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Mortgage and Lending - JasonWheeler.biz - DRE 01458438 NMLS 242672
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Do Down Payment Assistance Programs exist? Loan agents will know more about this than I could ever put in a few sentences, but a true DAP is like Nehemiah where they “gift” the borrower all the down payment funds in return for charging the seller a fee. These work almost exclusively with FHA loan...
03/03/2008
Do Fed chairmen always say, “"the FOMC...will act in a timely manner as needed to support growth and to provide adequate insurance against downside risks."? When wouldn’t this be the case? Federal Reserve Chairman Ben S. Bernanke signaled the U.S. central bank is prepared to lower interest rates ...
02/28/2008
As time passes, more and more critics of the conforming loan level changes are voicing their opinions. As everyone, and their brother, knows, the conforming loan limit will temporarily rise to 125% of an MSA’s median price with a cap of $729,750 and a floor of $417K, retroactive to loans originat...
02/26/2008
The market seems to be comfortable, in the short-term, with rates where they are: the 10-yr around 3.80% and conforming conventional 30-yr ranging from 5.75-6.25, depending on if the borrower wants to pay or receive a rebate. (Mortgages are worse by about .125 this morning.) The only news out tod...
02/25/2008
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Beware if you depend on your HELOC! Many banks are freezing HELOCs across the board because of the declining market conditions. I would recommend fully drawing what equity that is available to you and put it to work. A great investment would be in Tax Lien Certificates. If you or anyone you know ...
02/22/2008
Something doesn’t quite fit. Can the economy really support higher rates when retailers like The Sharper Image and Lillian Vernon have declared bankruptcy? Or a city here in the San Francisco Bay Area (Vallejo) makes the headlines for being near bankruptcy? Thus the belief that although there wil...
02/22/2008
Have you ever wanted to invest in Real Estate but maybe you did not have the support you needed in order to take those first steps? Join us in San Ramon on February 2nd for a FREE all day Real Estate Wholesale Seminar. At this workshop you will learn from a real pro! Chris Wilson makes his living...
01/21/2008
Last week my computer crashed! This is always a pain and never convienient. However I would like to take my hat off to a local Computer Sales and Service store right here in Pleasant Hill. The customer service is top notch with very competitive pricing for all service. I've tried using other serv...
01/21/2008
Bank of America’s agreement to buy mortgage giant Countrywide Financial in a $4 billion all-stock deal put investors at ease yesterday, boosting shares of Countrywide by 51%, after the mortgage crisis took the stock briefly below the $5 level. The deal gives Countrywide 0.1822 share of Bank of Am...
01/11/2008
Are you dealing with borrowers with this scenario? They live in a $700,000 house bought with no money down. They can buy an identical house across the street for $500,000. Their FICO’s are >800, flawless. But as soon as they buy the house across the street, they will stop making mortgage payments...
01/10/2008
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