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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

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

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

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

Mortgage Process About Experience, Not Just Closing; Need Pandas!

Please read the below email we received from a borrower yesterday. It is unedited, unsolicited, and not unusual. We get emails like this every day. At JVM, we market our speed so much that we sometimes forget to highlight the fact that we also foster the best “experience” in the industry with our systems, responsiveness, […]Read More

Don’t Reference ANY Reports Anywhere in “As Is” Contract

We have a condo transaction in which a seven-year-old pest report was referenced in an obscure clause in an obscure addendum, and, of course, the lender is asking for both the report and a “clearance.” The highly skilled and seasoned selling agent is flabbergasted (to put it mildly) that the lender would ask for something […]Read More

2nd “Wave” of Foreclosures; Gift Funds Again

1 million foreclosures are expected this year in the so-called “2nd wave”. This one is supposedly caused by unemployment and it involves more “A Paper” loans instead of “sub prime”, but it remains our observation that it is “negative equity” that sparks the most foreclosures. The upside to all the “2nd wave” foreclosures: All of […]Read More

Sources of Funds for Mortgages – ALL Are Necessary

It is important to understand that there are multiple channels for mortgages, and access to ALL of them is essential. HARD MONEY: These are pools of money primarily from private investors. They focus mostly on investment properties. They also focus on equity (LTVs), over and above a borrower’s credit quality. PORTFOLIO LENDERS: These are lenders […]Read More