mortgage: Homeowner equity in the last 12 months hits 1 trillion! - 12/28/18 10:54 AM

Source: Corelogic
Nationally, homes with negative equity was 4.7% in the first quarter of 2018. 640,000 borrowers moved into a positive equity position from the 1st quarter of 2017 to the 1st quarter of 2018 Mortgaged equity increased by 1 trillion from the 1st quarter of 2017 to the 1st quarter of 2018, which is an annual increase of 13.3%. In five years home owner equity doubled. I remember joining Active Rain back in 2009 when people were struggling due to negative equity and real estate transactions were scarce. I had the opportunity to make a lot of friends here!  Unfortunately … (0 comments)

mortgage: Great referral! - 11/10/18 11:47 AM
Not bragging just celebrating! So nice to know that I am acknowledged by my referral partners in California for building a business based on trust and ethics. Thank you Chris Sylvada! 
… (0 comments)

mortgage: Oceanfront Condominiums at 100 Coast Blvd in La Jolla, CA - 07/10/10 07:57 AM
 
Looking for oceanfront condominiums in highly desirable La Jolla?  Take a look at these beautiful properties highlighted by Susan Laxson, La Jolla's premier  real estate agent!
Need a competitive jumbo loan to go with one of these fabulous properties?  Look no further!  We have aggressive 30 and 15 year fixed rate jumbo loans from a portfolio lender which means you'll get a loan that others won't offer and without the hassle. 
Ask us about our jumbo 30 year fixed rate loans for condominiums as low as 5.75%!  APR 6.14% 80% max LTV Loan amount for condo up to $700,000 750+ … (2 comments)

mortgage: Mortgage rates for Escondido California July 8, 2010 - 07/08/10 04:18 AM
Click below to get July 8, 2010 Escondido mortgage rates for FHA, Conventional and VA home loans. 

There is no need to leave any personal information to get an accurate quote. 
Estimated cost of the loan is expressed with APR and a dollar figure so you know what it will cost you including all third party fees.  Because our mortgage rates are updated every 30 minutes, if you visit our rate page on a future date it will reflect rates for that day that you visit.  
We are a direct lender with offices in San Diego, throughout … (0 comments)

mortgage: Mortgage rates for La Jolla California July 8, 2010 - 07/08/10 04:15 AM
Click below to get July 8, 2010 La Jolla mortgage rates for FHA, Conventional and VA home loans. 

There is no need to leave any personal information to get an accurate quote. 
Estimated cost of the loan is expressed with APR and a dollar figure so you know what it will cost you including all third party fees.  Because our mortgage rates are updated every 30 minutes, if you visit our rate page on a future date it will reflect rates for that day that you visit.  
We are a direct lender with offices in San Diego, … (1 comments)

mortgage: Mortgage rates for Del Mar California July 8, 2010 - 07/08/10 04:09 AM
Click below to get July 8, 2010 Del Mar mortgage rates for FHA, Conventional and VA home loans. 

There is no need to leave any personal information to get an accurate quote. 
Estimated cost of the loan is expressed with APR and a dollar figure so you know what it will cost you including all third party fees.  Because our mortgage rates are updated every 30 minutes, if you visit our rate page on a future date it will reflect rates for that day that you visit.  
We are a direct lender with offices in San Diego, … (0 comments)

mortgage: Mortgage rates for Encinitas California July 8, 2010 - 07/08/10 04:02 AM
Click below to get July 8, 2010 Encinitas mortgage rates for FHA, Conventional and VA home loans. 

There is no need to leave any personal information to get an accurate quote. 
Estimated cost of the loan is expressed with APR and a dollar figure so you know what it will cost you including all third party fees.  Because our mortgage rates are updated every 30 minutes, if you visit our rate page on a future date it will reflect rates for that day that you visit.  
We are a direct lender with offices in San Diego, all … (0 comments)

mortgage: Mortgage rates for Oceanside California July 8, 2010 - 07/08/10 03:58 AM
Click below to get July 8, 2010 Oceanside mortgage rates for FHA, Conventional, USDA and VA home loans. 

There is no need to leave any personal information to get an accurate quote. 
Estimated cost of the loan is expressed with APR and a dollar figure so you know what it will cost you including all third party fees.  Because our mortgage rates are updated every 30 minutes, if you visit our rate page on a future date it will reflect rates for that day that you visit.  
We are a direct lender with offices in San Diego, … (0 comments)

mortgage: Mortgage rates for Carlsbad California July 8, 2010 - 07/08/10 03:54 AM
Click below to get July 8, 2010 Carlsbad mortgage rates for FHA, Conventional, USDA and VA home loans. 

There is no need to leave any personal information to get an accurate quote. 
Estimated cost of the loan is expressed with APR and a dollar figure so you know what it will cost you including all third party fees.  Because our mortgage rates are updated every 30 minutes, if you visit our rate page on a future date it will reflect rates for that day that you visit.  
We are a direct lender with offices in San Diego, … (0 comments)

mortgage: Loan officer, banker & broker - are they different? - 06/21/10 07:50 AM

Lending money and assembling a loan file to get the money are two separate things.  People who assemble your loan file are all called "loan officers." You can hire and pay the loan officer at the bank or hire an independent loan officer (mortgage broker) to complete this task for you.
Example: Take your car to the dealer (bank) or to an independent mechanic (broker).
Banks lend their money and only offer loan programs that they have.  They do not shop various lenders and do not have the flexibility to go to a diffferent bank to get money if your … (33 comments)

mortgage: Getting an interest only loan? You'd better hurry! - 06/14/10 12:53 PM

Fannie Mae and Freddie Mac have announced some changes in interest only amortization loans. These changes are being made to 5 year and 3 year fixed adjustable rate mortgages (ARM).
The following interest only products are no longer eligible for delivery to Fannie Mae: Cash out refinances Investment properties 2 to 4 unit properties
The following transactions are still eligible: 1 unit purchases Rate and term refinances (no cash out)
 
New Requirements:
Must be a primary residence or second home Maximum loan to value and combined loan to value of 70% Minimum credit score of 720 … (9 comments)

mortgage: May I ask, what's in your wallet? - 05/17/10 04:31 AM

In recent years, there has been an explosion in the number of credit card issuers and - perhaps more confusing - in the types of rewards being offered by those credit cards.  You not only need to consider the rate and terms of your credit card but also what rewards or other benefits it offers. The following information can help you consider what types of rewards are out there and which is best for you. Airline Miles: If you travel frequently, then maximizing your airline miles may be the very best reward. And if you primarily fly on a single … (19 comments)

mortgage: 4 ActiveRain Members Working Together = 1 Successful Transaction - 05/11/10 04:58 AM
 
I did not re blog this as a means of self promotion.  Those of you reading my blog already know me.  I chose to reblog this to share the power of Active Rain.  Many of us may have or still do use professionals that allow us to do our jobs whether it be closing attorney's, escrow officers, agents, loan officers etc. that are not in the Active Rain community. Newcomers to Active Rain who aren't sure if blogging is really worth their time, here is your proof.  I didn't know any of these fine people 2 years ago and here … (6 comments)

mortgage: Face reality, you'll always be a renter - 04/14/10 02:59 PM
If the current opportunities and incentives aren't enough to get you serious about real estate then face reality, you'll always be a renter.  Well, maybe not always but you would've squandered an historical opportunity to make a nice profit from buying a home.  California residents who are in contract by April 30th 2010 will receive better incentives than most other States.
 
A lot of wealthy people created their wealth from real estate.  Why not follow their lead?  Most started with a condo or a starter home and kept buying. Imagine if you owned 3 rental homes free and clear, collecting … (70 comments)

mortgage: Do you enable the banks using TARP funds to pay huge bonuses? - 04/07/10 06:11 AM
Some choose to pay more for a mortgage at a bank because of trust. They know a big name, assume they can’t do much better and feel protected.  In my opinion those who do are enabling banks that took TARP money due to poor management and then paid themselves huge bonuses.
15 minutes could save you 15% on your mortgage fees.  A loan from a large bank could cost $30,000 or more over 30 years compared to a brokerage or small to mid sized lender. 100 million dollars was spent to place a name on the side of a sports stadium. … (3 comments)

mortgage: What's the 30 year fixed rate and what will it cost me? (3/10) - 03/29/10 12:59 PM
You don't care about some boring explanation as to why.  What's the 30 year fixed rate and what will it cost me? We advise you on what we think rates will do. Our firm monitors market conditions and tracks mortgage backed securities. This ensures you'll get first class service at a competitive price. Get rates.
Frustrated by inconsistent 30 year fixed rate advertisements?  We make it simple for you.  We post the most current up to the minute 30 year fixed rates (and other loan programs) on our site because rates can change throughout the day. Many lenders fail to … (0 comments)

mortgage: I've been told to LIE to my clients, or else. - 03/23/10 02:01 PM
 
 

 
Lie: A fiction; a fable; an untruth.
 
I’ve been told to lie to my clients, or else.  If I don’t lie, I  will be asked to pay thousands of dollars.  Lying is in the best interest of the consumer and is there to protect them. All honest mortgage loan officers must now lie about their loan charges.
The Mortgage Disclosure Improvement Act or MDIA requires that we include "seller transfer tax" and the “sellers cost” of owners policy for title insurance in the annual percentage rate (APR) on the truth in lending disclosure and new good … (14 comments)

mortgage: Rising home prices in Poway says Francesca Levy of Forbes. Tax credit expires soon! - 03/01/10 04:55 AM


Poway and many other communities are beginning to see values rise.  The fed is anticipated to allow the tax credit to expire and will stop buying mortgages from Fannie Mae and Freddie Mac.  This means mortgage rates will likely rise moderately, incentives for buying a home will expire leaving you with a more expensive transaction when buying a home.
Waiting for the housing market to hit bottom?  Many reports are indicating that the housing market in San Diego County has already hit bottom and homes are being bought quickly.  You'll see values increase before the rest of the economy … (4 comments)

mortgage: Carlsbad mortgage professional - 02/27/10 12:06 PM
Searching for a Carlsbad mortgage professional?  Tired of surfing the web staring at names? Sick of calling customer "no service" and being routed to voice mail or worse getting a "loan consultant" that doesn't know loans? 

You can stop now because you found Carlsbad's premier mortgage company!  Founded in 1977 we have helped California residents find low rate and low fee loans to purchase and refinance their homes. How many other mortgage companies in Carlsbad have over 30 years experience?
 
Let me introduce myself!
I attended and graduated from the Army and Navy Academy  1980-1984 in the heart of … (1 comments)

mortgage: Search homes for sale in Beaverton - Portland and Oregon mortgage rates 2-25-2010 - 02/25/10 03:34 AM
Search homes for sale in Beaverton Oregon but remember there are two things you need to do before making an offer to purchase:
1)  Get pre approved  2)  Find a buyer agent to show you properties and represent you

 

 
 
 
 
Click on the house below for current Oregon  mortgage rates for Portland, Beaverton and Multnomah County.  Advertised mortgage rates normally aren't accurate because mortgage rates change constantly.  Sometimes they will change several times in one day! With the higher than national average home  prices in Multnomah county it's more important than ever to make sure … (1 comments)