Debunking: “You need two years on the job to get a good mortgage”
One of the most common misconceptions is that you always need two years on the same job to get a decent mortgage. This is not true! Each scenario is different, but for W2 base salary or full time consistent hourly income, generally speaking you can get a mortgage with...
2022 Mortgage Industry Implosion Tracker
In March 2020, the Fed cut rates to 0%. Mortgage rates do not track 1-to-1 with the Fed rate, but by August 2020 it was the case that the highest rates available for vanilla normal mortgages were lower than the lowest rates, for the same, that been available in 2019....
Home improvement ROI considerations?
Wherein I give you "permission" to make home improvements for your family, not for the return on investment! Featuring a cool kid with absolutely crazy climbing abilities, demonstrated via the epic in-house climbing wall....
High Mortgage Fees Drive Me Crazy!
Did you know that since 2019 average feed paid by consumers, to lenders, for originating a mortgage, have gone up 40%?! #SupplyChain? https://www.youtube.com/watch?v=F8owc6zVIFU We do over 75% of our mortgages with zero lender fees. We do not have 15 layers of middle...
HowTo: Pay off debt to increase your mortgage approval amount!
https://youtu.be/SXFt0dt87jc A common mistake is for the would-be homebuyer to pay off the wrong debts before applying for preapproval. Don't make that mistake! Reach out to us directly, so we can go over which specific debts of yours make the most sense to pay down,...
SB 9 – convert your SFR into a duplex or triplex?!
California recently passed SB 9, which allows the owners of single family homes in urban areas to "divide their lots into two and build up to three additional homes on them" (LA Times). This is going to be a fairly fast (2 minute read) primer to answer some of the...
HOWTO: Avoid the Mortgage Rate Bait-and-Switch
It's easier than you think! After you're done watching the below, check this out to ensure that you understand the numbers you are reading, and what they really mean. Still have questions? Let's chat! https://www.youtube.com/watch?v=mLtMeQdRHSw
HowTo: Read Mortgage Docs and Understand Your Loan Estimate
Getting a mortgage can be nerve-wracking! In this video, we will explain how to read the "Loan Estimate," a standardized document required by regulation. We break it down line by line, and remove all confusion. https://www.youtube.com/watch?v=9qrjlcGcz5A Questions?...
Appraisal Risk Management 101
In this video, we go over the most basic way to manage the risks of an appraisal shortfall, also known as an appraisal "gap." Risk management is important, and that's what this is about! For more detailed and advanced strategies, please see the link below after...
Should you pull cash out of your California home before rates rise?
The most common reasons that homeowners pull cash out when they refinance are: Consolidate Debt. Mortgage rates are lower than most other types of rates, and with the payment spread over 30 years, it's more comfortable. Home Renovations. Some people use credit cards...
