Jennifer Wilford

Coast National Mortgage

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Mistakes To Avoid When Organizing Your Home

December 20, 2022 by Jennifer Wilford

Mistakes To Avoid When Organizing Your HomeIf your house has a tremendous amount of clutter in it, you might finally think it is time to do something about it. Now is the perfect opportunity for you to get your house organized, and you probably want to start by tackling the piles of clothing and paper in the middle of the floor. Before you jump in feet first, take a look at a few mistakes you need to avoid when organizing your home.

Buying Boxes Before Assessing The Situation

You might be ready to start throwing items in boxes, but you need to assess how much you have first. If you don’t understand just how disorganized your house is, you will have a difficult time purchasing the right storage bins. Make sure you measure your drawers, closets, shelves, and even the space underneath your bed. That way, you understand exactly how many storage bins you need before you go on a shopping spree.

Not Scheduling The Organization Spree Ahead Of Time

You need to pick the right time to organize your house. Make sure you are focused and energetic, but ensure you are not distracted by something that might be more appealing. Even though the right time is not going to magically reveal itself to you, you need to be intentional about when you decide to start organizing your house.

Rearranging Instead Of Organizing

There is a difference between rearranging your house and organizing it. We are arranging your house simply means making it look “neat” and “clean.” It does not necessarily mean it is organized. You need to be intentional about where you place your items, and you must make sure you get rid of items you no longer need. Make sure that once you put an item in a certain location, you want it to stay there for the foreseeable future. This is particularly true when it comes to books, clothing, and pantry supplies.

Avoid These Mistakes When Organizing Your Home

There is no single right way to organize your house, but these are a few of the most common mistakes to avoid. Make sure you have a plan in place before you start organizing your house. That way, you can complete the job in a timely manner. 

Filed Under: Mortgage Tagged With: Home Organization, Mortgage, Organize

What’s Ahead For Mortgage Rates This Week – December 19, 2202

December 19, 2022 by Jennifer Wilford

What's Ahead For Mortgage Rates This Week - December 19, 2202Last week’s economic reporting included readings on inflation, retail sales, and the Federal Reserve’s Federal Open Market Committee meeting.  Fed Chair Jerome  Powell held his scheduled post-meeting press conference and weekly readings on mortgage rates and jobless claims were also released.

Federal Reserve Raises Target Interest Rate Range

The Federal Reserve’s Federal Open Market Committee announced its decision to raise the Fed’s target interest rate range to 4.25 to 4.50 percent from its previous range of 3.75 to 4.00 percent.

Fed Chair Jerome Powell said in remarks made during his scheduled press conference, “We’re going into next year with higher inflation than we thought.” Seven Fed officials predicted rising interest rates with the Fed’s interest rate range potentially reaching 5.75 percent. Analysts said that the Fed’s position of controlling inflation at any cost could result in a recession. Chair Powell said it was impossible to predict if a recession would occur and how deep it might go and how long it could last. He repeated the Fed’s commitment to controlling high inflation.

Mortgage Rates, Jobless Claims  Fall

Freddie Mac reported lower fixed mortgage rates last week as the average rate for 30-year fixed-rate mortgages dropped by two basis points to 6.31 percent. The average rate for 15-year fixed-rate mortgages dropped by 13 basis points to 5.54 percent.

Initial jobless claims fell to 211,000 first-time claims filed as compared to the prior week’s reading of 231,000 new jobless claims filed. Continuing jobless claims were reported as unchanged from the prior week with 167,000 ongoing unemployment claims filed.

The Commerce Department reported lower retail sales in November than in October. Retail sales decreased by -0.6 percent in November, which surpassed analysts’ estimates of -0.3 percent. Lower retail sales could suggest an impending recession as consumers hold back on paying rapidly rising prices for non-essential goods and services.

What’s Ahead

This week’s scheduled economic reporting includes readings from the National Association of Home Builders on U.S. housing markets and Commerce Department data on building permits issued and housing starts. Reports on sales of new and previously-owned homes and weekly readings on mortgage rates and jobless claims will also be released.

Filed Under: Financial Reports Tagged With: Interest Rates, Jobless Claims, Mortgage Rates

Are Firefighter Mortgages Legit?

December 15, 2022 by Jennifer Wilford

Are Firefighter Mortgages Legit?As a firefighter, you put your life on the line every day. You are there when people need you the most, and you might be wondering how you can finance a home. Even though the housing market has gotten expensive, there are special programs that firefighters can take advantage of. That way, you might have an easier time purchasing the house of your dreams.

Special Programs Are Available For Firefighters

As a rule of thumb, people are expected to put 20 percent down for a home. This can cost tens of thousands of dollars, and it might be difficult for you to save that type of money. Fortunately, there are special programs under this category that may allow firefighters to purchase a house with a down payment of as little as 2 percent down. You also do not have to worry about any resale or borrower repayment restrictions, and your credit score only needs to be 580 or higher. You can even come by in this special program with the FHA 203(b) program, which might make it easier for you to renovate your house after you purchase it.

What Are The Other Eligibility Requirements?

There are several other eligibility requirements that you might need to meet. For example, if you are the one taking out the loan, your total income must be equal to or less than 140 percent of the median area income. The program is also only available to first-time home buyers. Keep in mind that this program is also available to other first responders as well. This includes police officers, paramedics, emergency medical personnel, and other health responders. 

Explore All Options For Financing Your Home Purchase

Being a firefighter is a demanding career, but there are options available that can make your home purchase less stressful. If you are a firefighter, you should consider exploring home loan options through this program. You should reach out to an expert who can walk you through the process, as it could make it much easier for you to save up money for a down payment on a house. 

 

Filed Under: Mortgage Tagged With: 203 b, Firefighter, Mortgage

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Jennifer Wilford

Contact Jennifer Wilford


Call (949) 498-7040
jwilford@coastnationalmortgage.com
NMLS #347088

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About

Recognized by Orange Coast Magazine as one of the top 2% of mortgage professionals in Orange County, Jennifer Wilford has been doing mortgage loans in Orange County for over 32 years. She has personally closed over 3000 home loans. In 2012, 2013, and 2014 she was honored to be named as a 5 Star Mortgage Professional by Orange Coast Magazine. She is the broker and owner of Coast National Mortgage. She can help you with any of your home financing needs, whether that be for the purchase of a home or a refinance.

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