tag:blogger.com,1999:blog-62719648887839887742024-02-02T08:46:29.370-08:00Loan NotebookInsights and ideas on the best way to own and mortgage your home from Mortgage Advisor and Originator, David Pemberton.Unknownnoreply@blogger.comBlogger11125tag:blogger.com,1999:blog-6271964888783988774.post-17303179998002663872017-03-14T14:17:00.005-07:002017-03-14T14:25:18.550-07:00Credit Score Factors SimplifiedYour credit score can have an impact on your financing options and the cost of the financing you choose depending on the loan program, the purpose of the loan request (purchase/refinance/cash-out refinance) and the disposition of the subject property (owner-occupied, secondary residence, investment). The infographic below illustrates the 5 factors that determine your credit scores (the mortgage Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6271964888783988774.post-68353675641123323072017-02-22T15:29:00.000-08:002017-02-22T15:34:54.840-08:00Mortgage Rate Talking Points 02/2017
After testing their all-time lows in July, rates trended higher during the latter part of the Presidential campaign season then rushed to new 18 month highs immediately following the election.
Bond investors are increasingly wary (some are convinced) that the DECADES-long trend to lower rates is now over. While confirmation of this is impossible, market psychology is defensive in Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6271964888783988774.post-87982251212160736522017-02-06T16:34:00.001-08:002017-02-06T16:34:38.825-08:00Tax Benefits Play a Large Role in Wealth of CA HomeownersEveryone knows there are benefits, including tax savings, when you own a home rather than renting. As far as the tax benefits, however, most people aren't exactly sure what they are, how much they are worth, and how to take advantage of them. Here is a quick review with details that may help.The MAJORS- these are the tax benefits that can save homeowners huge amounts of money.1. Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6271964888783988774.post-54408327320549263672017-01-20T17:44:00.002-08:002017-01-22T11:11:13.136-08:00The End of Low Rates?
The biggest year-end story in real estate was undoubtedly rising mortgage rates. Rates bottomed in July and rose slowly until the election when they went ballistic with one of the steepest rises we have seen in the past 8 years. Whenever we get an outsized move like that there is a lot of anxiety. Many people are projecting much higher rates this year and anUnknownnoreply@blogger.com0tag:blogger.com,1999:blog-6271964888783988774.post-49322760454385469262017-01-20T17:43:00.001-08:002017-01-22T11:12:29.075-08:00Looser Loan Guidelines and ALT Programs
A theme that is picking up steam recently is the easing of credit/underwriting guidelines and the emergence of new loan products. This is tracked in part by the index below and something concrete we see over time here in the office. Broadly, conventional, FHA and Jumbo loans are becoming more accommodative with various guidelines that may benefitUnknownnoreply@blogger.com0tag:blogger.com,1999:blog-6271964888783988774.post-41982471801420599572017-01-20T17:40:00.000-08:002017-02-22T15:34:20.243-08:00Where are Rates, Really?
Where do homebuyers get information about mortgage rates and how accurate is it? More than likely from the news media, whether in print, TV, radio or the internet. When we hear about mortgage rates from these sources they are most likely citing the weekly mortgage rate survey published by Freddie Mac each Thursday called the Primary Mortgage Market Survey (PMMS). This Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6271964888783988774.post-73954275646634611262017-01-20T17:37:00.004-08:002017-01-22T11:14:01.907-08:00How Little Down for How Big a Purchase?
Let's face it unless someone is selling a house with lots of equity for an up-leg purchase, making a sizable down payment may not be an option. The government has long recognized that accumulating a down payment is the primary barrier to homeownership and has developed loan programs with lower down payment requirements to make Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6271964888783988774.post-59908341164217216532016-04-27T12:31:00.001-07:002016-04-27T12:36:32.280-07:00Stop worrying, buy a houseNot to say that owning a home will melt all of your worries away, but as Gallup surveys have consistently found over the years- renters worry more about their housing expenses than homeowners do.
Link to full Gallup Survey
I am lucky to be a homeowner for a couple of decades now, but I can still remember the two nagging worries that I had as a renter. At the top of the list was Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6271964888783988774.post-12895292693462447142013-08-07T17:26:00.002-07:002013-08-07T17:26:33.150-07:00Upbeat about Housing Despite Higher Rates
Fannie
Mae recently published the results of their National Housing Survey
taken during the month of July. The National Housing Survey has been
conducted monthly for the past three years, beginning in June 2010. The
current survey is interesting as it reflects the attitudes of renters
and homeowners now that they have had time to acclimate to the quick
rise in interest rates Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6271964888783988774.post-77461964028330165762013-02-11T20:11:00.001-08:002013-02-13T12:43:26.156-08:00
FHA Mortgage Insurance Revisions for 2013
You
may have heard some chatter near the end of last year about additional
changes to the mortgage insurance structure for FHA Loans. While we had
some hints that the changes would be a net negative for FHA borrowers,
it was unclear as to the scope and the timing of the changes until now.
The
good news is that there is still some time Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6271964888783988774.post-63893064249167459252011-07-22T10:47:00.000-07:002014-01-22T15:50:31.349-08:00Mortgage Banker, Mortgage Broker, which is best?
When you get a mortgage there are two possible retail origination channels that your loan can be funded through, a mortgage banking channel or a mortgage broker channel. The mortgage broker channel has taken a lot of heat over the past several years for delivering a lot of the 'toxic' mortgages which contributed to the housing crash of 2007. The truth is that both rogue Unknownnoreply@blogger.com1