Tag Archives: mortgage

Rates drift lower to levels not seen since October 2016, survey says.

Hope your week is off to a great start! Some good news here about mortgage rates…according to the latest survey of average rates released by Freddie Mac, both the 30-year and 15-year continued to drift lower last week to levels not seen since October 2016. Even with Friday’s stinker of a Jobs Report, unemployment remains

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Mortgages for the Rest of Us

Having a traditional W-2 income job is great for qualifying for a traditional mortgage but the truth is that it’s becoming more and more rare in our modern economy. And fortunately for the many of us without traditional W-2 income jobs, the mortgage industry is slowly catching up with the times. Would-be homebuyers that have

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Spring & Summer Housing Market Shaping Up to Be Better than We Thought

You may have heard news headlines over the past month or so that mortgage rates have been rising. If this has you worried about your plans to buy a home over the next few months, let’s talk facts. The truth is that yes, rates have risen, but only slightly, and they remain lower than they

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Understanding Your FICO Score So You Can Buy a Home

So often I hear from first-time homebuyers that they are either unsure or downright scared of their credit score and what it might be. Well, in this article I want to demystify it all for you so that we can chase away that uncertainty and fear away with knowledge. We’re going to go through what

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What you need to know…Housing Heating Up, Rates Trending Lower…for now

All you need to know about the latest mortgage rate and housing trends The stock markets are trending toward a little more safety and conservatism since the last Fed Meeting where the Members expressed some concern over the prospect of slowing growth in the economy. Yet, the economy is still cranking out new jobs and

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New Trend for Mortgage Rates

New Year, New Trend for Rates

Shutdown Strategy Well, hello there! Happy New Year and welcome to 2019. Yes, I know we’re quite a ways into the month but I wanted to pop in and offer you a look at the markets and how we’re ‘strategizing’ for our clients around this government shutdown. (No worries…this is still a ‘no politics’ zone;)

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Reverse Mortgage Update: It was almost too late for these clients

Recently I got a call from and 85-year old client that needed my help. She didn’t have money to buy groceries. Wow, it’s not often that I’m called on in these types of situations, but I was glad to help her. But, how did she get into such a bad situation? Her husband had passed

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What to expect in Q4 for Markets and Mortgage Rates

Well, here we are…in October! We’ve turned the page to a new season and a new quarter. Now that the peak home buying season has cooled, like the crisp, fall air, I thought it would be a good time to share with you some of my thoughts on what’s happening in the markets and what

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How Long it Takes: Mortgage Loan Process Demystified

One of the first questions borrowers ask me when we’re beginning their mortgage application is “how long is this process going to take?” If you’ve wondered the same thing as you consider buying your first home, or your next home, here’s a simple, easy-to-understand rundown of the loan process so you can see about how

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House Down Payment Options

Think you need 20% down to buy a home? Think again.

The time has come…you’re ready to do some adulting and buy a home, settle down, spend Saturdays at Home Depot, maybe even lay down some tile somewhere. But there’s just one problem, you’ve got to save a huge pile of cash for the down payment because, after all you are a first-time homebuyer in California.

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