Proposed Property Tax Break in California (Not a Joke)

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Proposition 5 and what you need to know before you vote in November. I know it’s hard to believe that there might be a tax break for Californians, but there is an initiative on the ballot in November to help those 55 years old and older as well as the severely disabled with their property […]

What is Private Mortgage Insurance?

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  Saving for a down payment is often the biggest hurdle for a first-time homebuyer as median incomes, rents, and home prices all vary depending on where you live. There is a common misconception among homebuyers that a 20% down payment is required, and it is this limiting belief that often adds months, and sometimes […]

How to Save the Most Money on your Home Mortgage – A $13,000 Example

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  When people find out what I do for a living, the number one question they ask me is “What are interest rates?” The mortgage rate question seems to be ingrained in our minds and it might be because everywhere you look for home loan information you get advertised interest rates. Go ahead and Google “30 year […]

4 Simple Habits to Start Now to Buy a Home in 2018

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It’s the start of a new year which means it’s New Year’s Resolution time. If you have vowed to buy a home this year, then it’s time to get moving! Even if you’re months away from hiring a Real Estate Agent and touring homes, there are things you need to do now to make that dream happen. […]

A Business Owner’s Guide to Buying a Home

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I have a client who stumbled across her dream home for sale. She wasn’t looking for a new home, but her dream was available and she wanted to purchase it. I’ve been helping this client and her family for years with mortgage financing and she called me out of the blue explaining her story and […]

The Top 3 Home Loan Hacks in a Low Inventory Market

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In many markets across the country, the number of buyers searching for their dream home greatly out numbers the amount of homes for sale. In my home market of San Diego, the starter home and move-up homes for sale are few and far between and it’s creating a gladiator style bidding war of multiple buyers […]

How the Fed Impacts Mortgage Rates

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The Federal Reserve Open Market Committee (FOMC) meets at least eight times per year to discuss and vote on US monetary policy. The Fed controls the Fed Funds rate, which is essentially a bank’s cost of money. When the Fed increases the Fed Funds rate, short-term interest rates such as the Prime rate and LIBOR […]

Make Your Mortgage Great Again

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The number one question I’m asked is: What’s the lowest interest rate? A close second to that question is: What is the cost? It is no surprise these are the two questions most asked when you consider the bombardment of marketing campaigns of best rates and lowest costs. Inherently, this leads consumers to truly believe […]

8 Costly Mortgage Misunderstandings

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We can pick apart mortgage articles because they are normally never written by mortgage professionals so they are riddled with misleading or inaccurate information. This one is pretty good, but we’d like to add a couple things: 1. Credit- get help with increasing your credit score. Credit is complicated and you will be surprised at […]

The Good. The Bad. The Ugly. Impounds…

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Over the next 2 minutes, the following will save you time and money. What is an Impound or Escrow Account? An impound or an escrow account is simply an additional payment added into your monthly mortgage payment to cover the cost of property tax and can also include homeowner’s insurance. Having an impound is optional […]