JVM’s Blog

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Latest Articles

Are We In A Housing Bubble?

The four most dangerous words in real estate: “This time it’s different” 😊 I stole that from a recent Planet Money Indicator Podcast about a potential housing bubble (it’s only...

May 10, 2018 2 min read
bubble-floating-in-front-of-house

Wanna Get Rich? Get Bad Grades

Heejin and I attended a Strategic Coach event last week, and what I love most about these events is meeting so many successful entrepreneurs who closely follow Dan Sullivan’s teachings […]

May 9, 2018 3 min read
test-fail-grade

“Appraisal Management Companies” Explained. Why It’s So Important!

Every mortgage lender is required by law to order every appraisal through an Appraisal Management Company (AMC). AMCs maintain large pools of licensed appraisers who are randomly chosen to appraise...

May 7, 2018 2 min read
appraisal management companies explained

Amazing Facts About Teams & Culture

TEAM CULTURE IS EVERYTHING! If you are part of a team of two, ten or thirty people, you need to know that culture is everything! The reason? Companies with strong […]

May 4, 2018 3 min read
team-strategy-playing-chess

WSJ: “Facing a Bidding War?” LOCAL is Better; Concerns About Double App’ing

The WSJ recently featured an article called Facing a Bidding War? Why a Local Mortgage Lender May Offer an Edge. (If you’re not a WSJ subscriber, we are happy to […]

May 3, 2018 2 min read
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How To Lower Debt Ratios To Qualify For More

I explained what debt ratios are and how they work in a recent blog. But, I did not explain what borrowers can do to lower them. Here are a few […]

May 2, 2018 2 min read
suburban-tan-home

Fast Closes In Slow Markets; Internal Appraisal Panels; We’re VERY Multilingual!

FAST CLOSE IN SLOW MARKET, WITH RENT-BACK One of our most successful buyer’s agents recently got her offer accepted by offering our 14 day close, even though the seller wanted […]

April 30, 2018 2 min read
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“No Points” “No Cost” “No Fees” = Higher Rates – ALWAYS

NO FREE LUNCH IN LENDING Real estate firms are constantly trying to get into the mortgage arena b/c they think it is easy money, and b/c they already have a […]

April 27, 2018 2 min read

The High Risk of False Assumptions

WONDERFUL STORY FROM TWITTER I read a wonderful story on Twitter last week. The author of the series of tweets was a grad student named Thomas who sat in the […]

April 26, 2018 2 min read
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Your Lender Is A Reflection On You; Multiple Credit Inquiries OK!

A Few Important Reminders: We were speaking at a Realtor training seminar this week and the leader of the group told a story about losing a valuable client and tens […]

April 25, 2018 2 min read
house-reflection-on-water

Minimum Income To Qualify For Various Price Points; Realistic Goals

Realistic Goals Based on Income and Down Payment Parameters One of the primary jobs of our Mortgage Analysts is to ensure borrowers have realistic home-buying goals. For example, a buyer […]

April 23, 2018 1 min read
minimum income to qualify for various price points

Just Make Biscuits

I wrote this blog last July and recently came across it. With so much going on right now in the tech, real estate, mortgage and geo-political realms, I think it […]

April 20, 2018 2 min read
baker-holding-bread

Higher Paid Staff = More Freedom, Better Team, Better Company

MOTORCYCLE TRIPS AND FREEDOM My brothers, sons, nephews and I take a motorcycle trip every summer. As an aside, my three brothers and I all own and run our own […]

April 19, 2018 3 min read
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Condo vs. Single-Family Home; $400 of HOA Fees = $70,000 Of Purchase Power

$380,000 CONDO vs. $450,000 SINGLE-FAMILY HOME What has a higher payment? A $380,000 Condo with $400 in HOA Fees? Or A $450,000 Single-Family Residence with NO HOA Fees? Answer: The […]

April 18, 2018 2 min read
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