Archive | Housing

business man pointing to transparent board with text: reverse mortgages


Acquiring Date In its fifth year, FHA’s policy of requiring the financial assessment of the borrower’s ability to pay has cut tax and insurance defaults by over three quarters and serious defaults by over two-thirds. This article by New View Advisors quotes Ginnie Mae data, they state, “We grade Financial Assessment’s performance as a solid […]

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Insurance Home House Live Car Protection Protect People Concepts


Dennis Smith: Author, Chef, Financier; Co-Owner/Broker at Stratis Financial, Huntington Beach; MLO Student Question of the Week Why is mortgage insurance a good thing? Answer Last week in the Weekly Rate & Mortgage Update we discussed if home buyers should wait until they have 20% for down payment before purchasing (you can read the WR&MU, […]

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Businessman pressing a Mortgage Loan Approval concept button.


First Step What should be your first step if you are contemplating buying real estate whether for the first time or again?  The words are GET APPROVED. Your Friendly Loan Broker You get approved by going to your friendly Loan Broker.  I recommend someone who is DRE or DBO licensed, not the big bank people.  […]

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abstract financial document with 3d graph of frosted glass

Housing Market Forecast From The CAR Pundits

This Was The Week Of The CAR Expo, This Year Called REImagine One of the highlights every year is the Housing Market Forecast presented by the CAR SENIOR VICE PRESIDENT AND CHIEF ECONOMIST, LESLIE APPLETON YOUNG, the guru of gurus. What did she say this year? A combination of high home prices and eroding affordability […]

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businessman standing in front of a blackboard trying to decide whether to buy or to sell

Make Buying And Selling Home Easier

Many Articles Are Written About How Real Estate Agents Should Treat Clients Be positive, alert, answer phone calls and return electronic messages at once, be available, etc. Jaymi Naciri wrote an article from the other directions. “10 Things To Never Say To A Real Estate Agent.” Buyers And Sellers, You Might Say, “Why Do I […]

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New Information For Borrowers and Home Owners

All Owners Borrowing On Their Personal Residence For “Consumer Purposes” Must Receive A Federal Booklet, “Your Home Loan Toolkit” It is an excellent source of information concerning loans. The booklet is available free at I Want To Discuss The Last Section In The Booklet Title: Owning Your Home, subtitles-Owning a home is exciting; your […]

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