Summit Lending

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Mortgage and Lending - NMLS #371291
Eric Gausepohl, Matt Gausepohl, over 12 years experience in the Mortgage Industry, mortgage lending, direct lender, California, VA Loans, Homes for Heroes, real estate marketing, ePropertysites, agent marketing, free single property website, agent training,
RECENT BLOG POSTS
This Week’s Mortgage Rates   Sigma Research says there will be lots of economic data this week that is likely to have a great effect on the bond market, and that overseas issues will play a strong role.   That being said, the forecast for this week shows mortgage rates will remain neutral. You ca...
06/16/2014
U.S. household net worth nudged up 2 percent to a record high $81.8 trillion in the first quarter as the stock market continued its upward climb and property values rose, according to data from the Federal Reserve. Read the rest of the article and find out what is going on this week with mortgage...
06/09/2014
E-Mortgages Will Speed Up Closings, Cut Costs An electronic mortgage process could cut 30 days off of the average 52 days it takes to close a loan, according to a team developed by Fannie Mae to study e-mortgages.  What's more, going paperless could save the mortgage industry an average of about ...
06/02/2014
Can you use overtime income toward a home loan? I was recently working with pre-qualifying a client and as we were speaking about his income for the last couple of years it was apparent that his income for last year was much higher than the prior year.  I asked him why this was and he proceeded t...
05/27/2014
FHA borrowers may be able to lower their mortgage insurance premiums if they agree to undergo housing counseling.  To find out more as well as current mortgage rate information, please check out our Realtor Snapshot page by clicking the photo below.   (Note:  The Realtor Snapshot page is updated ...
05/27/2014
At Summit Lending, we think it's important to thank our nation's military personnel for their service to our country and we have found different ways to express our gratitude.  This week, however, we would like to use our time on Military Moment to thank our VA borrowers for another reason...for ...
05/20/2014
Buying Beats Renting After Two Years "Rents keep rising, and mortgage rates remain very low, which is helping to skew the rent vs. buy decision toward buying for those who can afford it," says Stan Humphries, chief economist for Zillow.com, the housing and mortgage firm behind a rent-versus-own s...
05/05/2014
Pending & Existing Home Sales on the Rise US home buyers signed more contracts this March, as weather in much of the country improved and as more listings came on the market.  This is a good sign for our national economy as we move forward into the Spring season.  You can find out  more about thi...
04/28/2014
VA Loan on New HomesRight now, I am working with a client that is using his VA loan to purchase a newly constructed home.  I thought that this would be a good time to discuss this topic a bit.  The Veteran's Administration makes the builder complete certain forms on ALL new developments, not just...
04/22/2014
Groundbreaking for single-family homes, which makes up the largest segment of the market, surged to 6% last month on a national level.  To read more about this, visit our Realtor Snapshot for this week.  Here, you will also find information on current mortgage rates and a mortgage rate forecast. ...
04/21/2014
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Eric Gausepohl

Eric Gausepohl - Summit Lending
local_phone(800) 774-7650
smartphone(714) 536-9500
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