Does a rate buydown make sense? So for about 18 months, I have been saying that rates would be lower in 12-18 months, and who the heck knows? So that is a decision our clients must make, but they usually ask for advice. I am a big 0-point guy in typical markets, and I still […]

I understand that this year has presented its challenges, and I’ve shared in the collective sentiment of disappointment regarding the volume of business for both myself and my company. Others in the Real Estate community have likely encountered similar struggles, though many have admirably concealed their concerns.   Recently, I came across an email highlighting […]

Non-warrantable condos! We are seeing this more and more now due to insurance issues! The Mariposa Condos have been in litigation for about ten years, and we have been able to get loans there with no problems. We now have three more that I know of in Santa Clarita. West Hills West Creek, American Beauty […]

I just wanted to clarify a few misunderstood guidelines relevant to this market today. FHA loan guidelines state that previous history in the current position is optional. However, we must document two years of prior employment, schooling, or military service and explain any gaps. You can have a gap in employment for an FHA loan, but […]

With the California Dream for all on the shelf until next year, I always get the question about first-time buyer loan programs! Fannie and Freddie have put an excellent program together for first-time buyers making under $126,240.00, and we can manipulate it by not using overtime, taking a spouse’s income off the loan, or not […]