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Carrington Mortgage Services, LLC Learning Center

Summer Heat Safety for Your Family and Furry Friends

Summer bringssun-drenched days and high temperatures, and it's essential to take proactive steps to ensure the safety and well-being of your loved ones—including your furry companions. Here are some reminders to help you navigate the summer heat and keep everyone comfortable and safe. 

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Carrington Charitable Foundation: Special Olympics Recap

Carrington and Vylla Associates came out in force to show their company pride and support of the Special Olympics Summer Games on June 8-9, 2024, at Cal State Long Beach in Long Beach, CA. The Summer Games is one of four annual championships held at the conclusion of each sport season, with athletes coming together throughout Southern California. CCF sponsored the event at the $10,000/Major Sponsor level.   

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Simple Strategies for Paying Down Debt

Managing and reducing debt helps achieve financial stability and peace of mind. Refinancing your mortgage and consolidating debt are powerful tools that can lower monthly payments and interest rates, making it easier to manage your finances. Carrington makes it simple by guiding you through each step, offering personalized advice and handling the paperwork, so you can focus on other things. 
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A New and Improved Escrow Statement is Here!

Whether you’re a seasoned veteran or a first-time homeowner, reading and fully understanding your escrow statement can be tough. An escrow account is an account managed by your mortgage servicer to pay for property taxes and/or insurance premiums on your behalf.

Each month, a portion of your mortgage payment is deposited into your escrow account, ensuring funds are available when these larger bills become due. Carrington conducts an analysis at least once a year to ensure your escrow account is funded correctly. The analysis determines any surplus or shortage and adjusts your monthly payment accordingly to cover all bills paid through your escrow account. 

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What can you do to Plan for Natural Disasters?

Regardless of where you live, it’s important to have your home prepared for a potential natural disaster. If you experience a natural disaster, we are here to help. Please visit ourDisaster Assistance page for resources available to you if you are impacted. 

Here are some general tips regarding emergency preparedness: 

  • Have an emergency plan. Discuss your plan with your family and identify who is responsible for what in the event of an emergency. 
  • Have an emergency supply kit prepared containing nonperishable food, bottled water, medical supplies, any medications and emergency power sources (portable cell phone charger, flashlights and batteries.) 
  • Know where your nearest emergency shelter is located and have multiple routes to get there safely. For families with pets, ensure your plan includes accommodations for your pets. 
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Buying and Selling Season has Arrived!

With mortgage rates forecasted to dip in 2024, there is potential for a boom in buying and selling, as well as room for potential refinance opportunities for homeowners. 

After its meeting in March this year, the Federal Open Market Committee (FOMC) voted unanimously to leave the benchmark federal fund rates unchanged. The federal funds rate is the overnight borrowing rate for commercial banks and credit unions – indirectly influencing mortgage rates. This vote marks the fifth consecutive meeting to maintain its steady policy rate between 5.25 percent and 5.5 percent. For all your homeownership needs, here are some opportunities you can take advantage of when using Carrington Mortgage Services, LLC! 

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