#mortgages
Every Field Note tagged #mortgages. 58 posts · page 1 of 3.
← Back to all Field NotesOne Thing You NEED To Know Before Pursuing Down Payment Assistance
One Thing You NEED To Know Before Pursuing Down Payment Assistance Down Payment Assistance programs (or DPA’s) are similar to a lot of great ideas, they sound great in theory but as you start to…
Expect Mortgage Rates To Keep Rising This Year, Says Freddie
by Ryan Smith | 17 Mar 2017 Mortgage Professional America | www.mpamag.com Mortgage rates were up for the second consecutive week this week – and originators should expect that upward trajectory…
What Happens To Home Buying Power As Rates Rise?
By Eric J Martin of The Mortgage Reports Originally posted on November 21, 2016 Mortgage Rates’ Profound Effect On Affordability The mortgage interest rate you find plays a large part in how much…
2017 County Loan Limits
2017 County Loan Limits 2017 County Loan Limits are up! Over the past couple of years our loan limits were set as follows: $417,000 for a conforming loans, and $580,750 for what is typically…
The Skinny on Mortgage Insurance
The Skinny on Mortgage Insurance Did you know that any time you put less than 20% down, loans will carry some form of Mortgage Insurance? This is true for all loans except for VA Loan products…
FHA for First Timers Only?!
FHA for First Timers Only?! Think FHA is for first time home buyers only? Think again. FHA is a great loan option for people with low down payment, recent major derogatory events, and those who…
Need 20% Down? Nope
Need 20% Down? Nope Think you need 20% Down to buy a home? Think again. And I’m not talking FHA here people, I’m talking conventional loan products. So if you’ve been stashing away cash to save…
Rent Your Pad on AirBnB? 3 Things You Need to know Before You Refi
Rent Your Pad on AirBnB? 3 Things You Need to know Before You Refi 05/02/2016 Renting your house or condo out on AirBnB is a great way to bring in a little extra cash to help pay for the mortgage…
The New Update You Need To Know About Your Hero Loan
The New Update You Need To Know About Your Hero Loan Hero Loans were a great idea when they came out. They still are. But like most things, they don’t always go according to plan. Recently I…
FHA vs Conventional – What’s Right For You?
FHA vs Conventional – What’s Right For You? There are a few key differences in FHA and Conventional Financing, and it can be tough to know what the right option is for you if you’re putting less…
Time to Update Your Pre Approval
Time to Update Your Pre Approval Most of you who have been out there shopping for a little bit, are most likely shopping on a pre-approval based off 13′ and or 14′ taxes. Well now that the 2015…
Rate Shopping – 2 Things You Need To Know
Rate Shopping – 2 Things You Need To Know Scott Van Vugt here at the GreenHouse Group, and if you are out there comparing rates I have 2 things you need to know before making a decision. If you…
Taxes – What You Need To Know Before You File
Taxes – What You Need To Know Before You File Looking to buy a home, or looking to Refinance the one you got? Lenders have a different way at looking at expenses on your taxes, and I’ll tell you…
2016 Changes in Lending
2016 Changes in Lending Well here we are at the beginning of another wonderful year, and this year just like last year, we are seeing the county loan limits go up for San Diego county. The High…
Rocket Mortgages Crash Land
Did you see the commercials? They were in heavy rotation during the divisional round games of the NFL playoffs and again during the conference championship games yesterday. The Rocket Mortgage…
Longer Escrow Periods Starting…NOW!
Even if it’s your first time buying a home, you probably know a thing or two about the process and timelines and like most folks, you would expect about a 30 days escrow, correct? While that was…
Fewer Than 1% Of People Pay Off Their Home Loan Early
There are so many services offered these days that you can literally outsource your life. All you have to do is look at the capability of your smart phone to know we’re living in an amazing time…
Google Could Be Your Next Mortgage Broker
By Kathryn Vasel of CNN Money money.cnn.com The tech giant launched Google Compare for mortgages on Monday that will allow potential home buyers to find and compare home loans. When looking to buy…
Budgeting For Closing Costs
I came across some great information for prospective home buyers regarding the closing costs needed when buying a home. According to Pat Setter over at the Union Tribune, “Closing costs are an…
Why Is Escrow Shorter For All Cash Buyer’s?
I recently had clients who were asking me why the escrow period is shorter for their parents who are buying a home than from when they were buying a home and the answer to that is simple: NO LOAN…
New Changes With FHA That Might Change Your Pre-Approval!
New Changes With FHA That Might Change Your Pre-Approval! FHA has recently issued a number of changes on their existing guidelines. This means they’re going to look at things like income a little…
Why TRID Is Going To Extend Your Escrow!
Why TRID Is Going To Extend Your Escrow! That’s right. TRID is coming and it’s going to extend your Escrow process. Now most of you are probably thinking, “I don’t know what this TRID nonsense is…
Help! My Appraisal Came In Low…
After agreeing on a purchase price and getting into escrow, many of my clients have questions about the appraisal. What if it comes in high? What if it comes in low? Who pays for the appraisal?…
Major Derogatory Credit Waiting Periods: You Might Be Closer Than You Think…
Major Derogatory Credit Waiting Periods: You Might Be Closer Than You Think… If you’ve recently been through a major derogatory credit event, and by that I mean; Bankruptcy, Foreclosure or Short…
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