Best Time to Sale Your Home
Best Time to Sale Your Home

Spring is approaching and keys weeks are ahead to help you maximize the sales price of your house. As you are thinking about selling your home and getting it ready to show potential home buyers, it’s good to know when it’s the best time to sale so you can earn the most money. A recent Zillow report tells us the following.

Up north in San Francisco, the best time list house for sale is Late April and earning homeowners a median premium of $18,100. For faster sales time, best time to list is early February. Late April for San Jose with $24,400 median premiums for those homeowners in Silicon Valley.

In southern California cities such as Los Angeles, Long Beach, Anaheim areas, the best time to list for the most money is late May. Many home sellers in these areas are seeing a median premium of $6,900 over their asking prices.

Heading further south to Riverside then San Diego, homeowners in those cities are seeing $2,400 and $8,100 median premiums when listing their house in early May and late March respectively.


Jon Lam


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Coronavirus – a new risk to the economy

The minutes from the Federal Reserve Jan. 28 – 29 meeting officially called coronavirus a “new risk” to the economy.

“The threat of the coronavirus, in addition to its human toll, had emerged as a new risk to the global growth outlook, which participants agreed warranted close watching,” the minutes said.

The Federal Reserve reiterated the current strategy with no plan to cut rates in 2020. Therefore they may reassess depending on market conditions.

The Federal Reserves does not directly control mortgage rates.  Their decisions and comments can heavily influence bond investors who do. Additionally, rates may be impacted by daily unexpected events, some of which may be global. If an investor sees potential large-scale uncertainty such as the Coronavirus, they may put their money in bonds and accept a lower guaranteed yield instead of stocks, with lower mortgage rates as a result.

Almost 75,000 cases of Coronavirus have been reported and over 2,000 have died worldwide according to the World Health Organization. The main infected area is Hubei province, China. China as of today represents ~ 17% of the world’s GDP.

“The question for us really is: What will be the effects on the U.S. economy? Will they be persistent, will they be material?” Fed Chairman Jerome Powell said in congressional testimony last week. “We know that there will be some effects on the United States.”

What we know now is mortgage rates are at 3-year lows per Freddie Mac. It’s a great time to leverage low rates to increase purchasing power. It and excellent time for homeowners to refinance to a lower mortgage rate or cash-out refinance to pay off debt or get cash for home projects.


Jon Lam, Mortgage Broker

NMLS #1385176

Emory Financial - A Mortgage Brokerage Company

2920 Huntington Dr. Suite 100

San Marino, CA 91108



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Independent Mortgage Brokers in San Marino, CA

These days, it seems easy enough to apply online for a mortgage and get quotes to compare the best rates. Not so fast, as there are so many sites and options that it can make your head spin. Perhaps you have squeaky clean credit and are sure that your bank is the best option. Again, not so fast. And what if you don't have good credit? Perhaps it's best if you reach out to a mortgage broker San Marino residents depend upon to help them find the best rates.

Mortgage broker in San Marino
Emory Financial is an independent home loan company in San Marino serving Thousand Oaks, CA, Simi Valley, CA, and the San Fernando Valley

While a mortgage broker has to offer is going to help you find the right lender, the same rules still apply. By that I mean you want to be sure that you get your pre-approval, and so you want to start with that first and ahead of time. What does your credit look like? You are going to want to be sure that you look at your credit report and identify any issues, working towards resolutions and building up your credit score.

That is one step towards connecting with the best mortgage broker and finding the right lender. It also helps for you to know the landscape of mortgage lending and what to expect. While you might not want to find all the lenders on your own to compare quotes, you certainly want to know what's out there. You want to know the current mortgage rates, too. Knowing as much as you can about the entire process sure isn't going to hurt. That's why we're here to help.

The Mortgage Process

When you do talk to a mortgage broker, he or she is going to help guide you through this process. The broker is going to help you compare the mortgage lenders that are out there and identify the best rates. They have tools and resources that you might not have. You can count on them to help you discover the best loan, possibly saving you a ton of money over the life of your mortgage.

Do be sure you ask all the necessary questions. You're depending upon a third party to help you find the right mortgage loan. While that's the case, this third party is extremely knowledgeable about the mortgage process and all it entails. The know the landscape of the mortgage industry, and they will help guide you to the best possible solutions. Let a broker take the driver's seat, and you go along for the ride. You're about to learn all kinds of things, and if you ever purchase another property, you might find yourself realizing that you don't want to even get started without a mortgage broker.

It's time to find out which broker you're going to network with. Just like with lenders, you have options. Check reputation, reviews and see which mortgage brokers are recommended in San Marino. You want to be provided with the best loan for your home when all is said and done. All things considered, you just need a reputable mortgage broker to help show you the way. Contact us today to get started on your journey to homeownership!

Mortgage Company in San Marino

Emory Financial
2920 Huntington Dr, Ste 100,
Effective eMarketing San Marino, CA 93063l
[email protected]

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