by jessicajones | Aug 22, 2022 | 411, Uncategorized
This is the big buzzword right now among in-house lenders, I know. Why not give your sellers and buyers access to lower wholesale rates to begin with? What Is A Seller-Paid Rate Buydown? This is when the seller gives the buyer a credit to help “buy down” the...
by jessicajones | Jul 21, 2022 | 411
The 7/6 ARM is becoming increasingly popular since rates have ticked up. Here are some basics you should know before signing off in a 7/6 ARM. 1. The Adjustable Rate Change After Fixed Period Since the initial interest rate is only fixed for 7 years, the future rates...
by jessicajones | Apr 28, 2022 | 411
Inflation is the big buzz word in 2022 and how quickly times have changes in the mortgage world. We are seeing huge lender like Rocket and Better.com with tremendous layoffs with the new frontier we enter now that rates are up a good 1.5-2% above where they were over...
by jessicajones | Apr 8, 2022 | 411, Reverse Mortgage
There was a time when jumbo reverse mortgages received a bad rap amongst consumers, but over the last decade, jumbo reverse mortgages have evolved to become one of the more popular financing vehicles for borrowers throughout the San Francisco Bay area. Historically,...
by jessicajones | Apr 8, 2022 | 411, Reverse Mortgage
Talking to an independent mortgage broker for your next purchase or refinance, or reverse mortgage is always a good decision. In fact, recent data shows that many borrowers are turning away from the bigger banks in favor of non-bank lenders. Mortgage brokers have...
by jessicajones | Apr 8, 2022 | 411, Reverse Mortgage
Everyone wants to hit that milestone where you can hang up your work boots and retire from the daily grind. The problem is that many Americans fail to adequately prepare for this pivotal life change. Recent data suggests that nearly 35% of people have little or no...
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