LINDA HAO Realty Group

✨JUST LISTED✨

1352 Flamingo Dr. Corona 92879
Corona Hills
4 Bedrooms
2.5 Bathrooms
1800+ Sqft
Low Taxes and Low HOA

OPEN HOUSE THIS WEEKEND
Saturday 12-3pm
Sunday 12-3pm

Linda Hao
Keller Williams
213-210-9846

✨FAQ Thursdays✨

📍An earnest money deposit, aka good faith deposit, is the main way for a buyer to show sellers they are serious about purchasing their home.

When a buyer purchases a home, they provide the seller's real estate company a deposit to hold in their escrow account. The amount that is deposited is subtracted from the final figure that a buyer pays at the closing table. In most cases, the larger the deposit, the stronger a purchase offer looks to a seller.

For more Real-Estate information call me at
📞213-210-9846

LINDA HAO REALTY GROUP
DRE 02029564
🌐www.askmehao.com

✨Good Read Wednesdays✨

✔Why the Stock Market Drop Could Help—and Hurt—Homebuyers

There’s no simple explanation why changes in the stock market lead to changes in mortgage rates.

Basically, when investors get spooked, they tend to pull money out of the more volatile stock market and put it in boring, but more stable, bonds offering lower returns. They also often look to mortgage-backed securities, aka mortgage bonds. When more folks are buying up bonds, prices go up.

When lenders make a mortgage, they typically don’t want to keep it on their books because that means less money is available to make new loans. So they sell the loans, which are being bundled together into securities, in the secondary market.

Since mortgage rates are the inverse of bond prices, when bond prices are up, mortgage rates go down.

https://www.realtor.com/news/trends/why-stock-market-drop-could-help-and-hurt-homebuyers/

Its time for you to get a home of your own. Call me at

📞213-210-9846

LINDA HAO REALTY GROUP
DRE 02029564
🌐www.askmehao.com