Blog Posts - Mortgage Information



New 2015 Tax Law Changes Tax and FBAR Filing Deadlines & Other Noteworthy Compliance Provisions: The Good, The Bad & The Ugly

On Friday, July 31, 2015, President Barack Obama signed HR 3236, the “Surface Transportation and Veterans Health Care Choice Improvement Act of 2015″ (the “Act”). Not sure how this name relates to taxes but in any event the fo...

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

10 Things Buyers Can do While Waiting For Inventory

While you are waiting for new housing inventory to come on the market in Los Angeles Rob Spinosa has great advice on how to avoid damaging your credit. These are good tips to follow. The post 10 Things Buyers Can do While Waiting For Inventory appear...
by Los Angeles Real Estate News on May 16, 2015

10 Things Buyers Can Do While Waiting for Inventory

While you are waiting for new housing inventory to come on the market in Los Angeles Rob Spinosa has great advice on how to avoid damaging your credit. These are good tips to follow. The post 10 Things Buyers Can Do While Waiting for Inventory appear...
by Los Angeles Real Estate News on May 12, 2015

Good News: FHA Annual Premium Reduction

We’ve gotten good news for Gainesville Home Buyers that will need a mortgage.  This info has been provided by Eric & Leslie Remy of FBC Home Loans (Gainesville office).  We’re sharing it here with our Gainesville Home Buyers. FHA A...

What is a Piggyback Loan and How Does it Work?

 Definition and Purpose of a Piggyback Loan:  To reduce the amount of the first loan amount, used in addition to a Borrower’s own funds (Down Payment). Advantages of Using a Piggyback Loan:  The Piggyback is typically used to reduce the fir...
by Los Angeles Real Estate News on Jan 3, 2015

Your Finances are Private, Your Agent Doesn’t Need the Details

I’m a firm believer in the importance of home buyers getting pre-qualified for a mortgage.  The main reason is that YOUR personal finances are very private and none of my business.  When you select a lender, you discuss your private informati...

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

The ABCs of DTIs – Debt-to-Income Ratios

Definition of Debt-to-Income Ratio:   The figure that represents how much of your income is spent repaying your recurring monthly debts.  The HIGHER your Debt-to-Income Ratio is, the more of your monthly income is being devoted to paying back your...
by Los Angeles Real Estate News on Jul 24, 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

How to Dispute Credit Report Errors During Mortgage Process

Veterans of the Mortgage Industry can remember a time when clients suffering errors or inaccuracies within their Credit Report, were typically advised to “dispute”  those errors … But because of recent changes that have taken place...
by Los Angeles Real Estate News on Jun 2, 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

Uncertainty Rules Over Boston Mortgage Market

The ongoing turbulence in the world economy continues to impact the mortgage market. As a consequence, mortgage rates, property values and numerous other factors keep changing. Recently, mortgage rates in Boston fell again. Rates are not currently sh...
by Boston Real Estate Observer on Sep 26, 2013

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


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