New Program Announcement: “Cash Compete” Loan
Have you lost out on a home because the seller chose an all-cash offer over yours? It can be quite frustrating, but one of my lenders is now offering a solution, called the “cash compete” loan. This will allow you to offer all cash on a property you would like to...What Can I Do About Rising Interest Rates?
Well, unfortunately, they are currently a reality. For many people just entering the housing market and considering buying, it’s a little easier since this is where interest rates are now and that expectation has been set. For those that were preapproved a few months...Exciting Announcement!
Every year, the esteemed Scotsman Guide honors the nation’s top-producing residential mortgage originators. This year, I am graciously excited to receive the 2022 Scotsman Guide Top Originators Award! I qualified as a top mortgage broker, by most loans closed, and by...Petition to Repeal Proposition 19
California voters voted “yes” to Proposition 19 in November 2020, but there is an active petition to repeal it; if you are interested in adding your signature and are a Santa Clara County voter, please reach out to me by April 8th. I believe that most voters read the...What Does It Mean to “Recast” Your Mortgage?
Just in the past week, I have had two clients approach me to check on interest rates and if refinancing makes sense since they now have an influx of cash from a rental property sale. For both of them, their goal was to pay down their primary home’s mortgage with the...Higher Rates for Vacation Homes and High-Balances Mortgages Are Around the Corner
The Federal Housing Finance Agency (FHFA) has announced that pricing of interest rates for vacation homes and high balance loans will be increasing. The implementation date of these increases will be April 1, 2022, which means lenders are starting to roll the...Interest Rates are Rising
Well, we knew it wouldn’t last forever. Rates in the high 1% (10 or 15 Year Fixed) and 2% range quickly have become a thing of the past. There are two main reasons for this: Rising InflationThe Federal Reserve started tapering its mortgage stimulus program, with the...Introducing a New Low-Income Refinance Program
Have you tried to refinance in the past year or so into historically low interest rates, but did not get approved because you didn’t qualify due to low income? It’s so disheartening to know you can save so much money, but don’t fit within...What is the Difference Between Fannie Mae and Freddie Mac?
Most people have heard of Fannie Mae and Freddie Mac, and usually in conjunction with one another. And if you have ever received a home loan, it is highly likely that your loan is or was owned by one of these two government-sponsored enterprises. Fannie Mae and...Loan Calculator
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