New Rules Could Make Mortgages More Elusive for Some in Marin I was quoted by writer Janis Mara, in our local newspaper, the Marin Independent Journal regarding the mortgage regulations that became effective January 10. This article strikes a tone that I think is valid --- that is, the Qualif...

01/28/2014

You Can Pledge Allegiance But Can You Also Pledge Assets?

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You Can Pledge Allegiance But Can You Also Pledge Assets? Just as we are all taught at a young age to stand, face the flag and recite the Pledge of Allegiance, so too are we indoctrinated very early on that if we wish to buy a home, it will most likely take a 20% down payment to do it. But le...

01/27/2014

How to Survive an Appraisal That Comes in Low

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How to Survive an Appraisal That Comes in Low I thought I would address a question that comes up either occasionally (or frequently, as the real estate market might dictate...): "What happens if my appraisal comes in low?" And so I'd like to cover the relationship between purchase price and ...

01/16/2014

Financing Multiple Properties

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Financing Multiple Properties In the short video below, we're going to examine the mortgage options that exist when a buyer or owner is looking to buy or refinance multiple properties, specifically between five and ten financed properties. The first thing we cover here are occupancy types,...

01/14/2014

How Much Would YOU Pay for Consumer Protection?

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How Much Would YOU Pay for Consumer Protection? As we all know, this Friday, January 10, 2014, saw the implementation of many of the Dodd-Frank provisions that directly impact the mortgage industry. As lenders, we are now held to making sure our originated loans meet the criteria in Dodd-Fran...

01/12/2014

Who Is a REX Participating Lender?

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Who Is a REX Participating Lender? When the lights go down in the city, do you ever lose sleep over how you're ever going to possibly buy a home in the San Francisco bay area, or any other part of California? Do you want to get back to your (imagined) city where a 20% down payment doesn’t eas...

01/08/2014