Ray Avanzino, VP of Lending, Guaranteed Rate

Mortgage and Lending - Stearns Lending - NMLS # 288504
Mike, it is hard to believe that anyone could do such a poor job. We do lots of renovation loans on the peninsula and we haven't seen this poor workmanship nor do we expect to. We do typically work on higher end homes as well. This would be a travesty.Renovation work must be completed in a workma...
Fences should not be considered an indication of property boundaries. Legal property boundaries are demarcated by surveyor pins or stakes. These are typically 1/2" to 3/4" round iron pipes flush or buried slightly below land surface. Newer pins might have yellow or orange caps that indicate the ...
There are two market conditions making renovation loans a hot item. First, current foreclosure sales are running six times higher than normal in the U.S., and many of these homes have been neglected and are in need of repair. Second, many homeowners are deciding to stay put and upgrade their hom...
FHA Premiums are going up again Have you heard HFA premiums are going up again? If you have any clients on the fence, you may want to get them into a pruchase if it is an FHA. Starting April 9th, the upfront MI is going up from 1.00% to 1.75%. On a $417,000 purchase, that is a increase from $4170...
Working in concert to meet a tight deadline,Congress and the White House have raised the FHA loan limit in high-cost real estate markets, making it easier to obtain an FHA loan on properties up to $729,750*.   Following passing votesin the House of Representatives and Senate, President Obama sig...
Learning Center First Time Homebuyers Buying a home will probably be the most important purchase of your life, and the process can be intimidating. We are here to make it easy for you. This page outlines some of the basics you may want to know before getting started.   Renting vs. Buying    Renti...
Treasuries and mortgages continue yesterday's rally due to the concerns of a possible Greek default.  As citizens riot in Athens against any possible austerity measures, the debt crisis is creating chaos in the European credit markets. The Euro aid package may need to be doubled, while Germany is...
Treasuries and mortgages are under pressure this morning as equities make gains after six straight weeks of losses.    With no economic data and few corporate headlines today, investors prepare for a busy week ahead of manufacturing, housing, inflation, and consumer sentiment reports.  Tuesday br...
This morning both the latest release of the Initial Jobless Claims report and the preliminary 1st quarter GDP report reflect a weakening recovery, causing a rally in treasuries as investors look for safer assets.  The number for first-time filers for unemployment benefits increased by 25,000 to 4...
Treasuries are down from yesterday's monthly high ahead of today's FOMC rate announcement; the latest policy statement due at 12:30 pm EST.  Economic data has been inconsequential; Durable goods orders for March increased by 2.5%, which exceeds the 1.8% increase that had been widely anticipated. ...

Ray Avanzino

local_phone(650) 257-2068
smartphone(650) 576-6531
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