rob spinosa: Marin County Vote by Mail Ballot Drop-Off Locations - 10/18/20 08:54 AM
Marin County Vote by Mail Ballot Drop-Off Locations
  
This election cycle, there has been much disinformation propagated about voting by mail, and in an effort to help fellow community members arrive at the truth, I am providing below the drop-off locations as an additional way to submit your ballot prior to November 3.  To receive an absentee ballot, you must have first registered online.  Once you've received and completed your ballot you can mail it back or drop it off.  At any time, if you need help or additional information, you can access it at www.marinvotes.org.
 
San Rafael
Albert J. Boro Community Center, 50 Canal … (1 comments)

rob spinosa: Form 1098 and Your Mortgage Interest Statement - 01/09/20 08:46 PM
Form 1098 and Your Mortgage Interest Statement
 
"At first you go bankrupt slowly, and then all at once."  This quote has been attributed to Ernest Hemingway, Mark Twain and even F. Scott Fitzgerald.  Indeed, it's a great one, though fortunately I cannot personally attest to its veracity.  Nevertheless, it does touch on a concept I want to cover at a particular time of year --- from about mid-January to the end of February.  It is during these weeks that most of us gradually give up our moorings to the previous year and then suddenly realize that we need to start planning to file … (1 comments)

rob spinosa: What Kind of Insurance Do You Need When You Buy a House? - 01/07/20 07:48 AM
What Kind of Insurance Do You Need When You Buy a House?
 
Let me start by saying that I'm not in the insurance business, but that the insurance business is in mine.  And my business is helping home buyers and homeowners get a great mortgage.  So just what are the insurance requirements when you buy a home or go to refinance a mortgage on residential real estate you own in California?  Why does your lender care about the insurance coverage you keep?  
 
Homeowner's Insurance
Also known as "hazard insurance," or "fire insurance," this is the key policy you will be required to carry if … (23 comments)

rob spinosa: The Haunted Loan Process - 10/13/19 09:44 PM
The Haunted Loan Process
 
As we wind our way closer to Halloween, I wanted to cover a few of the graveyard variety hobgoblins of the mortgage process.  You know, the things our clients don't tell us at the start and that later come back to haunt their home loan transaction like so many nightmares on Friday the 13th.  The goal here is not to scare the prospective borrower, but instead to provide fair warning about the actions you can take or avoid at the start of your application that will help you close your loan on time and without undue stress.  Let's … (27 comments)

rob spinosa: Lock Watch for the Week of 4/15/2019 - 04/14/19 09:14 AM
Lock Watch for the Week of 4/15/2019
 
Volatility-O-Meter:
Fairly light week of reports that should mean no fireworks.  But beware every time you issue such a comment...
 
Economicalendar (all times are Pacific):
Mon, 4/15:    Empire State Mfg Survey (5:30am).
Tues, 4/16:     Industrial Production (6:15am), Housing Market Index (7am).
Weds, 4/17:     International Trade (5:30am), Beige Book (11am).
Thurs, 4/18:    Jobless Claims, Philadelphia Fed Bus. Outlook Survey, Retail Sales (5:30am), Business Inventories (7am) and Fed Balance Sheet (1:30pm).
Fri, 4/19:        Housing Starts (5:30am).
 
10-Year Treasury History
2.56%     Market Open
2.51%     One Week Ago
2.59%     One Month Ago
2.83%     One Year Ago
(Need a rate quote for your … (2 comments)

rob spinosa: Lock Watch for the Week of 4/8/2019 - 04/05/19 07:03 AM
Lock Watch for the Week of 4/8/2019
 
Volatility-O-Meter:
Inflation readings and auctions should backdrop an interesting week.
 
Economicalendar (all times are Pacific):
Mon, 4/8:    Factory Orders (7am).
Tues, 4/9:     JOLTS (7am), 3-Yr Note Auction (10am).
Weds, 4/10:     CPI (5:30am), 10-Yr Note Auction (10am), FOMC Minutes and Treasury Budget (11am).
Thurs, 4/11:    Jobless Claims and PPI (5:30am), 30-Yr Bond Auction (10am) and Fed Balance Sheet (1:30pm).
Fri, 4/12:        Import and Export Prices (5:30am), Consumer Sentiment (7am).
 
10-Year Treasury History
2.51%     Market Open
2.49%     One Week Ago
2.62%     One Month Ago
2.78%     One Year Ago
(Need a rate quote for your specific scenario?  Click anywhere on this link.)
 
Paying … (1 comments)

rob spinosa: Is Your Mortgage Lender Requiring Flood Insurance? - 04/02/19 07:40 AM
Is Your Mortgage Lender Requiring Flood Insurance?
 
Up until this point, everything was going great.  You loved the house, it fit your budget and, by the grace of God, your offer got accepted.
 
But then it was your mortgage lender, Dasher of Dreams, who let you know that the property sits in a special flood hazard area, and that it will require flood insurance.  I know --- this is something that should have been revealed earlier in the process, and most often it is, but this time around, the fact that the property may be susceptible to flooding risk came up late and … (2 comments)

rob spinosa: Getting a Mortgage on a Vacation Condo in Hawaii - 03/26/19 06:34 AM
Getting a Mortgage on a Vacation Condo in Hawaii
 
Now that you've snapped out of your daydreams of swaying palm trees and the enveloping comfort of warm tropical air, you may recall that in a previous blog post I covered the things we need to know when buying a second home in Hawaii, and using a jumbo mortgage in the purchase transaction.  But what if, instead, you are looking specifically to buy a condominium to use as a second home?  Are there any tips, tricks and general good advice when it comes to getting a home loan to purchase one of these?  … (2 comments)

rob spinosa: Lock Watch for the Week of 3/25/2019 - 03/23/19 07:26 AM
Lock Watch for the Week of 3/25/2019
 
Volatility-O-Meter:
"I don't know where I'm going, but I sure know where I been..."  We are in uncharted waters this week and the Fed's statement last week creates a new backdrop for rates.  There has been much volatility since the statement and I would expect more still given this week's reports and auctions, but the rate trend is downward, without question.
 
Economicalendar (all times are Pacific):
Mon, 3/25:     Quiet.
Tues, 3/26:     Housing Starts (5:30am), Case-Shiller HPI (6am), Consumer Confidence (10am). 2-Yr Note Auction (10am).
Weds, 3/27:     International Trade (5:30am).  5-Yr Note Auction (10am).
Thurs, 3/28:    GDP and Jobless Claims (5:30am).  … (0 comments)

rob spinosa: Lock Watch for the Week of 3/18/2019 - 03/16/19 07:34 AM
Lock Watch for the Week of 3/18/2019
 
Volatility-O-Meter:
All eyes on the Fed this week.
 
Economicalendar (all times are Pacific):
Mon, 3/18:     Housing Market Index (7am).
Tues, 3/19:     Factory Orders (7am).
Weds, 3/20:     FOMC Meeting  (11am).
Thurs, 3/21:    Jobless Claims and Philadelphia Fed Business Outlook Survey (5:30am).  Fed Balance Sheet (1:30pm).
Fri, 3/22:        Existing Home Sales (7am).
 
10-Year Treasury History
2.60%     Market Open
2.64%     One Week Ago
2.65%     One Month Ago
2.85%     One Year Ago
(Need a rate quote for your specific scenario?  Click anywhere on this link.)
 
W.S. Merwin, 1927 - 2019
 
I had hardly begun to read
I asked how can you ever be sure
that what you … (2 comments)

rob spinosa: Lock Watch for the Week of 2/18/2019 - 02/16/19 03:36 PM
Lock Watch for the Week of 2/18/2019
 
Volatility-O-Meter:
Lots of Fed talk this week but few reports.
 
Economicalendar (all times are Pacific):
Mon, 2/18:     President's Day, markets closed.
Tues, 2/19:     Housing Market Index (7am).
Weds, 2/20:     FOMC minutes (11am).
Thurs, 2/21:    Jobless Claims, Durable Goods, Philadelphia Fed Bus Outlook Survey (5:30am).  Existing Home Sales  (7am).
Fri, 2/22:        Quiet.
 
10-Year Treasury History
2.67%     Friday's Close
2.66%     One Week Ago
2.79%     One Month Ago
2.88%     One Year Ago
(Need a rate quote for your specific scenario?  Click anywhere on this link.)
 
Hell on Wheels:  New York City's Subway in the 1970's
A fond childhood memory of mine is riding … (1 comments)

rob spinosa: Lock Watch for the Week of 2/4/2019 - 02/02/19 07:51 PM
Lock Watch for the Week of 2/4/2019
 
Volatility-O-Meter:
Compared to last week, there should be relatively few fireworks driven by economic reports.  With the backdrop of a Fed perhaps on hold, this week's auctions (3, 10 and 30) could be interesting. 
 
Economicalendar (all times are Pacific):
Mon, 2/4:      Factory Orders (7am).
Tues, 2/5:     ISM Non-Mfg Index (7am), 3-Yr Note Auction (10am).
Weds, 2/6:     International Trade, Productivity and Costs (5:30am). 10-Yr Note Auction (10am).
Thurs, 2/7:    Jobless Claims (5:30am).  30-Yr Bond Auction (10am).
Fri, 2/8:        Quiet.
 
10-Year Treasury History
2.72%     Market Open
2.74%     One Week Ago
2.70%     One Month Ago
2.77%     One Year Ago
 
Rachel … (1 comments)

rob spinosa: Lock Watch for the Week of 1/21/2019 - 01/21/19 08:10 AM
Lock Watch for the Week of 1/21/2019
 
Volatility-O-Meter:
A short week and an ongoing shutdown might test the defenses of the mortgage market...
 
Economicalendar (all times are Pacific):
Mon, 1/14:      Markets Closed.
Tues, 1/15:     Existing Home Sales (7am).
Weds, 1/16:     Quiet.
Thurs, 1/17:    Jobless Claims (5:30am), PMI Composite Flash (6:45am), Fed Balance Sheet (1:30pm).
Fri, 1/18:        Durable Goods (5:30am) and New Home Sales (7am).
 
10-Year Treasury History
2.78%     Friday's Close
2.69%     One Week Ago
2.91%     One Month Ago
2.54%     One Year Ago
 
Battery Townsley
I know, I know. When you tell people you live near San Francisco and ask them to recall the city's history, … (2 comments)

rob spinosa: Lock Watch for the Week of 1/7/2019 - 01/05/19 08:20 PM
Lock Watch for the Week of 1/7/2019
 
Volatility-O-Meter:
Shutdown persists and my guess is that equity market volatility will too.  Bond auctions mid-week and Jerome Powell speaks on Thursday.
 
Economicalendar (all times are Pacific):
Mon, 1/7:      Factory Orders and ISM Non-Mfg Index (7am).
Tues, 1/8:     International Trade (5:30am) and JOLTS (7am).  3-Yr Note Auction (10am).
Weds, 1/9:     10-Yr Note Auction (10am).
Thurs, 1/10:    30-Yr Bond Auction (10am).
Fri, 1/11:        CPI (5:30am).
 
10-Year Treasury History
2.66%     Market Open
2.72%     One Week Ago
2.85%     One Month Ago
2.55%     One Year Ago
 
The Noble Eightfold Path of Buddhism
 
Right View/Understanding
See things as they truly are without delusions or … (1 comments)

rob spinosa: Lock Watch for the Week of 12/31/2018 - 12/30/18 08:20 PM
Lock Watch for the Week of 12/31/2018
 
Volatility-O-Meter:
Another short week, but therefore more potential for volatility and amid a stalemate in Washington.
 
Economicalendar (all times are Pacific):
Mon, 12/31:      Dallas Fed Mfg Survey (7:30am).
Tues, 1/1:     Markets Closed.
Weds, 1/2:     PMI Mfg Index (6:45am).
Thurs, 1/3:    ADP Employment (5:15am), Jobless Claims (5:30am), ISM Mfg Index and Construction Spending (7am).
Fri, 1/4:        Employment Situation (5:30am) and Jerome Powell Speaks (7:15am).
 
10-Year Treasury History
2.72%     Market Open
2.77%     One Week Ago
3.05%     One Month Ago
2.48%     One Year Ago
 
Pony Express
We were driving to South Lake Tahoe over the holiday week and at points alongside Route … (3 comments)

rob spinosa: The Impact of a Government Shutdown on the Mortgage Process - 12/27/18 08:23 AM
The Impact of a Government Shutdown on the Mortgage Process 
 
If you are a Federal worker, then you don't need to hear it from me.  Dealing with the government shut down interjects uncertainty into your life and can cause financial stress.  If it's any consolation, the same holds true for the mortgage process.  When those who are buying a home have their transaction caught in the middle of a political tug-of-war, timelines can get fuzzy, stress levels can get high and dominoes for sellers and buyers can fall.  Where possible, we do all we can to "get in front" of a shutdown … (30 comments)

rob spinosa: Lock Watch for the Week of 12/24/2018 - 12/21/18 07:21 AM
Lock Watch for the Week of 12/24/2018
 
Volatility-O-Meter:
It's a holiday week and we don't know if the President will fire the Fed chairman.  Can't we just all take a vacation?
 
Economicalendar (all times are Pacific):
Mon, 12/24:      2-Yr Note Auction (8:30am).
Tues, 12/25:     Markets Closed.
Weds, 12/26:     Case Shiller HPI (6am), 5-Yr Note Auction (10am).
Thurs, 12/27:    Jobless Claims (5:30am), New Home Sales and Consumer Confidence (7am), 7-Yr Note Auction (10am).
Fri, 12/28:        Int'l Trade in Goods (5:30am), Chicago PMI (6:45am), Pending Home Sales (7am).
 
10-Year Treasury History
2.77%     Market Open
2.86%     One Week Ago
3.05%     One Month Ago
2.48%     One … (2 comments)

rob spinosa: The Most Wonderful Time of the Year (to Get Gift Funds) - 12/16/18 08:59 PM
The Most Wonderful Time of the Year (to Get Gift Funds) 
 
It's that time of year again when holiday gift giving is on everyone's mind.  But you know me, compulsive mortgage professional, I want to focus on  but a single aspect of the loan process --- gift funds--- this same form of largesse that is received by a fortunate few and for the purpose of  purchasing a home.  As we go into the holiday season, I want us all to keep in mind that right behind Santa's sleigh is Auld Lang Syne.  And when we're talking tax implications for gift funds, this can matter.
 
For 2019, the IRS annual … (2 comments)

rob spinosa: How to Get Rid of PMI on Your Mortgage - 12/09/18 08:24 PM
How to Get Rid of PMI on Your Mortgage
 
Nearly every home buyer initially hates the "P" word --- PMI, or private mortgage insurance.  Years and years of conditioning have taught generations upon generations of first-time buyers that PMI is something to be avoided at all costs, and even though I daily go to great lengths to demonstrate this is patently untrue, even those that come to see the light about PMI and find themselves with a form of private mortgage insurance will soon arrive at their next concern:  "When can I remove the PMI from my payment?"
 
Good Housekeeping
In the spirit of … (5 comments)

rob spinosa: Lock Watch for the Week of 12/10/2018 - 12/09/18 06:55 PM
Lock Watch for the Week of 12/10/2018
 
Volatility-O-Meter:
Key inflation reports mid-week will help set the direction.  Recent market (stock and bond) volatility has largely played into a narrative that the Fed may reduce number of forthcoming rate increases, but if inflation comes in hot, I expect a lot more turmoil.
 
Economicalendar (all times are Pacific):
Mon, 12/10:      JOLTS (7am).
Tues, 12/11:     PPI (5:30am) and 3-Year Note Auction (10am).
Weds, 12/12:     CPI (5:30am) and 10-Year Note Auction (10am).  Treasury Budget (11am).
Thurs, 12/13:    Jobless Claims and Import/Export Prices (5:30am).  Fed Balance Sheet (1:30pm).
Fri, 12/14:        Retail Sales (5:30am) and Industrial Production (6:15am).  Business Inventories (7am).
 
10-Year … (0 comments)

 
Rob Spinosa, SVP of Mortgage Lending, Marin County (Guaranteed Rate, Marin County, CA) Rainmaker large

Rob Spinosa

SVP 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?


Listings

Links

Archives

RSS 2.0 Feed for this blog