Author Archives: Hilary Blaha

About Hilary Blaha

Hilary Blaha is a real estate professional with Pinnacle Estate Properties, Inc and serves the Acton, Agua Dulce and the Santa Clarita area, including; Newhall, Saugus, Canyon Country, Valencia, Stevenson Ranch, Westridge, Castaic, Val Verde.

Do 46 Million Millennials Know They Are Mortgage Ready?

Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as part of attaining the American Dream. Millennials have taken longer to obtain traditional milestones than the generations before them, such as getting married, having kids, and buying a home. However, that does not mean that they do not still aspire to achieve those things. History shows that people tend to buy their first home around age 30. Nearly 5 million millennials will turn 30 in the next two years. This will continue to fuel demand for housing. This is also one … Continue reading

Posted in Real Estate News | Comments Off on Do 46 Million Millennials Know They Are Mortgage Ready?

What Credit Score Do You Need To Buy A House?

There are many misconceptions about the credit score needed to buy a house. Recently, it was reported that 24% of renters believe they need a 780-800 credit score to be considered for a mortgage. The reality is they are misinformed! Only 25% of the Americans have a FICO® Score between 740 and 800. Here is the breakdown according to Experian: 16% Very Poor (300-579) 18% Fair (580-669) 21% Good (670-739) 25% Very Good (740-799) 20% Exceptional (800-850) Randy Hopper, Senior Vice President of Mortgage Lending for Navy Federal Credit Union said, “Just because you have a low credit score doesn’t … Continue reading

Posted in Real Estate News | Comments Off on What Credit Score Do You Need To Buy A House?

Want To Increase Your Family’s Wealth? Here’s How!

Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ that allows you to use your monthly housing costs to increase your family’s wealth. Every month that you pay your mortgage, you are paying off a portion of the debt that you took on to purchase your home. Therefore, you own a little bit more of your home every month in the form of home equity. As your home’s value increases, you also gain home equity. Every quarter, Pulsenomics surveys a nationwide panel of over … Continue reading

Posted in Real Estate News | Comments Off on Want To Increase Your Family’s Wealth? Here’s How!