Mortgage Lending Roles Mortgage lending has its own vocabulary that can be confusing for buyers, especially first time home buyers researching how to get a good mortgage loan. People often ask how to compare mortgage brokers vs. mortgage consultants [...]
Link Between COVID-19 & Mortgage Loans As the COVID-19 shelter-in-place directive is impacting all areas in our society and the global society at large, the effects are being felt in the mortgage markets as well. Mortgage interest rates that [...]
Unprecedented Disruption All of us right now are experiencing unprecedented health, social and market disruptions and are directly impacted by the frequent changes and uncertainty. What started as and continues to be a global health crisis has quickly added [...]
Hi Friends, This is a CRAZY time for everyone and for many reasons, but also especially in the mortgage industry. We're experiencing crazy time mortgage rate lows. I have had over 100 new loan requests in the last two [...]
Top Producer Awards for 2019 & 2020! During my years as a mortgage consultant with C2 Financial, I beat a personal record with these top producer awards — all thanks to you, my clients! 2019: #1 C2 Financial agent [...]
Hello, friends. Here's my monthly update on the outlook for current rates in general, but first — information about loans for first-time home buyers. Skip to Current Rates here. Loans for First Time Buyers With rates falling again [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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: 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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
