Owner-Occupied Loans

Owner-Occupied Loans

Is it true that when if you get an Owner-Occupied Loan, you have to refinance when you move out? NO!  Believe or not I have had a few clients think that this is the case. When you sign loan documents, the NOTE and the DEED of TRUST are the 2 contracts that you sign....
This Weeks Win! 10-23-15

This Weeks Win! 10-23-15

A doctor, yes an MD, who works for the County of LA as a surgeon, wanted to buy the condo he was living in. His rent was $2800, and he decided before rates go up, he should move. So in May he made an offer and deposited his $40,000 as earnest money. His offer of...
Prices Are Not Going Up

Prices Are Not Going Up

This week showed us that prices are not going up, and therefore the threat of inflation is not there. The PPI was down .5% and down 1.1% since a year ago.  The CPI was down .2% from August and flat from a year ago. This means that the price consumers are paying is the...