Should You Pay Off A Mortgage Or Invest?

The choice between investing and paying off your mortgage can be difficult. Wanting to reach your financial goals but not knowing which is better is a common challenge. Buying a home can be exciting and stressful and the idea of being in debt for 30 years to pay off your mortgage may seem daunting. Because […]Read More

5 Reasons To Use A Local Bay Area Mortgage Company

Are you interested in applying for a mortgage in the Bay Area? If so, where are you planning on getting the loan you need? Nowadays homebuyers have lots of available options for home loans. There are many advantages to using a local mortgage company instead of a national lender. Here are five reasons to use […]Read More

Explaining The Basics of Refinancing A Mortgage

There are many possible benefits to refinancing your home mortgage. You may have heard from friends or neighbors who have already refinanced about some of the various advantages connected to refinancing your mortgage. For instance, refinancing can lead to a lower mortgage payment, a quicker timeline for paying off your mortgage, a lower interest rate, […]Read More

Real Estate Definitions: The Right To Cancel

Your Right To Cancel A Loan Here is one of a few real estate terms you should know if you are receiving a loan. The Federal Truth-in-Lending Act allows three days for homeowners who are refinancing, to reconsider a loan during which they can cancel their refinance without penalty. The Right to Cancel protects homeowners […]Read More

7 Advantages Of An Open Floor Plan For Your Home

An open floor plan concept can make a drastic change in the visual aesthetic and usefulness of the home. This layout has recently become more popular among homebuyers and homeowners. Modern homes are no longer divided into separate small rooms; instead, a wide-open floor plan is trending. With an open floor plan, there is a […]Read More

5 Things To Consider When Buying A House

These are 5 things every homebuyer should consider when buying a house in California and Texas. 1: INSIGHT INTO CURRENT MARKET CONDITIONS According to recent data from Zillow, the median home value in California is $578,267. Over the last year, home prices increased by 4.4% and are expected to fall by 1.1% in the next 12 […]Read More

What do FHA appraisers do during property appraisals?

FHA loans are currently one of the most common mortgage financing choices among homebuyers in California and Texas. FHA loans are supervised by the Department of Housing and Urban Development (HUD). Because of this, HUD defines all of the regulations for FHA loans in California, including home inspections and appraisals. While many believe the opposite, […]Read More

How To Fund DIY Home Projects With A Refinance

Whether you’re selling your home or just making small improvements many homeowners consider tackling DIY home projects. The list of home projects may include updating your hardwood floors. While this renovation may seem intimidating, here are five reasons hardwood flooring should be a top priority for every homeowner. 1. STRUCTURAL INTEGRITY If you’re preparing to […]Read More

Credit Score Factors: How To Establish And Improve Credit

In today’s economy, many people are uncertain about the process of securing a home mortgage loan. Questions can vary from credit score concerns, to down payment amounts, to picking the right type of loan. When starting this process, being prepared can be your best asset and JVM’s Client Advisors can help ensure your preparedness. While […]Read More

7 Ways To Increase Your Home Value

Everyone wants to increase the value of their home, but many are stumped by where to start. We’ve included practical tips and tricks to inspire you to create a plan today. Congratulations! You’ve just purchased a home and made one of the largest purchases of your life. Within the walls and roof surrounding you are […]Read More

What To Do (And Not Do) During The Mortgage Process

When applying for a mortgage or refinance there are several things a borrower can do to make the mortgage process more successful. There are also actions that should be avoided during the loan process as they can slow down or inhibit a borrower’s ability to get a home loan.  Once a loan application and documents […]Read More

What’s The Minimum Down Payment In The Bay Area?

When applying for a mortgage loan, clients must indicate a proposed down payment. The question for so many in the Bay Area is what the minimum down payment amount necessary is.  Homebuyers in California have several options when it comes to the size of their down payment. The minimum amount required varies from one mortgage […]Read More

How Much Does It Cost To Buy A House In Texas?

Given that house prices and mortgage rates change over time, many homebuyers wonder, “how much does it really cost to buy a house in Texas?”. According to the research done by real estate market experts at Zillow, the median home price in Dallas is $226,145. This shows an increase in Texas real estate markets over […]Read More

How Much Does It Cost To Buy A House In California?

Given that house prices and mortgage rates change over time, many homebuyers wonder, “how much does it really cost to buy a house in California?”. According to the research done by real estate market experts at Zillow, the Bay Area’s median home price is $1,141,029. This shows an increase of 3.1% over the past year. […]Read More

4 Reasons Why Homebuyers Should Get Pre-Approved Before Looking For A Home

Many California and Texas homebuyers should get pre-approved before looking for a house to make their offers more competitive. The California and Texas real estate markets are in high demand, with a lot of competition for limited inventory. Homebuyers who have a mortgage pre-approval are able to compete better in hot housing markets. WHAT IS […]Read More

Is The Mortgage Application Challenging For California And Texas Homebuyers?

The mortgage application has been rumored to be extremely challenging for California and Texas homebuyers to navigate and  get pre-approved. The app is very straightforward for homebuyers with a sensible credit score (620 or higher for conventional loans) and evidence of their income and assets.  The mortgage application is more demanding today than it once […]Read More

Homebuyers Use Less Than 20% For Down Payment On Home

According to recent data, more than half of all homebuyers in California, Texas, and nationwide make their down payment with less than 20% when purchasing a home. This is additional evidence to discard the myth that homebuyers must put down 20% to be eligible for a mortgage loan. OVER HALF OF ALL HOMEBUYERS PUT DOWN […]Read More

How to Get a Low Down Payment: A Guide for Borrowers

For many homebuyers, the down payment is the most significant obstacle on the road to homeownership. This is why so many homebuyers are looking for mortgage loans with low down payment options when purchasing a home. We’ve outlined a few of the ways borrowers can get a low down payment and how they may be […]Read More

What Is The Mortgage Process Like In California?

When homebuyers in California are considering taking out a mortgage or refinancing their house, they can feel overwhelmed by the seemingly complicated loan process. The mortgage process can be easy to navigate if homebuyers understand these five key steps. STEP 1 OF THE CALIFORNIA MORTGAGE PROCESS: IDENTIFY NEEDS Before homebuyers can secure financing, they need […]Read More

What Is The Best Mortgage For First-Time Homebuyers In California?

Many first-time homebuyers in California may be unfamiliar with the various mortgages available. First-time homebuyers in California have many mortgage financing options available to them. There are numerous pros and cons to every kind of loan; working with a reputable mortgage lender, like JVM Lending, is the best way to determine which type of loan fits your […]Read More

VA Loans in California – Our Top 5 Most Common Questions

VA loans are a great loan product for eligible veterans and active-duty members, mainly because of the zero down payment option. VA loans also have less stringent lending requirements compared to conventional loan products. To make it easy, we’ve outlined five commonly asked questions about VA loans. 5 Common Questions About VA Loans in California […]Read More

What Is A Good Credit Score To Buy A House?

“What is a good credit score to buy a house?” Credit scores are often at the top of every prospective homebuyer’s mind when they begin their house hunt. Mortgage lenders pull credit scores for homebuyers from three major bureaus: Transunion, Equifax, and Experian. When lenders pull credit, they correlate to the middle of the three […]Read More

Are Cash Out Refinances A Good Idea?

When homeowners purchase a new home, they instantly start to accumulate equity in their new home. For some homeowners, taking cash out from their home equity can be a great way to pay off credit card bills, purchase a new home, pay for college, or invest in home improvement projects. HOW DO CASH OUT REFINANCES […]Read More

What Is A Jumbo Loan In Texas In 2020?

So What Is a Jumbo Loan in Texas in 2020? A jumbo loan is a conventional (not government-insured) mortgage loan that exceeds the conforming size limit for sale to Fannie and Freddie, the two government-sponsored enterprises (GSEs) that buy and sell bundled mortgage loans These limits vary by county. For all counties in Texas, the […]Read More

Actions To Avoid After Getting Pre-Approved For A Mortgage

JVM Lending has seen many homebuyers knock themselves out of qualifying range after getting pre-approved for a mortgage. These actions should be avoided by homebuyers after getting pre-approved for a mortgage to ensure they remain qualified for their loan. Start Getting Pre-Approved For A Mortgage START A NEW JOB IN A “DIFFERENT FIELD” A job […]Read More

What Is A Jumbo Loan In California In 2020?

What Is A Jumbo Loan? A jumbo loan is a conventional (not government-insured) mortgage loan that exceeds the conforming size limit for sale to Fannie Mae and Freddie Mac, the two government-sponsored enterprises (GSEs) that buy and sell bundled mortgage loans. These limits vary by county. For most counties in the Bay Area, the conforming loan […]Read More

Buyer or Seller: Who Pays Real Estate Commissions?

How are real estate commissions set and who is responsible for paying them? We find these are common questions among both buyers and sellers. Who Pays Real Estate Agent Fees? Here’s the short answer: In California and Texas, as in most states across the country, the seller is typically responsible for both the selling agent’s […]Read More

6 Tips For First-Time Homebuyers in Texas

Are you one of many first-time homebuyers looking to buy your first home in Texas? If so, the best way to start the homebuying process is to gather as much information as possible from the very beginning. You are probably a little excited, a little nervous, and more than likely overwhelmed. Whether you’re in Dallas, […]Read More

6 Tips For First-Time Homebuyers in California

Are you one of many first-time homebuyers looking to buy your first home in California? If so, the best way to start the homebuying process is to gather as much information as possible from the very beginning. You are probably a little excited, a little nervous, and more than likely overwhelmed. Whether you’re in Walnut […]Read More

Outlook On FHA Mortgage Rates In 2020

FHA and Conventional mortgage rates in California and across the country had been in a state of extreme volatility due to the onset of the Coronavirus but have been holding steady and improving over the last few months. FHA MORTGAGE RATES LEVEL IN 2020 According to the weekly market survey conducted by Freddie Mac, the […]Read More

How Do VA Home Loans Work?

Veteran Administration loans (VA loans) are one of the best deals available for veteran homebuyers. VA loans have flexible underwriting and down payment guidelines for veterans and their spouses. Many veteran homebuyers have questions about how VA home loans work and if they can qualify. QUALIFYING FOR A VA LOAN The Debt-to-Income (DTI) ratio is one of […]Read More

The Difference Between Discount Points & Origination Fees

Discount Points and Origination Fees are two common industry terms that can be easily confused. They both affect the interest rate of a mortgage but in different ways. What Are Discount Points? Discount points are fees you can pay to lower your interest rate to thus lower your monthly mortgage payment. The more you pay in discount points, the […]Read More

Debt: A Common Reason for Mortgage Denial

Summary: There are several reasons why homebuyers may be denied when applying for a mortgage. Pre-existing debt can be one of these reasons. Debt is one of the more common reasons for loan denial in California and throughout the country. When homebuyers have a great deal of debt, it is detracted from their income during […]Read More

Is It Easy To Get A Mortgage In California Or Texas?

Many homebuyers are surprised by how easy it is to get a mortgage. Most people worry that the mortgage process will be too difficult or that their credit scores will be too low to qualify for competitive financing. In reality, the mortgage process is often easier for homebuyers in California and Texas than they expect. […]Read More

A Guide To Private Mortgage Insurance In California And Texas

California and Texas Homebuyers with small down payments are often subject to Private Mortgage Insurance (PMI). Many homebuyers have questions about PMI, why they have to pay it, and how they can avoid it when buying a home. WHAT IS PRIVATE MORTGAGE INSURANCE? Private Mortgage Insurance (PMI) is an insurance policy for conventional loans that […]Read More

FHA Loan Requirements for Texas Homebuyers

FHA loans are an excellent option for borrowers who may not have the higher credit score or down payment funds needed to secure a conforming mortgage. The Federal Housing Administration (FHA) loan program has been helping homebuyers since its implementation in the 1930s. Today, it’s one of the more popular mortgage financing options, but there […]Read More

FHA Loan Requirements for California Homebuyers

FHA loans are an excellent option for borrowers who may not have the higher credit score or down payment funds needed to secure a conforming mortgage. The Federal Housing Administration (FHA) loan program has been helping homebuyers since its implementation in the 1930s. Today, it’s one of the more popular mortgage financing options, but there […]Read More

Why Do You Need A Home Appraisal For A Refinance?

  Home appraisals are a valuable tool for homeowners who are pursuing a refinance. Refinance appraisals are used to assess a home’s value, determine the limits of cash-out refinancing, and establish how risky lenders will view the loan Homeowners should consider getting their home appraised in the process of refinancing because it helps protect their […]Read More

Can The Seller Credits Pay For FHA Closing Costs?

FHA loans are a popular loan program among many homebuyers in California and Texas who need seller credits to offset their closing costs.. FHA loans are also popular with first-time homebuyers and homebuyers with limited funds for a down payment. HOW DO SELLERS PAY FOR BUYER’S CLOSING COSTS? The Department of Housing and Urban Development […]Read More

Who Pays Title Insurance Costs in Texas, Buyer or Seller?

Title insurance is required for nearly all mortgage loans in Texas. This special type of insurance carries a one-time cost and acts as a critical safeguard for homebuyers against “title claims” – such as undisclosed debt associated with the previous owner. How Title Insurance Works In the state of Texas, government officials record all real […]Read More

Should You Refinance Your Mortgage?

Mortgage rates are trending down, and many homeowners are considering refinancing their mortgage. Homeowners should reach out to a Mortgage Analyst about refinancing their mortgage if rates have dropped significantly lower and if their home value has increased. THE MYTH OF STARTING AMORTIZATION OVER Amortization is the process of spreading out a loan amount into […]Read More

Who Pays Title Insurance Costs in California, Buyer or Seller?

Title insurance is required for nearly all mortgage loans in California. This special type of insurance carries a one-time cost and acts as a critical safeguard for homebuyers against “title claims” – such as undisclosed debt associated with the previous owner. How Title Insurance Works In the state of California, government officials record all real […]Read More

Are Mortgage Lenders Better Than Banks?

There are many reasons why choosing a local mortgage lender to buy or refinance a home is best. Working with a trusted local mortgage lender can ensure that homeowners get the highest level of customer service and the best deal when applying for a loan. 4 THINGS TO KEEP IN MIND WHEN PICKING A LOCAL […]Read More

Is Paying Mortgage Points Worth It?

What Are Points? What are mortgage points? And is paying mortgage points worth it? A “point”— formally referred to as a “discount point”— costs the borrower one percent of the loan amount. Mortgage lenders typically refer to this as “buying down your rate.” For example, one point on a $500,000 loan is $5,000. The point […]Read More

Should You Consider A Real Estate Investment In Texas?

Many people should consider a real estate investment in Texas. Real estate is considered a hard asset, and as a result, it makes an excellent inflation hedge. In healthy housing markets, real estate tends to appreciate in value. In markets like the Austin area, real estate value can often skyrocket in appraised value. Texas is […]Read More

Should You Consider A Real Estate Investment In California?

Many people should consider a real estate investment in California. Real estate is considered a hard asset, and as a result, it makes an excellent inflation hedge. In healthy housing markets, real estate tends to appreciate in value. In markets like the Bay Area, real estate value can often skyrocket in appraised value. PURCHASING A […]Read More

How Does The Mortgage Process Work For Homebuyers In Texas?

Many buyers who are planning to purchase a home in Texas often ask us “How does the mortgage process work?”. A major part of how the mortgage process is what is known as “the closing process.” When planning to buy a home, homebuyers can expect the following when going through the closing process. WHAT IS […]Read More

How Does The Mortgage Process Work For Homebuyers In California?

Many buyers who are planning to purchase a home in California often ask us “How does the mortgage process work?”. A major part of how the mortgage process is what is known as “the closing process.” When planning to buy a home, homebuyers can expect the following when going through the closing process. WHAT IS […]Read More

How To Get A Mortgage Loan Estimate in Texas

A mortgage lender will help educate you about home loan estimates and ensure you are receiving the info and costs needed for your unique situation. In this blog, we’ll give an overview of the process of finding and using a mortgage lender in Texas, and elaborate on how a Loan Estimate plays into getting your […]Read More

How To Get Mortgage Loan Estimates in California

A mortgage lender will help educate you about home loan estimates and ensure you are receiving the info and costs needed for your unique situation. In this blog, we’ll give an overview of the process of finding and using a mortgage lender in California, and elaborate on how a Loan Estimate plays into getting your […]Read More