HECM – The Reverse Mortgage With Literally No Drawbacks
I’m serious… there are really no downsides to the HECM reverse mortgage. I know some of you are going to say, sure, I’m a loan officer, I’m naturally going to say that, but honestly, this program has got a bad rap and I’m not exactly sure...
Interest Rates are still Historically low – 2018!
Good News! Interest Rates are Still Historically Low- 2018! Take a look at this chart below… for those of you panicking because interest rates will eventually hit 6%. Please realize that we are still way below the average rate of the last 47 years at 8.35% If...
How Does the New 2018 Tax Plan Affect Homeowners?
Many Americans are on edge wondering what this new tax plan may entail and how it will affect them personally. California homeowners especially are curious, and some are a bit anxious as to how these new laws affect homeownership and the real estate market in...
How Many Smoke Detectors and CO Alarms Should a House Have?
How many smoke detectors and CO detectors should a home have, and where should they be located in order to pass appraisal? This is a very common question and we’ve been getting a lot of them lately, specifically because homeowners may not understand what they...If Mortgage Rates Rise Will Home Prices Drop?
In a recent article published by Freddie Mac stated the impact the projected rise in mortgage rates might have on the housing market. We often assume that an increase in mortgage rates will cause a slow down in real estate purchases, which in turn, may lead to a drop...
5 Financial Perks of Being a First-Time Homebuyer
If you’re going with the idea of buying your first house, you’re probably doing some research on the financial side of it. Most of us don’t have the cash to purchase our first home so we are looking at financing. This is probably one of the biggest...Who Pays Closing Costs on a Home?
Who pays for closing costs when you purchase a home or when you sell a home all depends on what type of loan the buyer is getting. First-time buyers are often shocked when they realize how much closing costs can actually be. Closing costs are the various fees,...
How Do I Increase My FICO Score?
FICO is different than that unknown entity that seems to take money from your check each week (FICA – an Acronym for Social Security). Your FICO score is a credit score provided by one of the major credit agencies in the U.S. This is the main score lenders and...Are You Ready to Buy a House Together?
Together… that may be a new word for you and now your SO (Significant Other)… but if you’ve decided that “together” is what you’re going to be you might also be wondering if buying a house together is a good idea or not. Together...
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.