November 25, 2017

Why mortgage rates aren’t higher … yet

Mortgage rates will rise in 2014. At least that was what just about every housing analyst said at the end of 2013 and in fact is still saying. The thinking was that a combination of new mortgage regulations and a pullback in bond-buying by the Federal Reserve would be the rocket fuel to lift … [Read more...]

Amazing Rates

Rates are amazing today.  I mean Really Amazing!  It just might be the best time to purchase a home in 30 years.  Home prices are relatively low, interest rates are so low that I keep pinching myself to make sure I'm not dreaming, and despite what misinformation you may have read elsewhere, it's … [Read more...]

Today’s mortgage rates

Ever wonder why you get drastically different rate and fee quotes when you call around to shop for interest rates?  Well, this may come as a shock, but rates and fees aren't all that different from one lender to the next.  Furthermore, it is illegal for a loan officer to make their commission based … [Read more...]

Countdown to September 30th Loan Limit Changes

I can almost certainly promise you that the world won't end on September 30th, 2011.  What will end is the ability for a homeowner in San Diego County to borrow up to $697,500 on their 1 unit residence under Fannie Mae guidelines.  As expected the temporary Federal Housing Finance Agency (FHFA) … [Read more...]

Changes coming could affect the interest rate you pay

Fannie Mae changes coming in an August 2011 announcement may restrict the maximum amount you can borrow under certain loan programs.  Depending on your purchase price range or size of loan you want, these changes could affect the interest rate you pay over the life of your mortgage. The Federal … [Read more...]

FHA vs. Conventional

I find there is a lot of confusion about the difference between FHA and Conventional loans and when it's best to go with one over the other. There are hundreds of guidelines specific to each type of financing, and it's best to have a conversation with your lender and discuss what is important to … [Read more...]

It’s easy to be prepared

What documents should you have handy when you start emailing and calling about homes you see on-line, in the newspaper, etc? Being prepared means to know where to quickly access clear, un-coffee-stained copies of your most recent pay stub, your most recent W2, and the most recent bank statement … [Read more...]

Home buying process

Today's post is going to be a brief summary of what to expect when applying for a loan.  The idea is to break it down so that the process doesn't seem so daunting. It's really not that difficult. If you are working with a good mortgage professional, someone with fantastic attention to detail and … [Read more...]

The 20% Down Myth

"How much money do I need for a down payment to buy a house?"  I usually answer that question by asking two questions of my own. (Don't you just hate it when we do that?) First, "How much do you have saved right now?" Second, "What is a comfortable payment for you?" (Notice I didn't ask, … [Read more...]

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