Supporting My Builders and Realtor Partners

I have been focused on lending for builders and new construction for 15 years. Regulation and fees now amount to 40% of the cost to build in San Diego. It is going to be easier to sell existing homes as the cost to build new ones is getting out of hand.New homes aren’t being built, and constructi...

There are only three meetings left this year for the Federal Open Market Committee, and the likelihood they’ll raise interest rates in one of them looks slim. Judging by the latest meeting minutes, the Fed isn’t making any sudden changes, per usual.Read the source article at U.S. Housing Finance ...

 The building industry is so important to the health of our economy and our communities. Everyone in the Real Estate business should find out how they can help support the industry that is building what we need to sell. Are you thinking of joining the BIA of San Diego? Now is a great time for you...

I was discussing locking a loan with a client on a Jumbo loan here in San Diego. They were buying a million dollar home and needed an $800,000 loan. I asked him his exit strategy to determine how long he thought he would be in the home. I asked because I thought I could get him a 10 year ARM at 3...

You’ve probably heard the words “lowest rates” often in the last few years, but as of yesterday, interest rates fell to the lowest they’ve ever been!Since the United Kingdom voted to leave the EU, interest rates in the U.S. have been dropping, and as of August 1st, they’ve fallen lower than ever ...

Great news this morning.For the first time in 20 years one third of the over 5 million Home Buyers were First Time Home Buyers.That is good news on two fronts, the number of sales was up 1.1%, and it means that NEW buyers are find solutions to finance their  American Dream!I have been lending for...

 We get it. Deciphering mortgage terminology is like solving a Rubik’s Cube sometimes! You just want to throw your hands up in the air and say, “I give up! Somebody else figure this out for me!”That’s what I am here for – to answer your most complex and confusing questions about the mortgage indu...

Brexit may be bigger than we anticipated!Great Britain surprised the world by voting to leave the European Union, but the effects of the decision can be felt around the world and in all sorts of different industries.For home buyers or refinancers in the United States, the Brexit is actually good ...

  Well it is not what I was hoping for, but the British people decide to exit the EU.    What does that mean for the US? Well from the lending side it means rates are low and likely to stay that way. Even if Brexit is not the best for the global economy it does present a great opportunity to buy ...

This is a must read! So well written and on point, everyone can take something from it. Lessons Learned Over the Last 36 Years The past few decades I have spent in the real estate business. When I got my license I admit I wasn't committed to it being a career. It seemed like the thing to do for a...