refi: How a Refinance Can Drive Down Your Monthly Expenses - 08/12/19 07:49 AM
How a Refinance Can Drive Down Your Monthly Expenses
 
While all real estate may be local, so too is it true that one homeowner, confronted with the opportunity to save $250 per month through refinancing, for example, may view that as a significant financial relief while another may feel it's not even worth it to get off the couch to consider going through the hassle of the loan process.  As we work into the second half of 2019, there is no mistake that the low rate environment we are enjoying again is providing opportunities for homeowners to refinance.  Often in these cases, having an … (11 comments)

refi: Should I Refinance into a 15-Year Fixed Rate Mortgage? - 08/03/19 07:46 AM
Should I Refinance into a 15-Year Fixed Rate Mortgage?
 
With the Federal Reserve tongue-tied and twisted and an easy trade war time-tripping into the future, we find ourselves the beneficiaries of another very appealing low interest rate environment here in the second half of 2019.  This stands to benefit many who have mortgages at higher rates and even some who may not fit that exact bill, but who are focused primarily on reducing the term of their loan and perhaps paying their entire balance off at a faster rate.  We are seeing a number of homeowners who are seeking to determine if … (12 comments)

refi: When Is a Good Time to Refinance? - 05/27/19 08:11 AM
When Is a Good Time to Refinance?
 
There's that great, old maxim that goes, "There are two kinds of jobs in the world; the kind you shower before and the kind you shower after."  And in that spirit, I would offer that there are two kinds of refinances in the world --- the kind you transact because you want to and the kind you pursue because you must.  We'll cover both here and we'll talk about when it may be a good time to consider refinancing your home.  But first, some basics.
 
Refinancing your mortgage(s) allows you to change the terms of your … (3 comments)

refi: Will My California Property Taxes Go Up if I Refinance? - 02/28/19 07:25 AM
Will My California Property Taxes Go Up if I Refinance?
 
I would be willing to bet that each year, good financial benefit gets left on the table by those who want to refinance their mortgages but are afraid that by doing so, they may see their California property taxes go up.  Is this concern founded?  Can that really happen?
 
In short, no.  California property taxes are not reassessed when a homeowner refinances his or her mortgage.  And the simple reason for this is that there is no transfer of title that would trigger the tax basis to be reassessed by the County Assessor.  When … (0 comments)

refi: Debt Con Goes DEFCON - 09/30/18 07:51 PM
Debt Con Goes DEFCON
 
Back in the Cold War era, the Joint Chiefs of Staff implemented a new system to indicate military readiness and they called it the 'defense readiness condition,' or DEFCON.  They gave it five levels, "1" being imminent nuclear war.  So let's use this model --- along with some crafty adaptations --- to demonstrate how debt consolidation refinances can also reach critical levels as a consumer manages his finances along with the value of the his home.  It's important to remember that managing your mortgage and other debts always requires vigilance, just like military preparedness.  With a nod to … (10 comments)

refi: Bank Statement Jumbo Mortgage - 04/04/18 07:36 PM
Bank Statement Jumbo Mortgage
 
It is no secret that the self-employed have their share of challenges when it comes to getting a home loan.  And why wouldn't they?  On one hand, their tax professionals spend hours maximizing their deductions and helping them "write off" every allowable expense and on the other hand, their mortgage loan advisor tells them they have to show more income in order to qualify.
 
The difference of intentions is like two trains moving in opposite directions...
 
Yet, there may be a solution for some of these borrowers.  On both the purchase and refinance side, we have a jumbo mortgage program that … (1 comments)

refi: 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)

 
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

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