Tough Loan Cases + Current Rates
The Maze of Tough Loan Cases I recently closed a very difficult transaction that, if any number of lenders had applied common sense, should have been easy to close. As many of you know if you've read my About [...]
Loans for Self-Employed + Current Rates
Here's my monthly update on the outlook for current rates in general, but first — news about loans for self-employed home buyers. Skip to Current Rates here. Loans for Self-Employed Stated Income Loans More new mortgage products have been [...]
Loans for Seniors & Veterans + Current Rates
I have news this month on loans for seniors and veterans, but first let's look at the overall outlook for December. End of Year Mortgage Rates Hello, Friends. Mortgage interest rates continue to be around 1.125% lower now than [...]
An Ethical Business Story
I'd like to share something that happened to me this past week that will help explain how ethical business practices extend to others in my industry, not just borrowers. I got a call from a potential borrower who wanted to [...]
Refinancing Goes Nuts!
Fed Cuts Rate and Refinancing Goes Nuts! The Federal Reserve cut their target interest rate, the Fed Funds, by .25% at the conclusion of their two-day Open Market Committee Meeting on September 19th. This rate cut was anticipated by [...]
Mortgage Refinance Opportunity
Hello Friends, here's my market rates email list update for August 2019. Federal Reserve Rate Cut The Federal Reserve did cut their target rate .25% yesterday, July 31st, as anticipated. They also ended their balance sheet reduction plan two [...]
HELOC vs. Refinance
HELOC vs. refinance: Which is better for a cash-out loan? Is a home equity line of credit (HELOC) or a refinance of your principal mortgage the better option for you? Market Rate Can Help You Choose A recession in 2020 [...]
What Are Closing Costs?
First Time Home Buyers Guide to Closing Costs You have your downpayment. Great. You are ready to close the deal on your loan and start making bids on houses! Soon you get your closing statement and there [...]
What’s the Deal with Redfin Mortgage?
DIY Mortgage Loans A lot of people ask us why they should bother with using a real estate broker as opposed to using an app like Redfin Mortgage that launched last fall. They see that there seems to be a [...]
Need Help With a Mortgage Loan?
Hello, friends. I'm here to educate home buyers and guide them through the mortgage loan process to get them the loan they need for their unique situation. Here's an overview of what I do for anyone who needs help with [...]
Mortgage Rates & SCUBA Diving
December Stock Market Corrections The corrections in the stock market to end 2018 rolled into the beginning of 2019. This helped push money into the bond market, which resulted in lower mortgage interest rates to start in 2019. The [...]
2019 New Year Mortgage Rates
Rocky December 2018 We ended 2018 with lots of volatility in the stock market which did help improve mortgage interest rates to end the year. Despite the Federal Reserve’s expected interest rate hike of .25% on December 19th 2018, mortgage [...]
Mortgage Rate Seesaw
Hello, friends. We are in a new higher interest rate environment and are heading even higher going into 2019 and 2020. I'll explain what's happening behind the scenes and what you can expect to unfold in the next year or [...]
Tips for First Time Home Buyers
Buying your first home is a momentous time in most people's lives. Here are some tips for first time home buyers to help you sail through the experience. Get a GOOD Realtor I tell this to my clients all the [...]
Trump Impact on Mortgage Lending
When Donald Trump was voted in as the next president of the United States in 2016, the markets perceived that as a bullish event. This means that money began flowing into the stock market like crazy, hitting highs on the [...]
Shining a Light on Mortgage Lending
I'm Vic Joshi, a mortgage consultantl, shining a light on mortgage lending with my revamped website. I took on this project to give my home buying clients better online guidance and reference material as they start their searches for a [...]