ARCHIVED BLOG POSTS
2015
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I will not use the name of the company because they are back in the loan business. They were gone for a while but are back and they are a nationwide company; big company. Several years ago I was driving down the freeway near Milpitas, Ca and noticed a large electronic billboard soliciting mortgag...
07/08/2015
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Clint Eastwood was elected mayor of Carmel running on a campaign that allowed stores to sell ice cream on Sunday. That was his entire platform; he was perturbed at the City Council that actually banned the selling of ice cream on Sundays. I seem to complain about the dumb laws in my industry and ...
07/08/2015
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Ok - for a customer who is 141 years old; born in 1875 that customer can max out an FHA HECM (Reverse Mortgage) loan to $457,119.The home value limit in California is $625,500 no matter how much the home is worth. If the home is worth $1,000,000 or $2,000,000 or $10,000,000 then FHA only uses $62...
07/08/2015
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When a customer approaches me about a mortgage for a home purchase that motivation on the part of the customer is crystal clear; Get Approval; Find the Best Terms and Conditions; Make the process seamless. The focus is on purchasing the home. When a customer wants to refinance then the reason is...
07/02/2015
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Over the years I have observed that the number one reason that stops or slows the process of a young couple from buying a home is not lack of income or bad credit but the big car payment. The auto industry in many ways really does drive (pun) the economy but as it says in the Bible 'There is a ti...
07/01/2015