Graphic copy and content direction written/created by Samantha Cheek for RE/MAX Northwest

New Community in Clovis Now Selling

(live link: https://resourcecenter.lennar.com/california-fresno-central-valley/new-community-in-clovis-now-selling/)

Lennar is excited to announce new homes are now available for sale at Corinthalyn. This community boasts homes from two unique collections, Orchard Series and Surf Series, with six unique floorplans to choose from.

The Orchard Series offers new single-family homes with three floorplans featuring: 

  • Approximately 1,635 to 2,985 square feet 

  • Three to five bedrooms 

  • Two to three and one-half bathrooms 

  • Single and two-story homes

  • Flex rooms and lofts

The Surf Series offers a collection of new single-family homes with three floorplans featuring: 

  • Approximately 2,103 to 3,383 square feet 

  • Four to six bedrooms 

  • Three to four and one-half bathrooms 

  • Next Gen® home available

The perks of living at Corinthalyn don’t stop at the community lines. With proximity to Old Town Clovis, this community offers a prime location near an array of local shopping and dining.

Looking for an outdoor adventure? Enjoy a short drive to the famous Yosemite National Park, and with just a short walk to the Fresno-Clovis trail, Corinthalyn caters to novice and seasoned backpackers alike.

Additionally – this community is situated close to more than ten local parks within a two-mile radius, leaving no shortage of entertainment for the kids! With a location in the award-winning Sanger Unified School District, Corinthalyn is an ideal place to put down roots with the family.

Have we piqued your interest yet? This is only the beginning of what Lennar homes have to offer at Corinthalyn. 

Get in early to reserve your new home during our initial sales release. For more information or to view home designs and community details, visit us online or www.lennar.com/centralvalley to view homes now selling across the region.

Blog written by Sam Cheek for Lennar Homes

3 Myths About Mortgages

An individual’s first home purchase is usually the largest investment they’ve ever made. While you might think this would prompt home financing information to be widely available, most of us didn’t learn how to calculate the interest on an APR, or the best debt-to-income ratio in high school (or even college) courses. With that, there are a lot of misconceptions around home mortgages. In this article, we will debunk three common myths about home mortgages and how homeowners can best leverage their homes to both make and save money.

Myth # 1 - A 20% Down Payment is Mandatory

One age old myth is that prospective homeowners need to put down a whopping 20% down payment in order to secure a loan. While some lenders may require a larger down payment (depending on factors such as credit history, loan size, etc.) this is frequently not the case. FHA loans for example require as little as 3.5% down. In addition, there are a number of down payment assistance programs for first-time homebuyers, veterans and low-income households.

Myth # 2 -  You Should Pay Off Your Mortgage as Quickly as Possible

Myth number two may seem counterintuitive at first glance, but despite popular opinion, paying off your mortgage early may not serve you. Reducing or eliminating debt of any kind naturally provides a greater financial peace of mind. However, mortgages frequently come with relatively low interest rates compared to things like car loans or credit cards. If your interest rate is 5% on your home mortgage, but 9% in your car loan… it may be in your best financial interest to redirect those extra mortgage payments to your higher-interest accounts. In fact, you may even consider redirecting such payments to high-yield assets such as stocks or retirement accounts which may yield greater returns over time. Additionally, home mortgages can offer tax deductions, providing sizable savings. It is important to evaluate one’s entire financial portfolio before opting to divert disposable income into additional mortgage payment.

Myth # 3 - You Need Perfect Credit to Qualify

Perhaps one of the most common misconceptions in the homebuying space is that one needs above average credit to be approved for a mortgage. While primo credit may be needed to obtain the lowest interest rates on the market or the most optimal loan variations, there are a number of options available for those with challenged credit. For example, prospective borrowers with credit scores as low as 500 can still qualify for FHA loans. VA and USDA usually require a minimum score of 580, but lenders look at your whole financial picture. 

Understanding down payment options, credit requirements and recognizing the benefits of strategic mortgage payments can help individuals make informed decisions around their home mortgages. A home has the potential to serve as a strong asset that can both make and save a homeowner money. By debunking common myths / limiting beliefs around home ownership, owners can take matters into their own hands and take advantage of the benefits of home mortgages.