Garrick Werdmuller's Blog

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Mortgage and Lending - Caliber Home Loans - NMLS# 242952
RECENT BLOG POSTS
Direct Link http://www.youtube.com/watch?v=fOazS9i4A7c&feature=youtu.be   Oakland Ca., It’s no secret we’ve discussed this before, there are some properties on the market with deferred maintenance right? Well it can be tricky for first time buyers to get into these well priced properties due to ...
05/14/2012
Direct link: http://youtu.be/SyhrJHk4vdc Oakland, Ca. As you may know, in many cities, a sewer lateral inspection/repair is a requirement in every real estate purchase transaction. Specifically in Oakland after January 16, 2012 all homes purchased are now required to obtain a certificate of comp...
05/04/2012
  Direct Link  http://www.youtube.com/watch?v=4FqBL_NN22E&feature=plcp&context=C4774aeeVDvjVQa1PpcFNxIKhmLFmXvd2AG5sOq4XuvCSpfzvIpX4%3D  San Francisco; Ca; A Homeowner Bill of Rights has been introduced to the California State Assembly in the form of seven bills entered Focused on the impacts of ...
04/24/2012
  San Francisco Ca, As you have heard, basically…EVERYWHERE IN THE MEDIA, lenders require A LOT of documentation to close a loan when purchasing or refinancing a home in this day and age. Loans are definitely fully documented and without question YOUR BEST DEFENSE IS A GREAT OFFENSE! That being s...
04/12/2012
San Francisco Bay Area Home Affordable Refinance Guidelines include: - Removing the 125 percent loan-to-value. - Waiving risk-based fees on borrowers who take shorter term mortgages and reducing those fees for others. - Eliminating the need for a new property appraisal where there is a reliable ...
04/12/2012
San Francisco, CA: On March 13th and 14th we saw huge rate increases.  Our beloved 3.875% “Best Execution” went to 4.125% with most lenders.  In fact over the past two days we have seen a dramatic increase in rates –     For those that want to know WHY rates moved higher so quickly: I Refer to M...
03/15/2012
Direct Link: http://youtu.be/5N0ouGW1h-A">http://youtu.be/5N0ouGW1h-A...
03/13/2012
Direct Link http://youtu.be/GRLKjW9jJ3Y On April 1st the Federal Housing Administration is increasing both upfront and annual premiums for its insured single family loans. The annual increase will be .10 % to make the annual mortgage insurance premiums 1.25% mandated by the Temporary Payroll Tax...
03/02/2012
Direct Link: http://www.youtube.com/watch?v=gTY1UVPRk8g A lot of people ask this question and it’s a great question. And the answer is- That depends. You see, guidelines are always changing and will continue to change over the next few years. In fact they JUST changed! So here is how it stands t...
02/13/2012
I receive a lot of questions regarding what fees a Veteran is allowed and not allowed to pay in a real estate transaction in Alameda. Here is a summary of allowable and unallowable costs from one of the lenders I frequently work with. ALLOWABLE CLOSING COSTS A Veteran may pay any of the following...
02/10/2012
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Garrick Werdmuller

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