Mortgage Street Smarts

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Mortgage and Lending - AmeriFirst Financial Inc, San Diego, CA - NMLS 259027
From a young age, we learn the difference between BOOK SMARTS (knowledge learned in the school classrooms) and STREET SMARTS (what we learn in the "Real World"...often the hard way). There are no shortage of websites providing the BOOK SMARTS of the Mortgage Industry, but there are very few resources a Consumer has to learn about the STREET SMARTS of the Mortgage Industry. Please feel free to SUBSCRIBE (for free) to this ongoing source of truthful knowledge (without the worry of a "sales spin" buried somewhere in the message). After all, we tend to make better decisions when armed with the facts...the purpose of this blog is to provide FACTS by teaching you the MORTGAGE STREET SMARTS necessary to run your business (if you are a Real Estate Professional) or to make the best decisions for your family (if you are a Consumer). Enjoy!
RECENT BLOG POSTS
For the last 20+ years, Jason Gordon has helped many Homebuyers & Homeowners as a Residential Mortgage Loan Officer in San Diego, California.  To learn more about how Professional Colleagues view Jason Gordon and his services, please watch the short testimonial montage video below.   Jason Gordon...
08/12/2019
Whether you are a Real Estate Agent or a Mortgage Lender…WE ARE REAL ESTATE PROFESSIONALS, and it is our underlying duty to help our clients manage through transitions in their lives. We help people manage their way through life transitions There are 2 types of transitions our Clients experience ...
07/14/2019
How much income do you need to buy a Median Priced Home in San Diego, CA? According to a report published by KUSI News on April 22, 2019, you need $131,640.79.   What if I told you that instead of needing to make $131,640 to buy the Median Priced Home in San Diego, you only needed to make $83,976...
04/25/2019
As a 20+ year veteran in the Mortgage Industry, I have had to learn (quickly) to embrace the things that I cannot control...even if those things directly impact my business (and the way others perceive how well I am doing in my business).  Amongst those "external variables" (outside changes) that...
04/08/2019
FHA or Conventional...this is often the question.  The purpose of this article is to help you (and/or your Clients) articulate the pros & cons of each from an objective perspective. FHA - Stands for Federal Housing Administration with guidelines handed down from the Department of Housing & Urban ...
04/02/2019
Divorcing Homeowners need the help of ethical, knowledgeable and proactive Real Estate & Mortgage Professionals to work in harmony with their Legal & Tax Advisors.  With all of the emotions running high amidst a time where pivotal decisions must be made by these Individuals, we Real Estate & Mort...
03/26/2019
Whether you are a Real Estate Agent or a Mortgage Lender, WE ARE REAL ESTATE PROFESSIONALS and it is our duty to responsibly help our Clients navigate through life transitions. Some of these transitions can be viewed as positive and happy, such as helping them buy their first homes, up-size due t...
03/19/2019
Although the main role of an Appraiser is to render an opinion of value for the "subject property" being appraised, the Appraiser will always "call out" the following 2 items if they are in violation of safety codes.  These 2 items are as follows:  Carbon Monoxide Smoke Detector - a minimum of 1 ...
02/26/2019
An often overlooked mortgage underwriting guideline is Cash Reserves (aka Post-Closing Liquidity).  While not all loan programs require Cash Reserves, it is important to know what assets are eligible (and at what percentage).  A good way to visualize Cash Reserves is to determine what is left on ...
02/08/2019
What is the difference between a Home Equity Line of Credit (HELOC) and a Home Equity Loan (HEL) and why does it matter? In short, both mortgage loan programs are designed to be Junior Liens (to go into 2nd Lien position behind a 1st mortgage). Home Equity Line of Credit (HELOC) - is a revolving ...
02/02/2019
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Jason E. Gordon

Sr. Loan Officer, CMPS, CDLP, RCS-D, CDPE, CMHS
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