How to Get Started
The caller wanted to learn how to get ready to buy his first house. “I just paid cash for my business, and I have no credit.” Nice, a clean slate to work with! After the mortgage meltdown, Congress was really interested in.. Read More
The Equifax Data Breach: What To Do
This article is taken in its entirety from this link (https://www.consumer.ftc.gov/blog/2017/09/equifax-data-breach-what-do). If you have a credit report (https://www.consumer.gov/articles/1009-your-credit-history), there’s a good chance th.. Read More
Hurry! Reverse Changes Coming October 2
We’re short and sweet this week, since something big is happening in the world of reverse mortgage. On August 29, 2017 the U. S. Department of Housing and Urban Development announced changes to the Home Equity Conversion Mortgage .. Read More
Who Gets Paid?
Did you know that in a real estate transaction, the seller usually pays for the Realtors? A buyer asked about this last week, so let’s spend a few minutes discussing it. When a property is for sale, the seller signs a listing agr.. Read More
Of course there will be things wrong with your dream house! The home inspection is designed to tell you that upfront so you can be an informed consumer. What do you do with those findings? Your REALTOR® is your main advocate when .. Read More
Winning the Battle of the Thumbs
We’re short and sweet this week: Here is an article posted in the National Mortgage Professional magazine. While the majority of prospective homebuyers do their research on home loans online, they prefer to handle their applica.. Read More
Community Wide Open House on July 22
The Tehachapi Area Association of Realtors is holding a Community Wide Open House on July 22. Agents in the know tell me that if you want to have much of a choice in our current market, you’ll want to be looking at houses costing around $3.. Read More
Reverse Wins - Sometimes
Don’t fall for the hype – Reverse mortgage isn’t for everyone. When you have a seasoned professional help you with the analysis about what these loans accomplish or not, you can see for yourself if they benefit in your situatio.. Read More
When Cash Is Not King
Really, he was trying to help. Knowing that he needed a clean paper trail for the money they’d use to buy a house, he opened a new account. Since the bank puts holds on checks for the first month, he cashed his paychecks at the old bank t.. Read More
“My Parents Said I Should Refinance”
It’s pretty great that parents watch out for their kids’ finances. A 2015 first-time buyer was in touch because their parents told them to refinance right now, while rates are low. But is that a smart thing to do? The purc.. Read More
$11,000 is Too Much
A repeat client phoned me and she was hoppin’ mad. “We got a VA buyer offer on our house and they want us to pay $11000 in closing costs!” That made me mad, too. Here’s why. The VA home loan program is pretty .. Read More
Ken Harney says …
Kenneth Harney is a nationally-syndicated columnist on real estate for the Washington Post Writers Group. Here’s his March 29 post about credit scores. When is your "credit score" irrelevant in buying a house or refinancing a hom.. Read More
It’s A Conspiracy!
Is there a conspiracy surrounding the appraisal report for your home purchase or refinance? Recently a buyer was upset about an appraisal value matching the purchase price, so let’s review the process. There are layers of consume.. Read More
Rates are UP! Rates are DOWN!
Gotta love the media. They scream at us that interest rates are worse, and that interest rates are better. All they’re doing is reading from a teleprompter – so what’s true? It’s all about context. The Federal.. Read More
Twice this week my local quote has beat an online/mail lender. Once was for a reverse mortgage, and once for a plain refinance. Be sure you are talking to a local mortgage advisor before you latch on to a solicitation for your home loa.. Read More
“You Can Have Any Loan You Want!”
Um, no, you can’t. But this was said by someone holding themselves out as a lender, to a friend of mine. He heard, “If you put 20% down, you can have any loan you want!” First, a check of the NMLS Consumer web site s.. Read More
We got a GREAT surprise from FHA this week: They’re lowering mortgage insurance premiums! Good news for buyers and refinancers alike. Since interest rates have moved over the last quarter, it’s time for the briefest look a.. Read More
What Happened to Rates?!
Happy New Year. Have you been getting a bunch of mailers about refinancing your current home loan? Me, too. Is it really a good time to refinance? Only “maybe.” Many factors come in to play when evaluating a mortgage fin.. Read More
Be Like “Buyer A”
“I’ve never worked with someone like you before when buying houses … it makes me wonder how many times I’ve been swindled or made bad decisions – thank you for walking us through everything!” This no.. Read More
If you’re behind on your mortgage payments, or worried about how you’ll make the next one, join the more than 1.5 million families who have been helped so far. Fannie Mae has a great resource at KnowYourOptions.com. This web site te.. Read More
Don’t Fall For It!
After you’ve done a new home loan, your mailbox gets stuffed with all kinds of mail. Anything you receive from your lender would be important, of course, as would anything from the local county tax assessor or recorder. But wha.. Read More
Know Before You Owe
It’s important to have a monthly housing budget in mind when you shop for a new home. The on-line calculators you see on web sites are interesting, but don’t account for everything that might be included in your monthly payment. .. Read More
It’s Taking FOREVER (Again!)
Several weeks back my phone rang and a California City caller wanted to know if it was real that home loan appraisals were taking over a month. For her rural area, it was true. What’s that about?! You heard my story about the ou.. Read More
Notes from a Seller
Now that I’ve been on the other side of the desk, let me share a few personal notes about being the seller in a real estate transaction. It’s really fun to hear your Realtor call to say there’s an offer coming in on yo.. Read More
Really – Shop That Internet Offer!
Out of curiosity, I looked at online mortgage rates today. The findings are astonishing, and suggest that before you click away, you really should shop any on-line mortgage offer you’re entertaining. Three huge internet lenders a.. Read More