Turn on the TV. Read a newspaper. Check-out Social Media … and you’ll run into an article(s) regarding the latest “trends“. Heck, on Twitter they have a trend list that’s constantly evolving and updating. Trends … and being able to report them … are big news. That’s certainly true in the Real Estate/Mortgage world too. […]
Looking for Trends in Mortgage Lending During 2014 Read More »
Lower Loan Limits & Higher Costs of Borrowing An interesting phenomenon is taking place within the financing world these days … What “used” to be … doesn’t “remain that way” long! This has always been the case in quickly-changing JUMBO financing. JUMBO loans are defined as those loans above $417,000 on Single-Family Residences (except
Balancing Risk with Affordable Financing Read More »
A Pragmatists Guide to Qualified Mortgages (QM) On January 10, 2014, new mortgage rules will go into effect that will change the way home loans are originated by just about every institution. These changes stem from the Dodd-Frank Wall Street Reform and Consumer Protection Act passed in 2010. Here is what a buyer, seller and
A Pragmatists Guide to Qualified Mortgages (QM) Read More »
When Inaccuracies Show on your Credit Report … What Then? Credit Scores and Credit Reports are very important … That’s true whether someone is hoping to buy a home (or refinance) or not. But should you be someone in the hunt for Mortgage financing to purchase or refinance a home, the stakes get higher. Your Credit Scores and Credit Reports become
When Inaccuracies Show on your Credit Report Read More »
If you are considering buying a home in Los Angeles it is important to know what your credit history is going to show before you start the process. Why? Because, depending on your score, and if there are any negative hits on your report, your interest rate is going to rise and you may also
When Buying a Home in Los Angeles Check Your Credit First Read More »
More and more often, the topic of co-signing on a Mortgage is being brought up both during my initial inquiries and Pre-Qualification conversations. I’m presented with questions regarding Mortgage co-signing from both hopeful recipients of the co-signing and those actually considering becoming a co-signor. I find that there is often confusion surrounding this topic. (Some simply have co-signingconfused with co-borrowing. Two different things.) And many times, recipient and co-signor alike are unsure
Will Your Mortgage Co-Signor Deliver Magic? Read More »
If you are a first-time homebuyer and have started the process of buying a home in Los Angeles you may have been tempted to find a lender online. This would probably be because you have not yet talked to a Los Angeles Realtor® who would be advising you on the path to take. A huge
Using an Online Lender When Buying a Home in Los Angeles Read More »
So you’ve embarked upon the daunting task of shopping for the best mortgage rate? As a 15-year veteran of the mortgage industry myself, I can be reasonably certain that you, the consumer, will not suffer for lack of choices, information or opinions! In fact, the greater likelihood is that you’ll be overwhelmed with options. Imagine yourself as
How to Get the Best Deal on Your Mortgage Read More »
Changes within the Mortgage Industry have occurred quickly and become a constant over the past few years. Those of us that work within the Industry have gotten somewhat used to this fact. For the public though, the outlook can be quite different. Much has been made of all the recent changes. Because of that, it
The Basics of Home Financing in 2013 Read More »
Robert Spinosa, a Marin County Mortgage professional, provides an excellent overview of the process of getting a loan for non-residents of the U.S. The Foreign Concepts of Mortgage Lending Too often in mortgage lending we are reminded of the divide that exists between the way things are and the way they ought to be. Nowhere
Getting a Mortgage as a Non-Resident or Foreign Buyer Read More »
