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Los Angeles Mortgage Financing | Cheaper is Not Always Better

Don’t “Cut Your Nose Off and Spite Your Face” when it comes to your Mortgage Financing     There’s an old saying …     “You’re cutting your nose off and spiting your face” …      Stretching the point just a bit, I want to use this saying to get a message across regarding interest rates … and […]

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Be Prepared to Make Your Los Angeles Mortgage Application

Time COULD be Money … Should You Delay Too Long. Be Prepared to Make Your Mortgage Application      A short while ago, I wrote a blog regarding the upcoming increases that will be coming to mortgages as a result of recent government Enactments regarding Fannie Mae and Freddie Mac. I found a recently-written article in National Mortgage News.  It

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Terminology to Help you Navigate your Los Angeles Home Buying and Mortgage Transaction

    Words …     That’s all clients hear, if they don’t understand themeaning of the words being used or thrown at them.  And that leads to frustration, lack of action, confusion, and loss of interest … something totally and completely maddening, plus a waste of time, should you be the potential client.     They MAY be hearing ya, but you’re not getting

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Do you Think the Size of your Los Angeles Mortgage Matters?

So You Think SIZE Matters??     Okay … Okay … get your mind outta the gutter!          I’m talking about the SIZE of your mortgage!      Yesterday, I had to explain this important detail to yet another person involved within a mortgage transaction I am working on.  This time, a seller.      Mistakenly, they thought because the

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The Relationship Between Your Credit Scores and Your Mortgage … More Than “Kissin’ Cousins”

Recently I was reviewing a credit report with a prospective homebuyer.  After going over a few different pieces of information together, we began to talk about differing mortgage programs available to him for his home purchase.  It’s fair to say, that this young man’s credit scores were … well, shall I say, “challenged”?  They were close to

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Today’s Mortgage Lesson: The Three R’s. Rumors, Reminder, and ‘Rithmetic

As usual, Gene Mundt, a Chicago mortgage lender offers excellent advice which Los Angeles home buyers can take advantage of. Today, I want to address 3 things that seem to crop-up frequently when working with home buyers … and that’s … Rumors, Reminders, & ‘Rithmetic! Rumors first, as I believe misconceptions and untruths can scare potential

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What do Mortgage Insurance and Magic Have in Common?

Today, at the monthly NAHREP (National Association of Hispanic Real Estate Professionals) meeting in San Marcos, California, I had the pleasure of speaking about short sales. After the meeting, Ken Davis approached me and asked me about mortgage insurance. Short sale aficionados (or should I call them short sale suckers?) already know that mortgage insurance

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Los Angeles Mortgages are Still Low – Don’t Miss your Window of Opportunity

Tick…tick…tick That’s the sound of time slipping away on lower-priced mortgages, smaller-downpayments, lower interest rates, and cheaper closing costs. Getting worried? If you’re a first-time buyer … or live in a high-priced region of our country … maybe you should be.   As of April 1st and after … there are many things in play

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Los Angeles Homeowners – Lower Your Monthly Mortgage Payments

If you are thinking about buying a home in Los Angeles or you are already a Los Angeles homeowner, there is a way for you to lower your monthly mortgage payments without going the refinance route. Lowering your monthly mortgage payments can be accomplished by recasting or re-amortizing your loan. What is recasting your loan?

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