Shashank Shekhar's Blog

CalHFA Dream For All Shared Appreciation Loan Program is a path-breaking progarm for California first-time home buyers. This is to be used in conjunction with the Dream For All Conventional first mortgage. Upon sale or transfer of the home, the homebuyer repays the original down payment loan, plus a share of the appreciation in the […]

VA Loan Funding Fees have been reduced for 2023 loans. The new funding fee applies to loans closing on or after April 7, 2023. Reduced funding fees apply to loans made to purchase or construct a dwelling with a Downpayment of five percent or more of the purchase price.   What kind of Downpayment is […]

FHA annual mortgage insurance premium was reduced today for loans endorsed on or after March 20,2023, per the latest announcement. What is FHA Mortgage Insurance Premium? FHA (Federal Housing Administration) loans are insured by Housing and Urban Development. To insure the lenders against default, it charges insurance premiums from the borrowers. There are two kinds […]

You’ve found the home of your dreams. You even have preapproval for the mortgage. Suddenly, the bottom falls out, and the lender pulls the mortgage. You are wondering why your home mortgage fell through. What could you have done to prevent this outcome? Can you get things back on track? Read this post to learn […]

Ultimate Guide to Closing Your First Real Estate Transaction Closing your first real estate transaction is a big deal. It comes with a mix of excitement and nervousness. You want to close the deal, but you know a lot goes into the process. Once you have secured funding and made a purchase agreement, it is […]

Understanding a 3-2-1, 2-1, and 1-0 Buydown Mortgage is extremely important in the 2023 housing market with elevated rates and lower affordability. Understanding 3-2-1 Buydown Mortgage A 3-2-1 buydown mortgage starts at 3% lower than your note rate in year 1, 2% lower in year 2, and 1% lower in year 3.  So, if you […]

Will the mortgage rates go down, go up, or remain the same in 2023? Every potential homebuyer probably wants to know the answer to this question. Current Mortgage Rates The latest primary mortgage market survey (PMMS), released by Freddie Mac, showed that mortgage rates went up and 30 Year Fixed mortgage rates averaged 6.12%. The […]

Single Family vs Multi-Family: Which is the Best Investment? It’s no secret that investing in real estate can be a smart financial move. Real estate investments can generate reliable income and be a way to build wealth. If you plan to invest in real estate, you might wonder about single-family vs. multi-family properties. Both can […]

Even with a bit of a slowdown in 2022, there are still hot real estate markets. This post is part two of 2023 hottest real estate markets. You can click here to see the five markets in part one. The NAR picked these markets as the ten with the most potential in 2023. Let’s look at […]

It’s no secret that the national real estate market experienced a bit of a cooldown in 2022. According to a report from the NAR, sales slowed from 6.1 million in 2021 to 4.43 million in 2022. The report also looked at some of the hottest real estate markets in 2023. Because much of the national […]