What is a Blanket Mortgage, and Who Should Get One?
A blanket mortgage is a single mortgage that covers multiple different properties. The group of assets serves as collateral for the loan. Many real estate developers and large investors often purchase more than one property at a time and a blanket mortgage allows them...
The Reason Jumbo Mortgage Rates are Lower
A jumbo mortgage is one that loans out a larger amount of money than the highest amount allowable to loan out for a conforming or conventional loan. Currently, jumbo mortgage interest rates are at a 25 year low and their current rates are even lower than traditional...
New Jumbo Loan Mortgage Only Available in California
There are some great new Super Jumbo Loans available in California only, making purchasing homes at higher California price points more accessible to buyers. Read on to learn more about jumbo loans and super jumbo loans and the terms of these great new loan products....
Why Lenders Offer Different Mortgage Interest Rates to the Same Applicant
If you are one of the few potential home buyers that shop for a loan among several different lenders, you may have noticed that they do not all offer the same interest rate. In fact, the “costs” of each loan can differ greatly from one mortgage loan to the next. Why...What is a Second Mortgage?
A second mortgage, which is sometimes called a junior lien, can be an option for turning your equity into available funds without having to sell the home. A second mortgage will increase your debt amount. It is considered a second mortgage because if the home should...
Welcome to my Blog!
Here you’ll find tips, updates on mortgage laws and changes that can affect your loan or approval. Check back often for more great ideas.