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!

ARCHIVED BLOG POSTS

2014 

Protect Your TransactionSM (PYT) provides all parties to a real estate transaction with peace of mind that the Lender will deliver on its commitment to close on time. Take a moment to learn more about PYTSM in this article, and then ask the obvious question: "Why would I use a lender that doesn't...
09/30/2014
Global bond yields declined overnight.  Global bond yields declined overnight, lifting MBS this morning. Today's US economic data came in very close to expectations and had little impact. Compared to Friday's closing, the market has opened with a 0.125 IMPROVEMENT for the Points/Credits associate...
09/25/2014
  Understanding San Diego Property Taxes can oftentimes be difficult...especially with all of the incorrect information floating around cyberspace.  The following information is taken directly from the San Diego County Treasurer website in an effort to help you understand the facts about San Dieg...
09/23/2014
Existing Home Sales came in slightly below the consensus. No further economic data will be released today. Compared to Friday's closing, the market has opened with a 0.125 - 0.250 IMPROVEMENT for the Points/Credits associated with any given interest rate option. This daily mortgage interest rate ...
09/22/2014
Weaker than expected economic data has lifted Mortgage Backed Securities slightly this morning. August Industrial Production declined 0.1% from July, below the consensus for an increase of 0.3%. This report far offsets the strong Empire State Regional Manufacturing Index, which rose to 27.5%, far...
09/15/2014
There is constantly a disconnect in the way property value is perceived through the eyes of an Appraiser versus the eyes of a Real Estate Agent.  The best way to bridge this gap is proper communication and education as to the specific measures taken by an Appraiser to render the final opinion of ...
09/12/2014
The bad run on rates continues...! Compared to Thursday's closing, the market has opened with a 0.250% WORSENING for the Points/Credits associated with any given interest rate option. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual...
09/12/2014
Mortgage Backed Securities are starting off the month on the defensive as the long holiday weekend provided little in the way of geopolitical headlines. The ISM Index & Construction Spending both came in above expectations. Compared to Friday's closing, the market has opened with a 0.250% WORSENI...
09/02/2014
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Jason E. Gordon

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