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!



Who do you know who is buying a home? Do them a favor and share THE TRUTH BEHIND MORTGAGE QUOTES to insure they make the wisest decisions pertaining to the overall cost of their mortgage: both up front and along the way. Below is a daily report which is intended to provide transparency over what ...
How to purchase a home with a Reverse Mortgage is a topic that all Real Estate Agents and Financial Planners should become familiar with. As the Baby Boomers continue to mature, this particular strategy will become more popular. Consider the following economic facts to support this claim. Retiree...
How many properties can be financed at once nowadays?  There are so many interpretations floating around, that I felt compelled to explain this current underwriting guideline. There are 3 "occupancy types" to be identified when determining how many properties can be financed at once: Owner Occupi...
Are you currently applying for a mortgage loan and seeking the best mortgage rates? The logical first step in the process is to inform yourself of the facts by reading THE TRUTH BEHIND MORTGAGE QUOTES. Below is a daily market report to help you better understand the direction rates are moving. Th...
After a rocky day on Wednesday, the market ended up exactly where it opened. What will rates do moving forward? The article below has been designed to help Consumers not only understand interest rate activity, but also become more aware of THE TRUTH BEHIND MORTGAGE QUOTES to better allow the wise...
Not a good day for mortgage rates yesterday as the market worsened a whopping 27 basis points. Are you presently pursuing a mortgage loan? Would you like to understand THE TRUTH BEHIND MORTGAGE QUOTES before making a financial decision that will effect your family for the next 30 years? See below...
Who do you know who is considering a mortgage refinance? Do them a favor and help them learn THE TRUTH BEHIND MORTGAGE QUOTES to insure that they make the smartest decision possible. For more reports like the one below, please visit The Mortgage Street Smarts of where mortgag...
Another day, another improvement for mortgage rates. If you have not already refinanced your existing mortgage, what exactly are you waiting for? Interest rates historically tend to move up and down on a chart (similar to a heart monitor). By locking in rates now, you will be securing some of the...
How to finance your Closing Costs when buying a home is a question I am constantly asked by Buyers who are seeking to minimize the amount of cash they "come to the table with" when determining their funds to close.  The following information will hopefully help you understand the context of these...
How to calculate FHA mortgage payments now that the most recent Monthly Mortgage Insurance changes have been implemented. How to calculate FHA mortgage payments Step 1: Determine the loan amount Purchase Price x .965 = Base Loan Amount (assuming the Borrowers opt for the minimum 3.50% down paymen...

Jason E. Gordon

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