finance: Thoughts for a Tuesday Afternoon
- 01/17/17 01:54 PM
Good Afternoon, We are now 17 days into the New Year...Here is a beginning of the year market update: Pre-Qualification vs Pre-Approval and closing your purchase loan in less than 2 weeks in this current market... Call me for more details NOW @ (650) 409-5918! See the video on my Business Facebook Page: http://bit.ly/2jWj3tB Find me on YELP: http://bit.ly/2k1QLC1 All the best, Michael Haigh | Branch Manager NMLS#200819 … (2 comments)
“The separation of talent and skill is one of the greatest misunderstood concepts for people who are trying to excel, who have dreams, who want to do things. Talent you have naturally. Skill is only developed by hours and hours and hours of beating on your craft." - Will Smith
Interest rates increased last week when the Feds spoke on Wednesday. This was the expected outcome of their meeting. The 2nd major increase since the election results. We also anticipate two more increases in 2017.
What does this mean for you?
1. If you were pre-approved for a home loan … (1 comments)
"In a statement released Wednesday by the Federal Reserve, the FOMC voted unanimously to raise the target range for the federal funds rate from 0.5% to 0.75%, effective Dec. 15, 2016."
They moved up as expected, and now we are looking at possibly two more hikes this next year. So time to talk to your lender and understand what this means for your specific financial situation!
Michael Haigh NMLS#200819 650.409.5918 (Direct) Michael.Haigh@SupremeLending.com
… (3 comments)
finance: When can a borrower get a loan again?
- 07/27/16 05:59 AM
Good Morning, Do you have any questions about derogatory milestones? Please see below for an accurate depiction of the waiting periods for foreclosures, bankruptcies, short sales, etc. Please feel free to give me a call whenever!
The Brexit vote is over, and 52 percent of UK citizens voted to exit the EU, leaving a lot of political and economic uncertainty in the UK, Europe and the rest of the world. The UK Prime Minister, David Cameron, has resigned and Boris Johnson is the leading candidate to replace Cameron.
We’ve addressed the potential upsides and downsides with Supreme’s Senior Vice President of Capital Markets, Steven Chiou.
Q: How will Brexit negatively impact economics globally? A: Forty-four percent of UK exports go to EU countries. Those exports may now be subject … (0 comments)
finance: Just another week as a Mortgage Loan Officer!
- 03/18/16 03:53 AM
Good Morning and Happy Friday, As one of the top loan officers and managers at W.J Bradley, it was unfortunate the way that everything came down. With that being said, our team was pretty much aware and made provisions to move prior to the mess of this past weekend. Sunday the compapny got surprised with an e-mail pending a complete shut down. By Monday we were all signed up with another company, clients are okay and the new company is far superior to WJB. Enough said...going forward you will be happy to know, we have the capacity and capability to close loans in … (0 comments)
"General Market Direction*: IMPROVED."............the greatest thing a lender can see after the market opens. Rates are killing it. My Realtor Partners - are you mentioning this to your current clients and equally important - almost every home you closed on could benefit with a mortgage check up. And it is good reason to be back in touch with your clients and uncover sales opportunities for you. And that is a good thing! … (0 comments)
Are you a first time homebuyer looking to by-pass that traditional starter home? Do you want to live near work, even though it's in a hight cost area? Using the DTI + mortgage product available at W.J. Bradley now allows for a higher debt-to-income ratio up to 50%, which allows you to qualify for more home today! … (0 comments)
finance: Desire to Buy Strong Despite Affordability, Economic Concerns
- 12/28/15 01:38 AM
NAR HOME Survey: Desire to Buy Strong Despite Affordability, Economic Concerns MEDIA CONTACT: ADAM DESANCTIS / 202-383-1178 / EMAIL WASHINGTON (December 17, 2015) — Although only half of surveyed households believe the economy is currently improving, nearly all young renters eventually want to buy a home, and a convincing majority still view homeownership as part of their American Dream, according to a new quarterly consumer survey released today by the National Association of Realtors®. Additionally, a newly-introduced index tracking the financial outlook of households found that compared to earlier this year an increasing share believes their personal financial situation will improve in the months … (0 comments)
Just because the real estate market tends to slow down during the chillier months doesn’t mean it grinds to a stop. There are plenty of reasons to buy during the holidays, good deals being one. Sellers with homes still on the market come winter are more likely to compromise on price, and with fewer people looking for homes, buyers have more leverage. But the holidays can present all sorts of problems when it comes to getting a mortgage. Here are 4 you should watch out for. Your new job Your New Year’s resolution may be to finally quit the job you hate and move … (0 comments)
Living debt-free sounds great, and depending on where you are in life it may actually be attainable. But even if you can pay off your mortgage early, should you? Although it may be tempting, first consider the opportunity cost of paying off your mortgage early at the expense of other goals or investment options, as well as the impact to your tax situation. Opportunity cost. By paying off your mortgage early, you'll save on the additional interest expense that would have been incurred in your regular payments. This savings can be significant, and will increase with the prepayment amount. However, by directing excess cash towards paying down … (1 comments)
finance: Is it best to use $100,000 to pay off mortgage on home or invest ?
- 12/02/15 01:39 AM
Would it be better to take $100,000 and pay off my mortgage on my primary residence or take the same $100,000 and buy a rental property with only cash? It’s a good question, but there are way too many variables to give you one particular answer. If you’re young, you may opt to keep the mortgage on your home and use that leverage to start buying rental properties with an aim toward developing an investment income rental portfolio. If you’re retired and need income, it may be better to pay off the mortgage and live off whatever sources of income you have without … (3 comments)
finance: 15 Mortgage Questions and Answers for First-Time Homebuyers
- 11/30/15 01:45 AM
If you're new to the mortgage process, it can be a bit overwhelming. Not only are there many different loans to choose from, but knowing what to expect before you get started can make the difference between a hectic and stressful experience and a smooth closing. With that in mind, here are 15 common mortgage questions asked by first timers, and their answers.
Should I get a fixed rate or adjustable rate? A fixed-rate mortgage means that you'll pay the same interest rate throughout the life of your loan. On the other hand, an adjustable-rate mortgages starts out with a low … (1 comments)
finance: Finding The Right Down Payment Amount
- 11/11/15 02:31 AM
Mortgage lenders have an important task of trying to help borrowers determine how much money they will spend on the down payment for a property purchase. Obviously the more that a customer pays up front, the less they will need to take out in the form of a loan. However it is often in a borrower's best interest to make a larger down payment, if they have the financial means to do so. As a lending expert, it is a fine line to walk between doing what's best for the customer versus the move that would most benefit the business. Conversely, many lenders shy … (0 comments)
finance: How To Work With Millennial Borrower
- 11/06/15 01:41 AM
The millennial generation offers a great amount of opportunity for mortgage lending agencies. That same group of people also presents tremendous risk. Millennials are the largest generation alive, and as they grow older and acquire larger incomes, more of them are looking to buy property. Lenders must be aware of the trends involving millennial real estate spending and how this group of people can make a tremendous impact on business. Because of their age, most millennials will be first-time homebuyers. Understanding what this portion of the home buying population finds important in sales and how to best help them find the mortgage rate they … (0 comments)
;)
;)
;)
