Direct: (818) 435-6560 | tgrey@equitysmartloans.com

Blog

26
Apr
By Todd Grey
Home Buyer Tips, ,

Making Homeownership a Reality: Exploring Affordable Housing Initiatives

In the realm of real estate, the dream of homeownership often feels like a distant horizon for many individuals and families. Skyrocketing property prices, coupled with stagnant wages, have created significant barriers to entry into the housing market. However, amidst these challenges, there is a glimmer of hope in the form of affordable housing initiatives. These strategies aim to break down the financial barriers and make homeownership accessible to a wider range of people. In this blog post, we'll explore some innovative approaches that are reshaping the landscape of affordable housing. 1. Government Subsidies and Grants One of the most…
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25
Apr
By Todd Grey
Mortgage, ,

A New Homebuyer’s Guide to Understanding Property Taxes

Purchasing a new home is an exciting milestone, but it also comes with various responsibilities, including understanding property taxes. Property taxes are a crucial aspect of homeownership, as they contribute to local government funding and services. In this guide, we'll break down everything you need to know about property taxes as a new homebuyer. What Are Property Taxes? Property taxes are taxes imposed by local governments on property owners. These taxes are based on the assessed value of real estate properties, including land, buildings, and improvements. The revenue generated from property taxes is used to fund essential services such as…
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24
Apr
By Todd Grey
Mortgage, ,

How Your Home Equity Can Help You Reach Your Retirement Goals

If you plan on retiring soon, you are probably looking at a few options that can get you over the hump. You are probably excited to start a new phase of life. With a record number of people closing in on their retirement age, many are starting to assess their resources to make sure they have enough money to last them for the rest of their lives. If you already own a home, you might be able to tap into your home equity to help you fuel your retirement. Your Home Has Probably Gone Up In Value Your house is…
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23
Apr
By Todd Grey
Home Financing Tips, ,

The Fundamental Role of Title Insurance

Title insurance is a necessary component of real estate transactions, playing a pivotal role in safeguarding the interests of buyers, sellers, and lenders. While it might not be as prominent as other aspects of the real estate process, its significance cannot be overstated. We will examine the essential role of title insurance and explore why it is a vital component of real estate transactions. Understanding Title Insurance: Title insurance is a specific type of insurance that provides protection against financial loss due to defects in a property's title. The title of a property is the legal evidence that the owner…
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22
Apr
By Todd Grey
Financial Reports, ,

What’s Ahead For Mortgage Rates This Week – April 22nd, 2024

Last week, the largest report was the Federal Reserve’s Beige Book, leading into chairman of the Federal Reserve Jerome Powell speaking on the current state of the economy and the stance of the Federal Reserve. While the Beige Book has indicated some positive movement towards a strong economy, there have been many indicators from all inflation data that inflation has yet to be tamed to the standards of the Federal Reserve.  This was punctuated by Jerome Powell, as he discussed at length the Federal Reserve has yet to feel inflation is under control. This has dispelled all notion there will…
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