Kevin Nguyen

Contact Kevin

Branch Manager / Sr. Mortgage Consultant
800.815.1945 ext. 3624
916.469.3624 Direct
916.596.6656 Assistant
925.759.3376 Mobile/Text Messages
916.258.0702 Fax

kevin@MyEquityZone.com
 

Mortgage Glossary

Finance Glossary

Mortgage Terms© ML

Featured Posts

What’s Ahead For Mortgage Rates This Week : December 31, 2012

Mortgage bonds improved last week, pushing mortgage rates lower in Illinois and nationwide. Positive economic news and strong housing data was trumped by ongoing Fiscal Cliff discussions on Capitol Hill. The "Fiscal Cliff" is meant to represent January 1, 2013 -- the date on which mandatory spending cuts are enacted by Congress and on which tax rates increases for many U.S. taxpayers. Some analysts believe that if these two events are to occur simultaneously, it would derail the current U.S. … [Read More...]

Fixing Up An Historic Home : The Three Rs

If you enjoy both history and fixing things, then you may have trouble driving by historic homes for sale in Minneapolis without feeling the urge to buy and fix one up. Before you do, however, you should know the three R's of fixing historic homes -- Restoration, Renovation, and Repair. Restoration "Restoration" is the process of returning a home to its original state. Restoring historic homes often requires city and state permission. It's essential that you check to see whether your home … [Read More...]

Case-Shiller Index Posts 4% Annual Home Price Gain

The U.S. housing market continues to make home price gains. Earlier this week, the S&P/Case-Shiller Index showed home prices gaining 4.3 percent during the 12-month period ending October 2012, marking the largest one-year gain in home prices since May 2010. The Case-Shiller Index measures changes in home prices by tracking same-home sales throughout 20 housing markets nationwide; and the change in sales price from sale-to-sale. Detached, single-family residences are used in the Case-Shiller … [Read More...]

How To Install A Water Heater Jacket

A simple way to save money is to improve your home's energy efficiency rating.  For example, Chicago homeowners can save up to 9 percent per year on water heating costs simply by installing a water heater jacket. Water heater jackets are easy to install. Here's how you do it : First, before you go shopping, check whether your water heater is a gas model, or an electric one. Then, write down your water heater model number. Most water heater jackets list compatible water heater models on … [Read More...]

What’s Ahead for Mortgage Rates This Week: December 24, 2012

Mortgage markets worsened last week amid ongoing discussions budget and tax conversations in Washington, D.C., and the release of key housing and economic data. Mortgage rates climbed in Illinois and nationwide. Freddie Mac reported the average 30-year fixed rate mortgage rate at 3.37 percent nationwide for borrowers willing to pay an accompanying 0.7 discount points at closing, plus closing costs -- an increase of 0.05 percentage points from the week prior. The average 15-year fixed rate … [Read More...]

Housing Starts, Building Permits Rising Into 2013

Single-family housing starts took a small step back in November. According to the monthly Housing Starts report from the U.S. Department of Commerce, single-family housing starts tallied 565,000 in November 2012 on a seasonally-adjusted, annualized basis. This marks a 4 percent decline from October, but is more than 100,000 higher than the count from 12 months ago. Clearly, the nation's new home construction market is expanding. On a regional basis, single-family housing starts have been … [Read More...]