This Weeks Win: 10/9/15
A client came in the other day and thought he had to pay cash for a rental property he wanted to buy. When I asked him why he was paying cash with the interest rates so low, he said that the bank with the wagon wheel told him, a veteran on disability with great...
You Cannot Use Public Assistance As Income
You cannot use public assistance as income. FALSE! If you or someone you know gets housing assistance such as section 8 or VA housing, you can use this income to qualify. If you have questions about this or any other qualifying questions, feel free to call me. Are you...
Economic News with Lower Rates
Soft economic news brought lower rates… We started the week’s economic data with personal income and spending. Income was up .3% and spending was up .4%. That was not good for mortgage rates, as it showed a pretty good increase in income and people’s spending. This is...
This Weeks Win! 10/2/15
Client who bought a home in 2005 finally gets to drop their interest rate from 6.5% down to 3.625%, 30 year fixed. This client bought this home in north Torrance on a 0 down in 2005 for $525,000. Property values went down shortly after that, leaving them with a 5 year...