2020 Conforming Loan Limits

Kevin O'Connor

Loan Officer Kevin O’Connor
JB Mortgage Capital, Inc.
CA BRE #01499872 – NMLS #247447

May 05, 2020

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.

2020 Conforming Loan amounts . . .

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30 Year Fixed Rates

Kevin O'Connor

Loan Officer Kevin O’Connor
JB Mortgage Capital, Inc.
CA BRE #01499872 – NMLS #247447

March 20, 2020

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 . . .

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Coronavirus And Mortgage Rates

How will the virus impact mortgage rates

Kevin O'Connor

Loan Officer Kevin O’Connor
JB Mortgage Capital, Inc.
CA BRE #01499872 – NMLS #247447

February 26, 2020

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 . . .

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Making That Tough Decision

Should you go with a 30 or 15 year fixed rate?

Kevin O'Connor

Loan Officer Kevin O’Connor
JB Mortgage Capital, Inc.
CA BRE #01499872 – NMLS #247447

January 27, 2020

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 . . .

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Mortgage Rates January 2020

We're finally here!

Kevin O'Connor

Loan Officer Kevin O’Connor
JB Mortgage Capital, Inc.
CA BRE #01499872 – NMLS #247447

January 07, 2020

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 . . .

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Happy New Year Mortgage Industry

And everyone else too!

Kevin O'Connor

Loan Officer Kevin O’Connor
JB Mortgage Capital, Inc.
CA BRE #01499872 – NMLS #247447

December 31, 2019

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 . . .

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The Importance Of Credit

For mortgages, understanding your credit history is a priority

Kevin O'Connor

Loan Officer Kevin O’Connor
JB Mortgage Capital, Inc.
CA BRE #01499872 – NMLS #247447

December 29, 2019

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 . . .

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