mortgage planning: Recently Closed - Cash-Out Refinance in Downingtown, PA - 10/09/18 08:48 PM
Recently Closed - Cash Out Refinance in Downingtown, PA
 
 
     Have you heard the latest news on consumer debt?  Well, the gist is that it's high.  Really high.  Like, higher than it's been since before the 'Great Recession'.  While mortgage debt and student loan debt are leading the way due primarily to the large loan balances usually associated with these types of debt, another class of debt has achieved all time highs, too.  'Revolving' debt, or it's more common name, credit card debt.
 
 
     Recently, a past client and friend reached out with some bad news - due to some medical … (1 comments)

mortgage planning: Is a shorter term mortgage a good idea? - 01/27/15 10:25 AM
Is a shorter term mortgage a good idea?
 
 
     With rates dropping steadily for the past decade, I've lost count of the times I've helped clients refinance to shave years off of their mortgage.  This is a great way to save a ton of money, reduce interest paid to the banks, and plan for retirement.  In fact, getting a shorter term mortgage is often such a good idea that many people believe that a shorter term mortgage is ALWAYS the best plan.  Some people have been surprised when I've told them a short term mortgage is NOT in their … (21 comments)

mortgage planning: Flexing the ARMs - 11/07/14 06:08 AM
Flexing the ARMs
 
     In the mortgage industry, there are some dirty words.  Aside from the more obvious ones like "denied" and "dead deal" are some that are more industry jargon than well understood concepts.  When speaking with a consumer, many lenders fear the mention of these dirty words might cause borrowers to look elsewhere, so many times the words are never spoken.  One of these dirty words is "points" and I just did a write-up that hopefully helps clean that one up.  Another word amongst the dirtiest to many borrowers is "ARM".
 
     I know, I know, ARMs are the devil - … (28 comments)

mortgage planning: Providing a lower standard for minorities - 07/02/14 08:55 AM
Providing a lower standard for minorities
 
 
NO.  Just NO.
 
 
     I recently read an article on mortgage news daily (entire article can be found here) that promotes the idea that for home ownership rates among minorities to increase, credit standards will need to be lowered by lenders.  For what?  For origination volume to increase?  For banks to continue pulling in volume and money?  To keep stock prices nice & juicy?  At whose expense?
 
 
     This article doesn't just annoy me, it angers me.  Have we forgotten what just happened a few years ago when we … (33 comments)

 
John Meussner, #MortgageMadeEasy Fair Oaks, CA 484-680-4852 (Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI)

John Meussner

#MortgageMadeEasy Fair Oaks, CA 484-680-4852

Fair Oaks, CA

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Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI

Address: 23441 S Pointe Dr, Ste 110, Laguna Hills, CA, 92653

Office: (949) 247-7530

Mobile: (484) 680-4852



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