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Recent Additions
True or False: You Can’t Have More Than 1 FHA Loan at a Time…FALSE
FALSE! With homebuyers feeling confident about the real estate market again, they are wanting to “move up”. Problem is, money. So they think they can do FHA 3.5% down. RIGHT. But they already have an FHA loan. WHAT to DO? Well, if their family has grown, or they are...
Mortgage Rates for 8.8.2014
Your Weekend Rate Sheet: Your buyer’s interest rates can be locked in over the weekend, so if you have a client who is close to having an accepted offer and is nervous about rates we can lock in the interest rate. Remember, we also have thefloat down: if rates improve...
Buying or Selling a Condo? This May Help
I received a call this week from a past client who was selling his condo, complaining that the buyer got turned down for a loan with Wells Fargo. The bank told the buyer it was because the condominium community, here in Torrance, had 50% of the units occupied by...