Today is Fed Day! Every 6 weeks, The Fed gets together to work on policy stuff. They have a direct impact on the Fed funds rate. All other rates are affected by this, including 10-year treasury and mortgage-backed securities (which actually set mortgage rates). Updates from Today’s Fed Meeting Today’s announcement was that they are […]

I’m sure many of you have already heard: the California Dream for All (a shared appreciation program) is back. It’s a downpayment assistance program for properties in California only. Last year, the state of California offered $200 million, and now there is another $20 million that is coming out soon. Here’s What We Know Right […]

What if we are in the best scenario for homeownership that we will see for some time? I’m hearing so many things from homebuyers: I don’t know if any of these things are going to happen. The Fed is already saying they are probably going to lower rates, which should help. But who knows! Factors […]

This week, my message is a public service announcement. You can see on the screen behind me in the video that I have my friend’s website pulled up – Shoup Legal. Today’s topic of conversation is about having a family trust. Do You Have a Trust to Avoid Probate? If you own property and you […]

Happy New Year! From a business perspective, I don’t think we are going to miss 2023. But as we look forward to 2024, I think there are many reasons that we can be optimistic. Today, I want to look at the topic of getting rid of your mortgage insurance. Did You Buy Between 2020 and […]

Happy Holidays! As we are quickly approaching the New Year, I wanted to talk about the interest rate decrease that we are seeing. It’s significant! Even though rates are down, many people are wondering what it means? So, I thought it would help to put real numbers to it. Many people will see a savings […]

Today, I want to look at the way owning a house free-and-clear can help with your retirement planning. As of last year, the Bureau of Labor Statistics said that the average person at retirement age has around $427,000 in retirement savings. When you consider how long life expectancies are and the cost of living, you […]

Lately, we are seeing a lot of these bank statement programs coming back and more clients taking advantage of them. Walter Neil, the owner of Franklin Loan Center helped me see what makes sense. I put together some numbers to see why a borrower might choose a bank statement loan instead of a full doc […]

In today’s video, I’m talking about new home construction. One thing that I am seeing is that many of these home sites are offering big reductions on interest rates. They are basically buying down a few points on your rate as an incentive to use their in-house lender and buy from their portfolio. It sounds […]

I have a few industry updates to share with you today! First, Fannie & Freddie announced the 2024 mortgage limits for conventional lending. As most people know with these loan limits, some counties have high balances. The way it works is: throughout the entire US, you can get a conventional loan up to $766,550. There […]