We were very pleased with the fact that he obtained a loan better than he originally told us he could get, and we closed on time without any stress.
Borrower Tips
The Time Has Come…
GET EXCITED ABOUT BREAKING RECORDS, DOING HUGE THINGS AND LIVING ALL YOU CAN BE, THAT’S WHAT NOW CAN BE ABOUT.
High Octane Realtor Lesson Number One….
Skills, skills, and more skills! Information, information, and more information! From our experience most realtors are in search of skill sets, but pay very little attention to mind-set, the most important [...]
The Ten Most Common Mortgage Mistakes, and How to Avoid Them
ONE: Failing to determine which specific type of loan is best for you.
TWO: Not understanding the dramatic differences between lenders.
THREE: Failing to understand the cost of a “no-cost” loan.
FOUR: Believing everything you hear and read.
FIVE: Locking in your rate at the worst possible moment.
SIX: Refinancing your loan when you really don’t need to.
SEVEN: Not [...]
Another TV Appearance? Bay Area Homes Sales Up 28%!
The Data Quick numbers were released yesterday and after digesting them, I find them quite positive. While it is true that over 25% of all transactions were people buying foreclosure properties, it leads me to believe that we are very near the “bottom” and the tide may be turning. Low mortgage rates, increased conforming limits, and [...]
Low down payments coming back to Danville!
Great news for Danville area homeowners! Effective June 1st, 2008 the “declining market” loan to value adjustment will not be enforced at Capital Market Funding. This means that homebuyers will more easily be able to buy a home with 5% or 10% down. Of course the FHA programs will allow you to buy with only [...]
Don’t pay points, please!
So you’re in the market for a mortgage? After hearing about all the options and products, your head is probably spinning. If that weren’t enough, after you pick your mortgage you then have to decide whether to pay points, and how many.
What is a point anyway? Points are prepaid interest. One point equals one percent [...]
The One Singular Best Loan For Everyone.
I am sure that you know that there is no such thing, but why do people continue to mistakenly believe that there is one bank that has the best loan for their needs? I mean, of course some bank does but do you really think that it just happens to be the bank you bank [...]
Why a Prominent Plastic Surgeon Got Mad at Me After I Told Him About One of My Loan Options.
It is always a pleasure to work with high net worth clients, but that does not always mean that it goes smoothly. Sure, good credit, plenty of income, and great assets make the underwriting process easier but sometimes the process is challenging for other reasons. I remember one client in Danville, an internationally recognized, highly [...]
What’s the Difference Between a Bank, a Mortgage Banker, and a Mortgage Broker?
Which is best for you? The truth is, in many cases is does not matter what type of company it is, as it has more to do with the individual loan officer that you work with. There are experienced and honest loan officers at each type of loan source, and unfortunately the opposite is also [...]
New Credit Model May Confuse Danville Residents.
By now most of you know a general ballpark for your FICO score, but do you know your “VantageScore“? Be prepared for that question in the future when the credit companies launch their answer to Fair Issac (FICO). In a not too surprising move, the actual credit repositories, Equifax, Experian, and Transunion, have announced their [...]
Four Ways to Keep Your Relatives From Handing Out Free Chili Samples at Costco.
I like to shop at the Danville Costco but I can’t help but feel compassion for the workers scattered around the warehouse handing out product samples. I get the feeling that most of them never thought they would spend their latter years standing on a cold cement floor in a 100,000 square foot building working [...]
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