Bishoy Gaid with Ed Mak Realty and Mortgage

09/05/2022

Take pride in a job well done. Sit back. Relax. Enjoy the vacation this holiday brings!

If you or any of your friends and family have Real Estate or Mortgage questions, please send them our way. We have a wide range of loan programs that may help.

From ED Mak Realty and Mortgage

05/18/2022

Real Estate Terminology: Principal

1: In a real estate transaction, the principle is the primary participant in the agreement. Whether it be the buyer, seller, broker, or property manager, the principal can be anyone involved in a contract.

2: The amount of money borrowed to purchase a home; paying off the principal allows a buyer to build equity. principal is combined with interest to determine the monthly mortgage payment

04/25/2022

Did you know?

When you amortize a loan, you "kill it off" gradually by paying it down in installments. This is reflected in the word's etymology. Amortize derives via Middle English and Anglo-French from Vulgar Latin admortire, meaning "to kill."

What is loan amortization?

Loan amortization is the process of making payments that gradually reduce the amount you owe on a loan. Each time you make a monthly payment on an amortizing loan, part of your payment is used to pay off some of the principal, or the amount you borrowed. This lowers the amount you still have to pay off. Some of your payment covers the interest you’re charged on the loan. Paying interest doesn’t cause the amount you owe to decrease.

04/23/2022

Regardless of what phase you are in on your real estate journey... your goals matter and I'm here to help you reach them!

Contact me for all your real estate needs 🏡

04/23/2022

To understand what you’ll be up against you need to know what the real estate market is doing in your area. Schedule an appointment and get started on your future.

In a buyer’s market, properties can stay on the market for weeks, maybe even months, and it can get increasingly difficult to predict when a serious buyer will come along

In a seller’s market, homes can fly off the market in days as buyers try to outdo each other in cut throat bidding wars.

04/22/2022

The housing market is changing so fast that waiting just 3 months can mean you’re paying an extra 20%

Astronomical home prices and rising mortgage rates have been costing homebuyers. Zillow found that buyers who waited one year could be paying over $130,000 more for the same home.

04/20/2022

C.A.R.'s First-time Buyer Housing Affordability Index (FTB-HAI) measures the percentage of households that can afford to purchase an entry-level home in California. C.A.R. also reports first-time buyer indexes for regions and select counties within the state. The Index is the most fundamental measure of housing well-being for first-time buyers in the state.

C.A.R.’s index tracking historical first-time buyer affordability trends throughout California

07/07/2020

https://www.edmakmortgage.com/blog/should-you-get-your-home-move-in-ready-before-listing-it/

From Home Equity Loan to lines of credit to refinancing, you have several options for financing your home improvements --even if you're not selling your home!

06/18/2020

https://www.edmakmortgage.com/blog/7-myths-about-foreclosure----theres-good-news/

Not everything that you've heard about foreclosing is true. Here are the most common misconceptions about the process.

06/09/2020

https://www.edmakmortgage.com/blog/tips-for-investing-in-real-estate-during-a-recession/

For real estate investors, waiting for the market to stabilize is usually the way to go. But considering the current pandemic, stabilizing could take some time. And with so much real estate opportunity on the horizon (and currently), waiting may not be something you want to do.