I was skeptical concerning his ability to fund the loan, as we had been denied financing from another lender.Mike proved me wrong, by contacting me immediately the next day and indicated he felt we could be funded.
Loan Officer Tips
Danville real estate home loan rates drop to all time lows, but why???
You have heard the rumors of 4% loans, and here is the fact. My investors are funding loans up to $729,750 with rates as low as 4.25%. That is not an adjustable rate. That is fixed for 30 years. And no, there is no prepayment penalty.
Truth is, you are NOT going to refinance that loan anyway!
But WHY [...]
20% Down Stated Income Lending in California!!!!
FINALLY!!!
Yes, it’s true! Stated income lending is currently available through me, in the state of California, once again. I knew it was just a matter of time before we would see investors return to the market, and THAT TIME IS NOW!
This is NOT the old “Fog a Mirror, get a loan”, stated income. This is more [...]
Loan Officers, it’s time to sharpen your skills!
As a professional loan officer over the last 22 years I have had many occasion to interact and manage a multitude of other loan officers. For those of you who remain in the business during these challenging times, I offer the following tips:
1) If you are not committed to learning about our ever changing mortgage [...]
Mortgage rates rise slightly, but is it a bottom?
After a strong start Monday and Tuesday, mortgage markets suffered alongside stock markets in the latter half of last week, leaving mortgage rates higher on the week overall.
Market losses were especially steep Friday and mortgage rates headed into the long weekend on a strong uptick.
Regardless, the reasons that mortgage rates rose last week are ancient history, [...]
WHEN IS A 5.000 PERCENT MORTGAGE RATE REALLY 3.600 PERCENT?
An oft-touted benefit of homeownership is its tax benefits. However, like most IRS-related items, understanding how the benefits work is not always clear.
In general, homeowners are entitled to two home-related tax deductions — one for annual mortgage interest paid, and one for real estate tax bills paid.
Not everyone is eligible, though. Some of the exclusionary [...]
Danville Mortgage Blog, the “60 Minutes” of Danville Real Estate!
Given the LACK of marketing innovation during the last 12 months, I thought it was time to showcase a great new technology for real estate professionals. While the technology is not new, the application of the technology certainly is. I am talking about VIDEO!
Everyone knows that video is the best way to get your point [...]
Fortune’s in the Follow-up…
I’ve mentioned that many of these ideas and philosophies were going to be the basics. You can’t get more basic than follow-up, yet few will ever do it. The real fortune in a meeting, a sales call, or an interview is in the follow-up—the “what’s next” call, the opportunity call. Most get lost in thinking [...]
It’s Just 10 Minutes a Day…
The Winning Edge
For a professional Realtor the winning edge is about doing the little things that make the biggest difference. The little things that in the long run add up to a lot! Most fail in this area because they are not convinced it’s the little things, they still believe it’s the big things.
Take note, it’s the [...]
Mortgage insurance or 80/10/10? Danville Mortgage Tips
Purchasing a home is a little more challenging these days.
Although diverse products have evolved to help many individuals, the problem of achieving a 20% down payment eludes nearly 1/2 of all homebuyers. Without a 20% down payment, purchasers are required to pay Private Mortgage Insurance (MI). Lately there has been a lot of focus on [...]
Where have all the wholesale reps gone?
Welcome to Capital Market Funding, we appreciate your time and your efforts to make CMF one of the most respected mortgage brokerages in the area. If you are a “new” rep to us, I would like to give you a few pointers before you stroll through our office:
We are a value oriented company. We receive [...]
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