Talking Loans with the Loanmonarch

Mortgage and Lending - C2 Financial - NMLS #279125
My blog is intended to inform, educate and de-mystify the lending process for professionals and laypersons alike. There are usually two solutions to every human problem...including obtaining a mortgage! Contact me for any of your financing needs or questions. You deserve to understand what is happening throughout the mortgage process
This is a great post on the cost of waiting versus rising interest rates.  So often, consumers are focused on only one aspect of the purchasing process:  Rates?  Price? Trends?  The reality is there are a number of factors that should be analyzed in the home buying process.  George just gave us o...
While this post is tragic and I sincerely wish the best for Gail and her husband, all I can say is I am absolutely not at all surprised by the actions of BofA. Back in 1990, at the time of the merger (take over) of Security Pacific Bank by BofA, I was a Personal Banker in Bellevue, WA.  We had th...
The enactment of the California Homeowners Bill of Rights...while far from a very significant step forward for consumers in our State.  I personally know people who lost their home to foreclosure while in the midst of working on a modification.  Presumably, this will no longer happe...
Michael has done a great service in completely explaining the concept of "bi-weekly" mortgage payments.  One thing we are both on the same page with is that a borrower should never pay a bank, or third party company, for this service.  It is a complete waste of money! The Bi-Weekly Payment Plan i...
This is such a stellar post by Tni!!  Over the past couple years, on more than one occasion I have attempted to show homeowners the real numbers in keeping their home.  It is particularly frustrating when I talk with someone is "north" of 50 and more than 50% underwater AND in a very high interes...
This is VERY important information that all potential home buyers should know.  I believe that are three absolute MUSTS for every consumer who is shopping for new home construction: 1). Have your own buyer representation.  As Lenn states, this is absolutely essential.   2). Hire you own home insp...
Short Sales and FHA 203k Loans....Real Estate’s Vinegar and Oil   Seriously, are Short Sales and FHA 203K Loans mutually exclusive?  Much like Vinegar and Oil, they will never blend together effectively?   Anyone who knows me, or my blogs, or my comments on the advice forums knows I am a HUGE adv...
Changes in mortgage financing are nothing new, particulariy over the past few years; unfortunately most people ignore the pending changes until the "wolves are at the door" and a transaction is at risk. Gene Mundt has done a masterful job of detailing the coming changes for appraisals on FHA loan...
Most agents declare “My client IS pre-approved.”  .........or NOT, is my assessment.   Many agents are under the misguided notion that the consumer in their car looking for properties or putting in an offer on their listing is pre-approved and qualified for the financing needed for the purchase o...
This is great option for all those cash buyers out there!  And, an opportunity to refill their coffers so they can purchase another.  My thanks to Ed for sharing this update. Working with cash buyers?  Let's talk!Many buyers are taking advantage of the great buys available in the current market, ...

Deborah "Dee Dee" Garvin

C2 Financial
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