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Mortgage and Lending with JB Mortgage Capital, Inc. NMLS# 247447

Here are my latest updates from around the web. Mortgage rates are starting off the month at great levels for both refinance and purchase transactions. After hitting all-time lows early-mid March, mortgage rates moved higher until mid April when the market started to reverse course.

The mortgage industry has made a lot of changes in the last two-three weeks which will have a significant impact on thousands of homeowners and homebuyers throughout the country. Just to name a few:

  • If you are doing a cash out refinance be prepared to pay more (if you can find a lender willing to do the loan). Many lenders including Wells Fargo, and US Bank have left the cash out refinance market and the few lenders willing to do cash out refinances are charging more for that loan product.
  • Are you buying a rental property or refinancing a mortgage attached to a rental property? Be prepared for a difficult process as just about every lender has made it more difficult to obtain a rental property mortgage.
  • Do you happen to be Self-Employed? Like those buying rental properties the process for you is much harder today than it was three-four weeks ago.

California Mortgage Rates 2020:

In my most recent article on posthaven I discuss current mortgage rates, the upcoming economic calendar and the impact the Fed has on mortgage rates. I also discussed current mortgage rates on

Overall mortgage rates are starting off the month at great levels. Fixed rates (such as the 30 year fixed term) are near all-time lows.

Buying Your First Home:

Over on livejournal I cover the basic aspects of buying your first home.

Buying your first home can be scary but it doesn't have to be. It's important to be prepared and work with an experienced and knowledgeable Loan Officer. Try to find a Loan Officer that has at least five years of experience and be sure to ask a ton of questions so you are better informed.

Your Debt To Income Ratio:

At Realty Times I cover the importance of your Debt-To-Income ratio.

Your Debt-To-Income ratio is the one of the most important parts of your mortgage loan application. Not having a clear understanding of what it is, and how it fits in to the bigger picture of your loan approval could cost you valuable time and money. 

2020 Conforming Loan Limits:

On I provide the current Conforming Loan limits along with the difference between Conventional and Non-Conventional mortgage loans.

Conforming loan limits generally come with some of the lowest rates in the industry. For this reason you want to make sure your loan amount is a Conforming Loan amountl. Conforming Loan limits are updated every year so it's important to look up your county prior to refinancing your mortgage or purchasing a home.


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Kevin O'Connor

Helping Homeowners Achieve Their Dreams.
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