Mortgage Street Smarts

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Mortgage and Lending - AmeriFirst Financial Inc, San Diego, CA - NMLS 259027
From a young age, we learn the difference between BOOK SMARTS (knowledge learned in the school classrooms) and STREET SMARTS (what we learn in the "Real World"...often the hard way). There are no shortage of websites providing the BOOK SMARTS of the Mortgage Industry, but there are very few resources a Consumer has to learn about the STREET SMARTS of the Mortgage Industry. Please feel free to SUBSCRIBE (for free) to this ongoing source of truthful knowledge (without the worry of a "sales spin" buried somewhere in the message). After all, we tend to make better decisions when armed with the facts...the purpose of this blog is to provide FACTS by teaching you the MORTGAGE STREET SMARTS necessary to run your business (if you are a Real Estate Professional) or to make the best decisions for your family (if you are a Consumer). Enjoy!
RECENT BLOG POSTS
How do you calculate the "New Loan Amount" on a Mortgage Refinance?  (Why is my "New Loan Amount" so much higher than my current balance?) These questions are common when refinancing, so let's take a deep dive at the details. When refinancing, there are 4 "parts" to the NEW Mortgage Loan Amount: ...
09/19/2020
What are the rules for using Child Support and/or Alimony as "Qualifying Income" for a Mortgage Loan Application? There is often a disparity between "Real Income" (the amount of money we actually receive) and "Qualifying Income" (the amount of income that is recognized on a mortgage loan applicat...
07/20/2020
In life, we are accustomed to advanced warning for changes impacting the law and/or tax codes.  We often see the words "Effective January 1st" before details of the impending changes.  In the mortgage industry, we often hear the words "Effective Immediately" with respect to changes (i.e. we are n...
07/16/2020
If you are a California Real Estate Agent, I highly recommend you become a member of The Career Compass Real Estate Sales Training.  CLICK HERE to visit their website to learn more about how they can assist you with the process of acquiring your CA DRE CEU's for License Renewal, learn timely busi...
05/02/2020
Among the new buzzwords for 2020 is "Forbearance" (as over 3 Million Forbearance arrangements have already been made between Borrowers and Mortgage Servicers at the time of this post).In short, there are dangers of Forbearance!  Please CLICK HERE to view a full broadcast of my guest host appearan...
04/21/2020
If you are a California Real Estate Agent, it is highly recommended that you attend The Career Compass Real Estate Success Seminar. Visit www.TheCareerCompass.com for seminar details.While we currently remain indoors, The Career Compass has started a daily Facebook Live meeting each day at 3pm PS...
04/10/2020
PLEASE CLICK HERE TO ACCESS VIDEOOn Thursday, April 9, 2020 Jessie Wright (Owner of San Diego Real Producers Magazine) interviewed:Jason Gordon - AmeriFirst Financial (Mortgage Lender)Henish Pulickal - eXp Realty (Residential Real Estate Agent)Jason Melim - Lawyers Title (Title Insurance Speciali...
04/10/2020
Learn more about the 4 Puzzle Pieces that nearly every Divorcing Homeowner must connect before their divorce is finalized. Video footage taken at The Career Compass Real Estate Seminar at Pechanga Resort (in Temecula, CA) on January 17, 2020.  Special thanks to The Divorce Lending Association for...
04/10/2020
Let’s do some ‘mortgage forbearance math’ to help display a bigger picture of what we currently face.Mom and Dad have a mortgage payment of $2,500 per month.Dad gets laid off from work.Dad hears all of the media reports that “Mortgage Lenders must grant you a forbearance if you have been adversel...
04/07/2020
Beware of where you get your facts about the Mortgage Industry.  Between the Media and Politicians, there is a high probability of fragmented and/or slanted information being disseminated over the airwaves.  In this video below, you will hear from an industry professional providing a summary of w...
04/02/2020
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Jason E. Gordon

Sr. Loan Officer, CMPS, CDLP, CDRE, RCS-D, CDPE
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