cash out: It's 2018. Will I Lose My Tax Deduction if I Refi? - 12/31/17 07:02 AM
It's 2018.  Will I Lose My Tax Deduction if I Refi?
 
If you're asking this question, I'm going to go out on a limb and say you're experiencing some anxiety right about now.  But no matter how bad it gets, realize things could always be worse.  You could be the Internal Revenue Service and tasked on a couple weeks' notice with retooling your shop to both comprehend and implement the Tax Cuts and Jobs Act.  So whether you're a homeowner, a CPA, a Californian, an IRS employee or a blue state Democrat, let's wash down a couple of Xanax with a strong martini … (21 comments)

cash out: Unlocking a HELOC Mystery - 09/26/17 06:58 AM
Unlocking a HELOC Mystery
 
If you could create a client-facing "tip sheet" for your business, a simple punch list of things to do and not-to-do, what would be on that list?  You know, the items that always seem to fly under the radar of public knowledge and wisdom, but the ones that frequently undermine the best-of-intentioned customers?  I'm sure all of us have this wealth of "insider knowledge" that we'd love to share with the public and, as a result, save them from the misery and inconvenience of being counted among the unfortunate and unsuspecting.
 
High on my list would be an explanation of … (3 comments)

cash out: What Happens When You Flip-Flop On Your Home's Listing? - 09/06/17 06:03 AM
What Happens When You Flip-Flop On Your Home's Listing?
 
Oh how we love to skewer our politicians for their changes of heart and mind:
 
"I was for the Iraq war before I was against it." 
 
Or:
 
"Read my lips.  No new taxes." 
 
Or, better still:
 
"You're going to have such great health care, at a fraction of the cost, and it will be so easy."
 
So once your raucous laughter dies down, let's think about what happens when a homeowner lists a house for sale, then, for whatever reason, changes his mind and takes the property "off the market?"  We'll assume this owner contemplates two scenarios from there:
 
(3 comments)

cash out: Can I Consolidate My Student Loans with My Mortgage? - 05/31/17 05:48 AM
Can I Consolidate My Student Loans with My Mortgage?
 
Let's face it, buying a home is hard enough.  But if you've been able to do so while still holding some of the debt accumulated during your college and post-graduate years, your life is about to get a little easier.
 
New cash-out refinance guidelines make it easier for homeowners with student loan debt to refinance and consolidate their educational loans along with their mortgage, so long as the following requirements are met:
 
At least one student loan must be paid off. Loan proceeds must be paid directly to the student loan servicer at closing. Only student … (4 comments)

cash out: Consolidation Refinances Reign Supreme - 04/18/17 07:18 AM
Consolidation Refinances Reign Supreme 
 
"Someday I'd really like to see these loans together."
 
No, that was never a hit song in the '60's but it is a situation that we encounter frequently in the world of loan origination.  It's a scenario that occurs where a homeowner has both a first and second mortgage and would like to consolidate the two into a single, usually fixed rate, loan.  We'll call this a consolidation refinance for now, and we'll distinguish it from a "debt consolidation" refinance for the purposes of this discussion because a debt consolidation refinance usually implies combining the existing mortgage balance with … (1 comments)

cash out: Not Your Grandfather's Stated Income Loan - 02/14/17 06:18 AM
Not Your Grandfather's Stated Income Loan
 
Stated income.  No other phrase in the realm of home lending evokes as many good and bad memories, does it?  For some --- mostly loan originators who wore an ethical stripe of a different color --- the days of the liar loans are fondly remembered as "the boom years."  So too by their customers, suspecting or otherwise.  Though in that case the "boom" signaled the implosion of their financial houses, often along with the four walls they inhabited.
 
But we're not going down that memory lane again today and we're definitely not talking about some no doc … (20 comments)

cash out: Breaking Up (Is Subject to Guidelines and Restrictions) - 01/28/17 05:22 PM
Breaking Up (Is Subject to Guidelines and Restrictions)
 
When we look at our refinance business, not a small percentage of it is driven by the scenarios where one spouse buys out the equity of the other, as stipulated in a divorce decree.  Sometimes when we are presented with a divorce buyout refinance we have to educate all the parties to the transaction on how to navigate the lending guidelines that govern these situations and, as you might expect, divorce buyouts are often done in a stressful environment.  So for those who may be looking to get an overview and understanding of the process, … (25 comments)

cash out: Cash Out Refinance of Free and Clear Property - 08/09/13 01:06 AM
 
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cash out: Weekend Availability + All Cash is Super (Jumbo)! - 03/30/12 06:48 AM
 
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cash out: California Mortgage Rate Update: 10/03/11 - 10/03/11 11:27 AM
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cash out: Cash Out Refinances - 08/08/11 08:22 AM
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cash out: Weekend Availability + Good News for Cash Buyers - 07/22/11 07:31 AM
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Rob Spinosa, Vice President of Mortgage Lending, Marin County (Guaranteed Rate, Marin County, CA) Rainmaker large

Rob Spinosa

Vice President of Mortgage Lending, Marin County

San Anselmo, CA

More about me…

Guaranteed Rate, Marin County, CA

Address: 324 Sir Francis Drake Blvd., San Anselmo, CA, 94960

Office: (415) 367-5959

Mobile: (415) 367-5959

Email Me

REX Homebuyer Participating Lender 80-10-10 Loans What Happens if My Appraisal Comes in Low? Can I Get a Cosigner on a Mortgage?


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