Loan Terms – 15 v. 20 v. 30-year – Savings Add Up, But Payments Increase

  • March 25th, 2013
  • devinlucas

As you might imagine, a shorter term loan can translate into thousands of dollars saved on interest payments throughout the term.  Lower rates and shorter terms save money for those able to manage the slightly higher monthly payment.  Here’s a graphic showing a $250,000.00 loan; use any loan calculator or consult with your lender to […]

Orange County Housing: Prices Up 25.1% From Last Year

  • March 20th, 2013
  • devinlucas

As reported by the California Association of REALTORS® in the below article, as is no surprise to many home shoppers, especially in such great locations as Newport Beach and Costa Mesa, prices are up, up, up.  A full 25.1 percent February 2013 v.  2012 and a full 7.2 percent just from the previous month, according to the California […]

Home Improvement: Best Bang For Your Buck

  • March 12th, 2013
  • devinlucas

Thinking of a home remodel?   There are many great ways to improve your home.  Whether for your own enjoyment, or to increase value to your property to sell or rent, some remodels will really spruce up a property (not to mention the ‘wow’ factor and, in many cases, energy savings).  Here, from the National Association of […]

Low Inventory

  • March 8th, 2013
  • devinlucas

Most people now know there is a severe lack of supply of housing, a “low inventory,” especially of desirable homes, in desirable areas, in those under $1 million gem neighborhoods such as East Side Costa Mesa and more expensive dream homes in areas such as Newport Beach.  Supply-and-demand economics kick in, and Voilà, you have multiple offers on prime properties […]