Garrick Werdmuller's Blog

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Mortgage and Lending - Caliber Home Loans - NMLS# 242952
RECENT BLOG POSTS
Great News for Boomerang Buyers! According to new Mortgagee Letter 2013-26, HUD announced: As a result of the recent recession many borrowers who experienced unemployment or other severe reductions in income, were unable to make their monthly mortgage payments, and ultimately lost their homes to ...
08/23/2013
  Many investors and home buyers today are in need of creative financing. Investors making all cash offers may be looking to acquire more property but their money is tied up in other properties.  Cash buyers may need short term construction loans that are largely unavailable. Buyers looking to a...
05/10/2013
Are you or is someone you know a first time buyer with a limited down payment? One great option the CHDAP- California Homebuyer Down Payment Assistance Program! This is a deferred payment simple interest junior loan that can be used to help a borrower cover the down payment allowing the borrower...
03/21/2013
  Are you looking to purchase and are getting a little help from mom and dad? Well we have some great news! Guidelines have just loosened up on high balance loans, or loans available in high cost areas such as San Francisco Oakland and Alameda with the loan amounts between $417,001 and $625,500....
03/15/2013
Does it make sense to take advantage of today’s rates while resetting your mortgage insurance AND taking a higher mortgage insurance rate? As a loan officer, this is definitely one of the most challenging questions we face when handling a refinance. Especially when FHA Mortgage Insurance will be ...
03/04/2013
Well that answer today is until 2015! But before we go into that, just what does Quantitative Easing mean anyway? Well, in short – normally when the economy is struggling the Federal Reserve will reduce short term interest rates to encourage more lending and spending. However, interest rates have...
09/14/2012
Why You Don’t Qualify for the Lowest Interest Rate? – Risk Based Pricing Everyone is looking for the elusive lowest interest rate in the market right now, right? What exactly does it take to get the “lowest rate” when purchasing or refinancing your home? Low Mortgage Rates are Currently Available...
09/13/2012
I have been saying it all summer long- the market has changed! The purchase market is picking up! In Alameda, Ca. it has indeed been one crazy summer of multiple offers, first time buyers, over bidding, and all cash offers. The National Association of Realtors® released data showing national medi...
08/24/2012
  FHA Streamline refi's have changed in the blink of an eye! It’s True! June 11, 2012: FHA changes their mortgage insurance policy on FHA Streamline Refinances for loans endorsed by HUD prior to June 1st 2009. Case numbers pulled on or after June 11th 2012 will allow borrowers to take advantage ...
06/15/2012
Direct Link: http://youtu.be/NJhBM-2ipB0 I hope you enjoy my latest video - 4 Easy Tips to Help Make you MONEY in Video Marketing! Don't forget we are here for your Direct Lender Pre Approval Letters. Conventional, Jumbo, FHA, VA, 203K- Cell/TXT 510.282.5456, info@garrick.biz.
06/07/2012
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Garrick Werdmuller

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