Blog Posts - Los Angeles Mortgage News



Millennials: How to Establish Credit Quickly and Easily

Courtesy of Gene Mundt, Portfolio Mortgage, Chicago. Credit … Credit Scores … they’re a big issue, no matter someone’s age … But for Millennial-age hopeful home buyers, credit-related issues are of particular interest an...
by Los Angeles Real Estate News on Jun 19, 2015

Using Gift Funds or a Co-Signer to Help With Your Mortgage

Should I Pray or Should I Co?   I tend to see a fair amount of high loan-to-value mortgage scenarios, mostly because real estate values here in Marin County, the San Francisco Bay Area and coastal California, in general, tend to be high.  And...
by Los Angeles Real Estate News on Sep 5, 2014

The Many Ways Poor Credit Scores Cost You

A large percentage of the potential home-buyers I speak to have a basic knowledge of how credit scores influence the interest rate received when they finance their home purchase.  Most understand the basic principal:  The higher their credit scores...
by Los Angeles Real Estate News on Aug 25, 2014

Waiting Periods After Short Sale, Foreclosure, Bankruptcy

I wrote recently about Fannie Mae’s announcement regarding the extension of the waiting period for those Buyers hoping to become Homeowners once again after having experienced a Short Sales (Pre-Foreclosures). The waiting period is now extended...
by Los Angeles Real Estate News on Aug 18, 2014

Will Refinancing Cause my Property Taxes to Go Up?

Because the current interest rate environment remains conducive to refinancing, a concern that some have about taking action stems from confusion related to how their property taxes are determined, and specifically the question, “Will refinanci...
by Los Angeles Real Estate News on Jul 8, 2014

Looking to Buy a Condominium? What You Need to Know

If you’re presently in a house hunt, or even just dabbling with the idea of buying a home, you’ve probably done some research and run across multiple articles regarding the current Mortgage Process … and its challenges … You&#...
by Los Angeles Real Estate News on Mar 21, 2014

Is Now the Time for You to Sell Your Home and Buy the Next?

The final decision to Refinance your existing Mortgage (or  not), should be based on one simple thing.  It must make good financial sense …That decision is often times determined by the length of time you, as a Homeowner, “guesstimat...
by Los Angeles Real Estate News on Mar 3, 2014

Heading to College? Protect Your Finances For The Future

It happens fairly frequently …      While reading through a potential Mortgage Applicant’s Credit Report, I’ll discover that many of their reported debts and Credit Cards were first established while they were in college.  And n...
by Los Angeles Real Estate News on Feb 4, 2014

Mortgage Anatomy 101, the Current Mortgage Process, Part 2″

In Part 1 of the post, “Mortgage Anatomy 101″ … the Current Mortgage Process“ … I detailed much of what happens in the initial portion of your mortgage process. In Part 2, I will continue to dig deeper into the mort...
by Los Angeles Real Estate News on Mar 31, 2013

Mortgage Anatomy 101, the Current Mortgage Process, Part 3″

      In Part 1 of the post,  “Mortgage Anatomy 101″ … the Current Mortgage Process“  … I detailed much of what happens in the initial portion of your mortgage process.  In Part 2, I dug a little deeper into...
by Los Angeles Real Estate News on Mar 31, 2013

Mortgage Anatomy 101, the Current Mortgage Process, Part 1

This is the first in a great series about the mortgage process from our own Gene Mundt. Please visit Part 2 and Part 3 for more……   There’s no doubt about it … the current mortgage transaction bares little resemblance to...
by Los Angeles Real Estate News on Mar 31, 2013

Credit: Who Needs It? Why is it Important? How do you Establish it?

I’ve been receiving more and more inquiries from young potential Home Buyers as of late.  That’s reason for celebration, as I believe now is a great time to enter the housing market.  With home prices still affordable and interest...
by Los Angeles Real Estate News on Jan 24, 2013

Credit and Credit Management: Reasons to Pay Attention to Both

Gene offers excellent advice on how to manage your credit before it becomes a problem. It’s not hard to find advice on a full-range of credit issues today.  Experts (or so called experts) are everywhere.  So I find that most of my client...
by Los Angeles Real Estate News on Jan 15, 2013


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