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Qualifying For A Mortgage Will Be Harder for 2014, So Refinance Now
You remember the housing market meltdown a few years back, along with the ensuing taxpayer-funded bailout of large lending institutions. Well, in an effort to regulate the lending industry and protect...
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First-Time Homebuyers Biggest Challenge
One of the biggest challenges for first-time homebuyers is the tightening inventory in major markets. Inventory remains tight nationwide, with the number of homes listed for sale on Zillow down 0.4%...
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Over 40 Percent of Modified Loans Facing Resets Are Underwater
JACKSONVILLE, Fla.– June 2, 2014 — Today, the Data and Analytics division of Black Knight Financial Services released its latest Mortgage Monitor Report, looking at data as of the end of April 2014. An...
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When Will You Qualify Again..?
Are you wondering how long you have to wait after a bankruptcy, short-sale or foreclosure? After the financial crisis of 2008 - 2010 many Southern Californian families personally experienced, or know...
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Down Payment Funding Using a 401k and Other Sources
When you decide to go into the market to buy a home you may have a slight shock at the costs that it takes to get you there. All too often buyers find that the funds that they thought would cover the...
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Lending Standards Set To Relax
Out came an article in the Wall Street Journal by Joe Light titled “Mortgage Lenders Set to Relax Standards.” “Some of the largest U.S. mortgage lenders are preparing to further ease standards for...
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Self-Employed Find It's Not Easy To Get A Mortgage
The heading for an article recently featured in the LA Times was "Self-Employed Find It's Not Easy To Get A Mortgage." While this is still true with many traditional banks located on the street...
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IIABCal Affiliation and Custom Program for Insurance Industry
If you are an Agency Owner, Producer or Account Manager in the insurance industry you know that in recent years purchasing or refinancing a home has been a nearly impossible task. Jeff Kleid, the...
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Homebuyers More Concerned About Affordability Than the Lack of Homes for Sale
For the first time since early 2012, homebuyers said that affordability is a bigger concern for them than a lack of homes for sale. Although inventory was down 1.5 percent in November from last year,...
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Interest-Only Loans Set the Bar High
Interest-only loans—a villain in the subprime mortgage crisis—have made a comeback. But now the bar is high for would-be borrowers. Today’s interest-only loans—in which a borrower makes monthly...
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When Should You Refinance?
Lowering your monthly mortgage payment can have a positive impact on your budget. But before you decide if refinancing is the right choice for you, take a look at some of the details. Potential...
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Existing home sale explode as spring home buying season officially arrives
Existing-homes sales surged to their highest annual rate in 18 months, showing a promising beginning to the spring homebuying season, the latest report from the National Association of Relators said....
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Mortgage Rates Rise Fast. Might Not Be Over Yet.
Mortgage rates had an awful day today, and they were among the lucky ones. The true pain emanated from Europe, as has been the case so many times in recent years. In that regard, mortgage rates were...
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Are We In A New Bubble California?
In this video, NAR Chief Economist Lawrence Yun talks about April pending home sales and indications of strong buyer activity. He also addresses the question of whether or not a new price bubble is...
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Ready To Purchase Again?
2015 is already shaping up to be the year of the Boomerang buyer (repeat home buyer). As it is 7 years since the housing downturn started, lots of buyers who suffered a financial hardship in the recent...
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J&J Lending Announces Strategic Alliance with Maravilla Estates
J&J Coastal is proud announce it is the Preferred Lender On-Location for Maravilla Estates, a premiere 55+ Active Adult Gated community located in the foothills of the San Jacinto Mountains,...
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Homes Selling At Highest Prices, Ever.
Thanks to rising demand and shrinking supply, the median existing-home price for all housing types reached an all-time high in June. According to the latest data from the National Association of...
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Will the End of MSA's Really Level the Playing Field?
As a loan originator, I find it hard to believe that companies like Wells Fargo Bank and Prospect Mortgage are just going to sit there and let their captive audience go. These are relationships they...
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Fed Survey Shows Jumbo Credit is Loosening
If anyone thinks that a tight credit environment is holding the mortgage market back, then a new survey from the Federal Reserve shows there may be some light at the end of the tunnel. According to...
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Buying a New Construction Home; Use your Lender or the preferred Lender?
Are you looking to buy a New home? And by "New" I mean it hasn't been built yet or is being built as a tract home. If so, there are some things you may want to know about your New Home purchase. By...
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