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Loan | Solari Group Real Estate News Blog

Tuesday, February 4, 2020   /   by Nicole Solari

Three Reasons Why Pre-Approval Is the First Step in the 2020 Homebuying Journey

When the number of buyers in the housing market outnumbers the number of homes for sale, it’s called a “seller’s market.” The advantage tips toward the seller as low inventory heats up the competition among those searching for a place to call their own. This can create multiple offer scenarios and bidding wars, making it tough for buyers to land their dream homes – unless they stand out from the crowd. Here are three reasons why pre-approval should be your first step in the homebuying process.

1. Gain a Competitive Advantage

Low inventory, like we have today, means homebuyers need every advantage they can get to make a strong impression and close the deal. One of the best ways to get one step ahead of other buyers is to get pre-approved for a mortgage before you make an offer. For one, it shows the sellers you’re serious about buying a home, which is always a plus in your corner.

2. Accelerate the Homebuying ...

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Friday, January 24, 2020   /   by Nicole Solari

2020 Homebuying Checklist

Some Highlights:

If you’re thinking of buying a home, plan ahead and stay on the right track, starting with pre-approval.
Being proactive about the homebuying process will help set you up for success in each step.
Make sure to work with a trusted real estate professional along the way, to help guide you through the homebuying steps specific to your area. ...

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  real estate, home ownership, homebuyers, buying, real estate agent, first time home buyer, investing, loan, real estate team, solari team, solano county, napa valley, the solari group, home buyer tips, level up realty, first time home buyers

Thursday, January 16, 2020   /   by Nicole Solari

Homes Are More Affordable Today, Not Less Affordable

There’s a current narrative that owning a home today is less affordable than it has been in the past. The reason some are making this claim is because house prices have substantially increased over the last several years.
It’s not, however, just the price of a home that matters.
Homes, in most cases, are purchased with a mortgage. The current mortgage rate is a major component of the affordability equation. Mortgage rates have fallen by over a full percentage point since December 2018. Another major piece of the affordability equation is a buyer’s income. The median family income has risen by approximately 3% over the last year.
The National Association of Realtors (NAR) releases a monthly Housing Affordability Index. The latest index shows that home affordability is better today than at almost any point over the last 30 years. The index determines how affordable homes are based on the following:

“A Home Affordability In ...

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  real estate, homebuyers, buying, real estate agent, realtor, finances, first time home buyer, loan, home price, solano county, napa valley, the solari group, market trends, home buyer tips, level up realty, housing market, mortgage, real estate market, home buyer, mortgage rates, interest rates, for buyers

Wednesday, November 13, 2019   /   by Nicole Solari

75 YEARS OF VA HOME LOAN BENEFITS

75 Years of VA Home Loan Benefits






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Today, on Veterans Day, we salute those who have served our country in war or peace, and we thank them for their sacrifice.

This year marks the 75th anniversary of VA Home Loan Benefit offerings through the Servicemen’s Readjustment Act, also known as the GI Bill. Since 1944, this law has created opportunities for those who have served our country, ranging from vocational training to home loans.

Facts About VA Home Loans:



Nearly 24 million home loans have been guaranteed by the Veterans Administration.



Nearly 82% of VA home loans are made with no down payment.



The VA also provides grants to help seriously disabled Veterans purchase, modify, or construct a home to meet their needs. Last year the VA provided 2,000 grants totaling $104 million.



Benefits of a VA Home Loan:



No down payment



No Private Mortgage Insurance* ...

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  real estate, home ownership, moving, loan, solano county, solari group, the solari group, for buyers, home buyers, family homes, va