY HUNGRY MY FRIENDS!!!

As I have posted before. Back in August the FHFA announced the implementation of the Adverse Refinance Fee that will effect all loans that are not sold to Fannie Mae or Freddie Mac as of 12/2/2020.

We all knew that these fantastic rates for refis were not going to last forever, but few anticipated that party to end this soon. THE KEY TAKE AWAY HERE IS. . . IT IS NOT A SUPRISE BECAUSE THEY ANNOUNCED IT. They announced that the rates and fees were going to increase to give consumers a chance to get in before it hits. Call me, 951-742-2308, or DM me to get started while the getting is good!!!

WHAT!!!!!! Home sales SOAR to the highest levels in 14 years!!!

WHAT IS THE REAL QUESTION BEHIND THIS??? What does this mean for you??
Here are a few tips to get the competitive edge:
1. Get preapproved: This allows your agent and the seller to feel more comfortable knowing that you are on the ball and qualified for the property, and allows you to get in before other offers.
2. Put your best foot forward: The market is too hot and too competitive to hold back!!
3. Consult with a mortgage/real estate about passing on conditions: In some cases, it maybe worth looking at dropping a condition to get that edge.************ CONSULT WITH YOUR REAL ESTATE PROFESSIONAL BEFORE CONSIDERING THIS!!!!!
4. Fall in love with the PAYMENT not the HOUSE: A house is the largest purchase most people make in a life time, and people will usually buy and sell 2-3 homes in their life time. The house is the goal, but your monthly payment is something you will need to live with for 30 years. . . Make sure the payment meet allows you to live the life you live and save toward your goals!!!

http://www.mortgagenewsdaily.com/09222020_existing_home_sales.asp

Home Sales Surge to Best Levels in 14 Years Existing home sales continued on a roll for the third consecutive month, hitting the highest level in August since December 2006. The National Association of Realtors® (NAR) said sales of pre-owned single-family houses, townhomes, condos, and cooperative...

Good morning and Happy Friday, I wanted to speak to any of my friends and family that are on the fence about the refi market and timing. Rates are Still great!!!!! That is less of an issue in this market than the timing. In an earlier post, I posted the article from the FHFA stating that any Refi that closes on or after DECEMBER 1, 2020, there would be a 50bsp (.05%) refi fee ACROSS THE THE BOARD. I emphasize this because it is a government fee, so EVERY COMPANY WILL BE ADDING THIS TO YOUR FEES.

The reason i bring this up is because TIME is running out to get your loan in line and closed before these fees are applied.

Even for my friends out of state, if you have any questions on how to get started, message me, call me or text me and I will help you get started. 951-742-2308

This is just a Nice picture that I saw and Hope it fills someone with joy as it for me!

Happy Labor Day to all of you out there!! If you are looking for a home or a refi, I am still working While everyone is enjoying their long weekend

The Italian Lender updated their address.