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Mortgage and Lending - Silicon Valley Capital Funding
RECENT BLOG POSTS
Such a grand question to start off the week! However, this is a critical component to the real estate market. Nominate and accept a "hawk", or conservative Chairman and interest rates keep rising, thus stifling a mild economic recovery. Or, nominate and accept a "dove", and allow the government s...
09/16/2013
Oy. We get the client pre approved, then find a home. We negotiate what appears to be a fair price. We submit the loan, and we get the appraisal ordered. When the appraisal comes in, it is below the purchase price. Now what?   Well, I was not expecting this.... Lenders prefer to use independant t...
09/12/2013
San Francisco. San Jose, Marin and Sausalito, Berkeley, Palo Alto, Los Altos. The list goes on and on, with so many incredible communities there are many choices to live in the Bay Area. In fact, so many choices that there is almost a guarantee of competition for any home you look into, and that ...
09/05/2013
Ok, so we have all seen interest rates on the rise, and when they jump so much in a short period, rates can impact both the refinance market and home purchase market. When interest rates climb, home affordability is reduced. When rates climb a large amount in a short time, they can have a signifi...
08/20/2013
There are many actions to take when considering buying real estate. In this blog, we will address the beginning process of the mortgage pre - approval, and how to use it effectively with your realtor.   I am considering buying, given how hot the market is, where do I begin? This is the fundamenta...
08/14/2013
With the Real Estate market being so robust in many areas, homebuyers are naturally anxious to get into the market. This is particularly true for first time homebuyers, who do not understand all of the process. Lending standards have tightened considerably in the past 5 years, and realtors will f...
08/08/2013
When interest rates change, they can change quickly. As a reference, see the interest rates tracked from May 3 to our current market. Rates on May 3rd were in the mid -low 3's, and are now in the low 4's. So, what happened? What does it mean to me? Have I missed an opportunity to improve my curre...
07/26/2013
Most realtors that I talk with for the first time are generally surprised when I spend most of the conversation about how to work TOGETHER. Meaning, what value can we create that builds each of us more power in marketing, database management and building synergy in the relationship. Often times m...
07/25/2013
With the purchase market continually jamming along, more and more clients are now looking at condos as a way to "get into the homeowner market." Naturally, many realtors have concerns with condos, as do many banks and lenders. In fact, the most drastic changes in lending for the past 5 years has ...
07/24/2013
This is one of the most overlooked questions when considering loan options, since the lower rate includes mortgage insurance and the higher rate does NOT. For clients who are putting low down payments of 10% or less, it is a reality to consider. Lenders now offer multiple solutions for mortgage i...
07/19/2013
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EricNelson, III

Eric O. Nelson, III
local_phone(408) 268-2442
smartphone(408) 892-2198
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