Interest Rates Flat but Slightly Better . . .
This week had mostly weaker than expected economic data which helped interest rates only slightly. Tuesday the Existing home sales for December were weaker than expected, down 2.8%. Thursday the initial weekly jobless claims jumped up 22k to 259k and the December new...
Sometimes Speed Counts
Our client Serena won the bid on a $210,000 condo in Torrance (against 4 other offers) because she promised to remove contingencies quickly and close in 21 days. And SHE DID. She applied on July 1st and is able to fund on July 20th –yes, even with the loss of a...
You Need to be on the Job for 2 Years Before Being Eligible for a Mortgage…FALSE
You need to be on the job for 2 years before being eligible for a mortgage. NOT TRUE. I just had a client come in who has been on her job for 5 months. She is a paralegal, and in the past had been in the hotel business. One lender turned her down, even though she had...