2020 Conforming Loan Limits
Conforming Loan limits have been increased for 2020 which is great news for homeowners and homebuyers. The base line loan amounts are as follows; 1-unit $510,400, 2-unit $653,550, 3-unit $789,950 and a 4-unit property it's $981,700. High cost counties like Los Angeles, and San Francisco have higher amounts.
30 Year Fixed Rates
The concept of fixed rate loans have been around for generations.
In fact, your parents and their parents may have made use of these mortgages. In some cases, your parents might be still repaying one of these loans. After all, the fixed rate loans last for three complete decades. This makes them one of the longest mortgages in the . . .
Coronavirus And Mortgage Rates
How will the virus impact mortgage rates
The dominant topic in our current news cycle is the Coronavirus and clearly consumer mortgage rates are listening. In the last three weeks we've seen mortgage rates go from attractive to super attractive as fixed mortgage rates sit just above all time lows.
Heading into March the 30-year fixed rates are more attractive then 15-year fixed . . .
Making That Tough Decision
Should you go with a 30 or 15 year fixed rate?
Every day hundreds (if not thousands) of people throughout California try to determine which loan term is better for them. A 30 year fixed rate term that has a lower monthly payment or a 15 year fixed rate term that pays the home loan down faster. Here are some simple suggestions and ways to look at that might help you decided which term is . . .
Mortgage Rates January 2020
We're finally here!
Since Thanksgiving there's been this build up to a new decade and now that we're here it's time to refocus and welcome the new year with a bang. No pun intended but that's exactly what happened when news outlets reported that the United States a killed an Iranian General.
What does that have to do with mortgage rates? Nothing in the . . .
Happy New Year Mortgage Industry
And everyone else too!
Thank you to everyone I work with for another great year and most importantly thank you to my clients. I have been a Loan Officer for 15 years and it's been an honor to work on your behalf. Sometimes the process is bumpy and I always appreciate the patience you exhibit.
I look forward to being your Loan Officer for many more years to . . .
The Importance Of Credit
For mortgages, understanding your credit history is a priority
If someone were to say "______" is the most important thing when applying for a mortgage that wouldn't be telling the complete truth. The fact is there are many factors involved when underwriting is deciding if a loan application is approved or turned down.
There are probably three areas that are more important than others however there . . .