Archive | Loans

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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Loan Max

New Loan Maximum For 2019?

Theresa Ballard Our BFF and the number one Compliance Guru (Strategic Compliance Partner) in the US of A just sent me this information. Maximum Loan Amount for 2019 – $484,350 Maximum for High-Cost Areas – $726, 525 Those Are Small Increases From 2018 If you want more information and the amount for other areas, go […]

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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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hand of businessman with money buying house isolated on blue background

Follow Up To Loan Pre-Approval

I Discussed The Reasons For Getting Pre-Approved For A Loan Before You Start Shopping For A Home Does getting approved beforehand guarantee that you will get the loan you want. Again, quoting the National Assoc. of Realtors, “Being pre-approved is not a sure-fire way of obtaining a loan either”. Yes, after you get approved, many things could go […]

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