by admindan | Sep 21, 2021 | Financial Information, Money Tip
If you inherit your parents’ home in a trust, plan to keep it, need cash-out to settle sibling(s)’ needs, etc., and want to keep the property tax basis the same, 99% of the lenders can’t do your loan correctly. Don’t get screwed on your loan. Solution: Only 1%...
by admindan | Aug 31, 2021 | Financial Information, Money Tip
Should you buy a home in this hot price market? Solution: Most likely. In my 34 years in mortgage lending and real estate, owning a home has usually been one of the best investments over the long-term. Recently Mark Fleming, chief economist at First American Research,...
by admindan | Aug 24, 2021 | Loan Programs, Money Tip
Do you want a better chance of your purchase mortgage loan being approved? YES! Solution: Starting September 18, Fannie Mae will include twelve months of positive rental payments history in its underwriter program in the loan approval process. Borrowers must: Be...
by admindan | Aug 17, 2021 | Financial Information, Money Tip
If you have not refinanced, I highly recommend beginning the process soon. Why? The Federal Reserve Bank will probably stop buying mortgage backed securities early next year. The announcement will likely occur next month. Traders on Wall Street will anticipate it....
by admindan | Aug 11, 2021 | Loan Programs, Money Tip
Do you have a BEST EVER success story? Check out mine: John (name changed) had a $4.5 million loan at 4.75% on a $13.5 million home in Santa Barbara County and had tried to refinance with other lenders, but the loan was too complicated and had no approvals. Dan the...
by admindan | Aug 3, 2021 | Financial Information, Money Tip
Are you in the middle of a refinance with loan amount of $125,000+? Is your rate already locked? Here is how to save approximately .50% in fee on your loan. Background: On Friday 7/16, FHFA (Federal Housing Finance Agency) eliminated the adverse market .50% fee on...
