I was recently interviewed in Our South Bay by journalist Laura Watts for their February/March 2014 issue, and I couldn’t be prouder. The original interview is right here on their website, but I will reproduce it below so you can easily read it: Watermark Home Loans is a mortgage banker that funds new home loans in-house similar to a traditional
If you’re one of the many who have been eager to purchase property in the South Bay but have found little inventory listed from which you could choose, the real estate market of spring 2014 is promising to put many more properties on the market as sellers finally realize their increased home values. Property in the South Bay has gone
Home values are up, inventory is down, and buyers are eager to purchase homes in Manhattan Beach, Redondo Beach, and Hermosa Beach. If you’re about to be a buyer in this South Bay seller’s market we’re experiencing, I have a few mortgage tips for you. Before you look for a home, get your financial documents in order. Be prepared to
I have a few predictions (which are shared by mortgage professionals everywhere) about what 2014 holds for the real estate market and for mortgage loan affordability. First, the Dodd-Frank Wall Street Reform and Consumer Protection Act, which you should know about, took effect on January 10th, 2014, and is meant to prevent housing meltdowns (like that which we saw in 2007).
Are you “on the fence about whether now the time to purchase property with a mortgage? Here are a few reasons why you may want to make a decision to go forward. Despite recent rises in mortgage rates in general, rates are still really low in the grand scheme of real estate, money, and our general economy. In fact, a
You may have noticed a trend in the last month or so of interest rates actually declining. Despite economists predicting that they will rise steadily, and keep rising, all through 2014, they haven’t so far. A 30-year-fixed mortgage is somewhere around 4.5 percent right now, and has been since the holidays began. However, let’s not throw a party just yet. The
Right now, more than ever, your relationship with your mortgage professional matters. With changing regulations, more stringent borrowing requirements, and fluctuating interest rates, it is important that your mortgage professional be up to date on all aspects of the mortgage business. However, it is even more important that you have a good relationship with your broker, that they are accessible
Lately, there’s been a lot of talk about how credit will be getting tighter and more difficult for almost all borrowers and would-be home owners. Interest rates going up plus a tightening of requirements may have made you feel like you just can’t afford a mortgage right now. You could be completely wrong. In fact, borrowers today could have an
When you hear that mortgage interest rates are rising, your first instinct may be that this means that homes sales will go down. That’s not necessarily the case. While it’s true that borrowing costs are increasing and interest rates are moving up from their historically low numbers, many real estate professionals still believe that this will actually boost sales. When
Online mortgage banking has become more prevalent over the past five years. In fact, banking research data shows that in 2013, Internet-based mortgage sales increased by 75%. Clearly, this is an important statistic and bankers need to be aware of the ways in which their customers are doing research, getting quotes, and getting data. While Internet-based mortgages are surely convenient,
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