mortgage: Face to Face Sales Crushes Facebook Marketing - 01/25/16 12:54 PM

I love these guys...always post such relevent information.
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mortgage: Great video from the National Real Estate Post - 01/15/16 10:04 AM

 
The United States Zestimate is Here! … (0 comments)

mortgage: Mortgage Rates Modestly Lower - 12/23/15 11:13 AM

Mortgage rates continued a trend of small, steady improvements into the new week today.  This marks the 4th straight day of a winning streak that began last Wednesday when the Fed announced its much-anticipated rate hike.  If the notion of a Fed rate hike followed by falling mortgage rates doesn't make sense, don't worry.  The Fed rate hike has drawn out lots of analysis on the implications for other interest rates, and much of it is missing two critical points.
First, mortgage rates are not directly connected to the Fed Funds Rate.  In fact, we've even seen them move in the opposite direction for months in the … (0 comments)

mortgage: 4 Holiday Dangers for Your Mortgage Application - 12/18/15 11:47 AM

 
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)

mortgage: Happy Holiday's From W.J. Bradley - 12/11/15 09:18 AM

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mortgage: 6 Things to Consider Before Paying Off a Mortgage Early - 12/04/15 09:39 AM

 
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)

mortgage: Is it best to use $100,000 to pay off mortgage on home or invest ? - 12/02/15 09:39 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)

mortgage: 15 Mortgage Questions and Answers for First-Time Homebuyers - 11/30/15 09:45 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)

mortgage: Finding The Right Down Payment Amount - 11/11/15 10:31 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)

mortgage: How To Work With Millennial Borrower - 11/06/15 09:41 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)

mortgage: Pay Off Your Mortgage: How One Guy Did It In 3 Years - 11/04/15 11:02 AM

"Ding dong, the mortgage is dead," a jubilant Sean Cooper announces as he sets fire to his mortgage in front of cheering friends outside a Toronto restaurant. “I feel like the weight of the world has been lifted off my shoulders," he declares. Cooper has just achieved what many Canadians aspire to do: pay off our home and celebrate with a mortgage-burning party. He just did it decades faster than most of us.
 
In 2012 Cooper bought a house in Toronto for $425,000. He then embarked on a painstaking financial plan — including working three jobs and living like a pauper — to pay off his … (0 comments)

mortgage: Fewer homebuyers are tapping their parents for money - 10/28/15 09:29 AM
 
 
As first-time homebuyers finally begin returning to the housing market, there may be one “bank” in the country that is actually happy to be lending less, namely the Bank of Mom & Dad. Last year, the percentage of family and friends supplying financial help had fallen to 12%, the lowest since mid-2007 when 8% of parents helped their children buy a home, according to Zillow.com Z, +0.03% using an analysis of the Federal Reserve Board’s 2014 Survey of Household Economics and Decision-making (SHED).
Compare that to the height of the Great Recession in 2009 when family and friends helped contribute gifts and loans to … (1 comments)

mortgage: Can student loans hurt your mortgage approval? - 10/21/15 09:32 AM
 Can Student Loans Hurt Your Mortgage Approval? 
 
 
Your student loan servicer reports to the credit bureaus every 30 days, much like a credit card issuer or auto lender. But you may have a payment deal with your student loan servicer that isn’t reflected accurately on your credit report.
Let’s say you have $80,000 of student loans with one lump monthly payment: $500 per month. The credit report, instead, might list multiple loans from several financers with varying payments that, when added up, show you owe more than that each month. That can be a big problem when it comes time … (0 comments)

mortgage: How Location Impacts Mortgage Borrowers - 10/09/15 03:38 PM
OCTOBER 5, 2015 /ECONOMIC TRENDS/ by W.J. Bradley  
 The American population is moving, and in most cases, folks are headed west. That can be problematic for  people who are looking for housing in that area of the country, because houses are not staying on the market  very long in many major cities. According to Trulia, eight of the 10 fastest moving real estate markets in the  U.S. are in the Mountain or Pacific time zones, with five of those markets in California.
 For potential mortgage borrowers, the location of a home will impact how much you spend over the course of  the loan. Rates … (2 comments)

mortgage: How Credit Scores Impact Your Chance To Secure A Mortgage - 10/09/15 02:49 PM
 
 
 
October 6, 2015 / Loan Types / by W.J. Bradley  Paying the full amount of a monthly credit card bill has serious benefits for potential mortgage borrowers. Your credit score is one of the top factors lending agencies study when determining what size loan they will provide when it comes time to buy property. Improving that score every month can make securing financing easier.
Before you start the mortgage application process, take time to understand what role a credit score takes. Because credit card charges and property purchases seem like two separate types of expenses, many do not realize how much … (2 comments)

mortgage: Is It Possible That Gender May Influence Home Mortgage Approval? - 07/10/13 02:03 PM
If you are applying for a joint mortgage on your property with your spouse or partner, the name that goes first could have more of an impact than you might think.
A 2010 study by the Woodstock Institute showed that mortgage lenders were inclined to show favoritism when men were the lead borrowers on joint applications. The study was undertaken within the Chicago area and it tracked joint applications for refinancing as well as home purchases. Over 250,000 applications were studied in the year 2010.
Surprisingly, the study showed that home purchase applications that listed the female partner as the primary … (0 comments)

mortgage: The Best And Worst Times Of The Year To Sell Your Home - 07/09/13 01:12 PM
Does the time of year when you put your home on the market affect how well it will sell?  What about the final sales price?
According to many studies in housing trends, the answer is yes. The time of year when you sell your home can have an effect on how many people are interested and how much the home will sell for.
Of course, if you need to move and sell your home at any point of the year, you will still be able to find buyers and negotiate a price that works for you. In some areas of the … (1 comments)

mortgage: What's Ahead For Mortgage Rates This Week - July 8, 2013 - 07/08/13 12:02 PM
Last week saw a relatively quiet week due to the 4th of July holiday, but there were some housing-related developments:
Monday: The Department of Commerce reported that overall construction spending increased by 0.50 percent in May to a seasonally adjusted annual rate of $874.9 billion. Residential construction grew by 1.20 percent, and May 2012 construction spending was 5.40 percent higher than in May 2012.
More spending in residential construction can indicate builder confidence in housing markets; added construction could help ease low inventories of available homes.
Tuesday: CoreLogic reported that May national home prices increased by 12.20 percent over May 2012, and grew … (0 comments)

mortgage: Go Green By Faking It With Artificial Grass - 07/05/13 01:26 PM
The summer heat is starting to take its toll on you and your thirsty lawn. Homeowners spend hundreds of dollars every summer striving to grow healthy grass and keep it green.
If you're sick of trying to maintain a manicured lawn, then you can go green another way. Install artificial turf.
The Grass is Always Greener
Today's artificial grass is made out of polypropylene, nylon, or polyethylene threads that are sewn into a mesh backing that allows for water drainage. This is then usually laid on top of compacted gravel and tied down at the perimeter.
Modern artificial lawns can mimic … (3 comments)

mortgage: Happy Fourth of July! - 07/04/13 10:58 AM

 
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Michael Haigh

Burlingame, CA

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W J Bradley / The Michael Haigh Team

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