ARCHIVED BLOG POSTS
2013
ARM mortgages traditionally have lower rates and payments. The main benefit of an ARM is short term cash flow rather than long term savings because we know that the rate has the potential to rise thereby reducing the likelihood of long term savings. Instances where the ARM mortgage is used to h...
03/25/2013
Adjustable rate mortgages (ARM) are confusing to many people. Here is my attempt at a simple explanation- An ARM is a combination of an index and margin. Margin= The profit a bank charges. Aka "profit margin". This does not change. The loan is tied to an index (see below). Indexes vary on many fa...
03/25/2013
What is mortgage payment insurance? Job loss mortgage insurance policies pay all or part of a mortgage payment if the borrower involuntarily loses a job. Some pay if the borrower becomes disabled. Policies vary on how many mortgage payments they will make over a certain period. Many policies wi...
03/22/2013
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Mortgage rates are relatively flat today as there is not much news. Now is a good time to refinance or buy the home you've always wanted. Rates will go up putting that home out of reach. Don't have regrets, contact me today. (888) 206-5781 x 1017
03/21/2013
FHA loans can be used to buy out your spouse in a divorce. Contact us for your FHA financing needs! If you are in a divorce situation and need to buy out your spouse but can't get approved on a conventional loan here are some good things you should know. Per FHA if you do the following you ma...
03/21/2013
Contact me to find out how to use your VA home loan benefit by email or call (888) 206-5781 x 1017 An IRRRL is a VA-guaranteed loan made to refinance an existing VA loan, generally lowering the current interest rate resulting in lower principal and interest payments than the existing VA loan. ...
03/20/2013
In some instances a Veteran buying a home will ask the seller or builder to pay for something that is not customarily paid by them. We call this a “Seller concession”. Here is the definition: A seller concession is anything of value added to the transaction by the builder or seller for whic...
03/19/2013
La Jolla home and loan info all in one place! La Jolla real estate Get current mortgage rates and jumbo rates for La Jolla along with estimated closing costs. Accurate quotes include estimated title, escrow and appraisal fees. Current mortgage rates and jumbo rates provided when you click a...
03/13/2013
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Hey all of you Virginia residents and Realtors, I'm ready are you? My staff is ready to duplicate the successful systems we use in California, Oregon. Washington and North Carolina. On time closings, great customer experience and constant communication throughout the process leaves you more ti...
03/06/2013
My friend of 27 years, Chris Sylvada is the President of Simple Listings Solutions LLC, a system that allows Realtors to grow their short sale listings by targeting prospects at the beginning of their search for help. His website says: If you've been out in the world promoting yourself as a sho...
03/04/2013
Rainmaker
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Nevin Williams
Senior Mortgage Advisor