California Home Buying 101: Financial Prep & Credit Score Secrets

🏠 Ready to buy your first home in California? Start with solid financial preparation! In this comprehensive guide, we'll walk you through everything you need to know about getting your finances ready for California's competitive real estate market.

📊 What You'll Learn:
How to check and improve your credit score (620+ needed for most loans)
California-specific costs like Mello-Roos districts and higher insurance
Current market conditions: 6.8% price increase expected in 2025
Pre-qualification vs. pre-approval - which one you actually need
Using affordability calculators effectively

💰 2025 California Market Update:
Expected median home price: $869,500
Easing mortgage rates creating more opportunities for buyers
⚖️ MANDATORY DRE DISCLOSURE: This video is for educational purposes only and does not constitute professional real estate, legal, or financial advice. Always consult with licensed professionals including real estate agents (DRE licensed), mortgage brokers, and financial advisors for your specific situation. Real estate transactions involve significant financial decisions and legal obligations.
🎯 Next Episode: Down Payment Assistance Programs - Learn about GSFA and CalHFA programs that can help you buy with less money down!

Licensed Real Estate Professional in California
Isabella Young, DRE #02070910
LPT Realty, DRE #02248983

Видео California Home Buying 101: Financial Prep & Credit Score Secrets канала GoDucks Realtor