Your Trusted Guide for Mortgages & Real Estate
On Saturday night my wife Heejin and I had a wonderful date at an outdoor Italian restaurant. The food and weather were perfect, and the ambiance was even better with […]
In Friday’s Blog, I mentioned how we were losing Appraisal or Property Inspection Waivers (PIWs) b/c of the fires in NorCal, but I made an error. Underwriters are not always […]
Here are a few quick updates/reminders. APPRAISAL WAIVERS – NO MAS IN “FIRE AREAS” (Re-inspections too) We have been getting far more appraisal or property inspection waivers (PIWs) over the...
A pre-approval is a requirement to buy a home. Most realtors, and sellers, will not even go through the negotiation process with a potential buyer if there is a chance the mortgage could be denied.
LIFE AFTER BANDWIDTH – HIGH-END HOUSING SURGE There is a property near my home that was recently listed for $2.1 million; it immediately got multiple offers and will sell for […]
“The average rate posted on Bankrate.com for a 30-year fixed refinance mortgage was 3.39% Monday, well above the 3.14% on offer for a purchase mortgage, according to the personal-finance...
A few weeks ago, I blogged about why we are not seeing more foreclosures despite our severe recession and a huge number of delinquent borrowers. The reasons include: (1) borrowers […]
As I mentioned yesterday, Fannie Mae and Freddie Mac imposed a new fee of 1/2 point, or 50 basis points, on all refinance loans – catching the entire mortgage world […]
1.99% – YAY!!!! OR NOT…. (LOOK AT THE FEES) Several lenders were touting their 1.99% interest rates recently, and we were getting emails from agents and borrowers alike asking about […]
Rates are about 1% lower than where they were last year at this time, as most people know. This enormous rate-reduction appears to be a huge boon for homebuyers, as […]
Here is the link to Freddie Mac’s Mortgage Interest Survey Data. I recommend sharing this link often b/c it is one of the best sources available to see where interest […]
There are lots of home loan types to consider when buying a home in California or Texas. It makes sense that first-time homebuyers tend to feel confused and overwhelmed. So let's simplify things....
Every year my sons, nephew, brothers and I embark on several motorcycle excursions that are more like field trips than vacations b/c all we do is stop everywhere and chat, […]
I read recently that the median single-family home price in Marin County, California is almost $500,000 more than the median condo price. So, condos are way cheaper, right? Not always, […]
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