JVM’s Blog

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Are Lot Splits After Purchase Allowed? Cross-Collateralizing 10 Properties For One Loan

Will my lender allow me to split my lot after I purchase? This is another question we frequently hear from borrowers who buy homes with large lots or who buy homes in areas where cities and counties...

March 27, 2024 3 min read
Are Lot Splits After Purchase Allowed Cross-Collateralizing 10 Properties For One Loan

Awful Disease Severely Impacting Mortgages and Real Estate! (It’s Worse Than You Think)

The disease is called Gell-Mann Amnesia and it is costing you far more business and goodwill than you can possibly imagine. And worse – we ALL suffer from it! I will explain why, but I want to...

March 25, 2024 4 min read
Awful Disease Severely Impacting Mortgages and Real Estate! (It's Worse Than You Think)

Residential Financing for Commercial Property? BEWARE of Closing Cost Credits!

A borrower almost left us recently for another lender that was offering a $1,000 credit for closing costs – because … WOW! $1,000! BUT.. that lender also offered that same […]

March 22, 2024 3 min read
Residential Financing for Commercial Property BEWARE of Closing Cost Credits!

Fed Promises 3 Rate Cuts This Year – But WHY? (Very Confusing Message)

The Fed held the Fed Funds Rate steady yesterday – which was no surprise. The big surprise was that it announced that we’d see 3 rate cuts this year – […]

March 21, 2024 3 min read
Fed Promises 3 Rate Cuts This Year – But WHY (Very Confusing Message)

Why Fed Chair Powell Is TERRIFIED of Arthur Burns! (Why Powell Will Not Cut Rates Now; Why He Will Cut in June)

Jerome Powell is terrified of having an Arthur Burns legacy. So, he’d much rather push the U.S. into a severe recession than risk cutting too soon – and re-igniting inflation. Yes, recessions and...

March 20, 2024 3 min read
Why Fed Chair Powell Is TERRIFIED of Arthur Burns! (Why Powell Will Not Cut Rates Now; Why He Will Cut in June)

NAR’s Settlement – May Be Great News For Agents! (Except for the Civil War Part)

Everyone (and I mean EVERYONE) has been in a tizzy over NAR’s settlement of the Sitzer/Burnett (Broker Commission) case. But – it may actually be good news for many brokers and agents – and I...

March 18, 2024 4 min read
NAR’s Settlement – May Be Great News For Agents! (Except for the Civil War Part)

Two Biggest Economic Crises The World Is Facing Involve Real Estate!

The two biggest risks facing the world today involve real estate. It is ironic because this blog is all about real estate and why I love it so much as an asset class. But, this blog focuses on U.S....

March 15, 2024 5 min read
Two Biggest Economic Crises The World Is Facing Involve Real Estate!

LOs Can Quote ANYTHING When You’re Not In Contract; Owner-Occupancy Fraud Alert! Hot Inflation = Higher Rates

We lost a borrower during the pre-approval stage to another loan officer (LO) who quoted an “estimated” interest rate that was 1/4% lower than ours. We tried to explain to the borrower that LOs...

March 14, 2024 4 min read
LOs Can Quote ANYTHING When You're Not In Contract; Owner-Occupancy Fraud Alert! Hot Inflation = Higher Rates

Everyone You Know Is Rich & That’s Why You’re Confused

To be in the top 10% of the wealthiest Americans, you only need a net worth of $854,00, per Yahoo Finance (this is pretty much everyone who owns a home in CA). The top 5% have net worths of $1...

March 13, 2024 4 min read
Everyone You Know Is Rich & That's Why You're Confused

FHA Vs. USDA Home Loans: Which Mortgage Is Better For Buying A Home

As a first-time homebuyer with limited savings for a down payment, navigating the world of mortgages can be daunting. Thankfully, there are options available to help low-to-moderate income borrowers...

March 13, 2024 11 min read
FHA Vs. USDA Home Loans Which Mortgage Is Better For Buying A Home

Will Biden’s Housing Assistance Plan Help Housing?

My son and I recently visited a fast-food restaurant in CA’s Central Valley where the new minimum wage laws ($20 per hour starting in April) had been implemented – and […]

March 11, 2024 4 min read
Will Biden's Housing Assistance Plan Help Housing

How Much Down Payment Do You Need For A $300k House?

Figuring out how much of a down payment you need to buy a $300k house can be overwhelming. This guide will break down your down payment, income needs, and everything in between so you can start your...

March 9, 2024 9 min read
Family buying a new house; parents and children hugging and having fun standing in front of their new house

Beware of False Employment Reports! Their Impact Is Only Temporary

Hot jobs reports can push rates way up, but they should not be trusted. The actual data surfaces sooner or later, and rates adjust back downward. Sometimes it takes a day or two, and sometimes,...

March 8, 2024 3 min read
Beware of False Employment Reports! Their Impact Is Only Temporary

Illegal/Commercial Use Of Property Is NOT A Deal Killer As Long As…

Illegal/Commercial Use Of Residential Property We once financed the purchase of a home that was being used as an office for a large paving and concrete contractor. He had a […]

March 7, 2024 3 min read
Illegal/Commercial Use Of Property Is NOT A Deal Killer As Long As…
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