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 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

Visit us online!

mortgage: 7 Smart Tips To Painting Your Own Home This Summer - 07/03/13 01:19 PM
Winter may have taken a toll on your home's exterior this year. You've been noticing the cracking paint for months, but you don't want to shell out the big bucks to hire a professional painter.
Don't fret! With the weather warming and the nice summer weekends, it's the perfect time to tackle that project of painting your home.
While this might seem like an insurmountable task, especially if you have a multi-story home, it's not. It just takes the right tools and a bit of hard work. Below are step-by-step instructions to having the outside of your house looking shiny and … (0 comments)

mortgage: Liberate Yourself From Your Mortgage With This Simple Plan - 07/02/13 03:42 PM
What if you could accelerate the mortgage payment on your home so that you own your property several years earlier than your 15 or 30 year term?
Making your final mortgage payment and owning your house is an incredibly good feeling and there is a simple way that you can bring about that rewarding day much sooner.
By making one extra mortgage payment every year, you will be able to pay off your mortgage years earlier without putting a lot of stress on your present day finances. Although it might not seem like a lot, just one extra payment per year … (0 comments)

mortgage: What's Ahead For Mortgage Rates This Week - July 1, 2013 - 07/01/13 02:53 PM
The past week was active for economic news and mortgage rates. The aftermath of the Fed's indication that it may start dialing back its multi-billion dollar monthly purchases of Treasury and mortgage backed securities has sent mortgage rates to record highs.
If you're thinking of buying a home, this may be one last chance for finding the best deal on mortgage rates; meanwhile, home prices continue trending up as well.
Here's the scoop on last week's activity affecting real estate markets:
Tuesday's Case-Shiller Composite Indices for April demonstrate the momentum of recovery in many housing markets. As of April, national home … (2 comments)

mortgage: How To Improve Your Credit Score For Better Financing Terms - 06/28/13 01:22 PM
Imagine that you've found the perfect home and are ready to apply for financing. Your home loan approval amount comes back lower than you would have expected and at an interest rate significantly above what you have heard is available on the market.
This could be because you have an average to poor credit score.
Mortgage lenders base interest rates on many things, but your credit score plays a large part. Anything between 720 and 850 will typically qualify for better interest rates. A mediocre score is usually between 660 and 719, and a low score is 659 and under.
If … (0 comments)

mortgage: 5 Important Tips To Help Smooth Your Move With Teens In The Home - 06/27/13 05:08 PM
You've got a new job offer across the country and you are planning to pack your things, buy a home and make the big move.
However, when you tell your 17 year old daughter your plans, she lets out a mournful wail and cries that it is not fair. How can you possibly take her away from all of her friends, her favorite hangout spots and the cute boy she just started seeing?
Moving is a difficult transition and it is often even more traumatic for teenagers. The teenage years are an important stage where young adults establish their individuality and … (0 comments)

mortgage: 3 Clever But Simple Ways To Get Your Home Mortgage Paid Faster - 06/25/13 05:26 PM
Paying off the mortgage on your home faster means that you will not only have the satisfaction of owning your own home sooner, you will also have the benefit of paying much less in interest over the years.
The faster you pay off your mortgage, the more money you can save, so here are some tips to accelerate your payment schedule.
Pay Your Mortgage Every Other Week (Bi-Weekly)
Did you know that if you take your monthly mortgage payment and divide it in half and then pay it every two weeks that you will end up making a full extra month of … (0 comments)

mortgage: What's Ahead For Mortgage Rates This Week - June 24, 2013 - 06/24/13 02:35 PM
Comments by Fed chairman Ben Bernanke after Wednesday's FOMC meeting caused havoc in financial markets as investors anticipated the potential effects of any rollback of the Fed's policy of quantitative easing (QE). Chairman Bernanke said that the Fed may begin reducing its $85 billion monthly purchase of Treasury securities and MBS toward the end of this year.
The chairman made it clear that any decision concerning QE would be based on careful review of current and developing economic conditions. QE is intended to keep long-term interest rates low; any reduction of the QE securities purchases could cause mortgage rates to rise.
Economic News … (0 comments)

mortgage: Federal Open Market Comm Steady w/Mortgage Backed Security Investments - 06/21/13 08:31 PM
The Federal Open Market Committee (FOMC) of the Federal Reserve decided to continue its current policy of quantitative easing (QE) based on current economic conditions. The Fed currently purchases $40 billion in mortgage-backed securities (MBS) and $45 billion in Treasury securities monthly.
Objectives for the QE program include:
Keeping long term interest rates, including mortgage rates, low Supporting mortgage markets Easing broader financial conditions FOMC repeated its position of evaluating QE policy based on inflation, the unemployment rate and economic developments.
Members of the FOMC determined that keeping the federal funds rate between 0.00 and 0.25 percent until the … (2 comments)

Michael Haigh (W J Bradley / The Michael Haigh Team) Rainmaker large

Michael Haigh

Burlingame, CA

More about me…

W J Bradley / The Michael Haigh Team

Address: 1860 El Camino Real , Suite 250, Burlingame, Ca, 94010

Office: (650) 204-3311

Mobile: (415) 269-4461

Email Me




RSS 2.0 Feed for this blog

Credit Card Processing