Digital 411

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Digital 411

Rates, Real Estate, and Recession

Rates, Real Estate, and Recession

https://youtu.be/Gna924dUeGk 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...

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Can Your Mortgage Broker Do It All, Even Reverse Mortgages?

Can Your Mortgage Broker Do It All, Even Reverse Mortgages?

https://www.youtube.com/watch?v=JmLBOpG7J1U 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...

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Five Retirement Housing Options Worth Exploring

Five Retirement Housing Options Worth Exploring

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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How to Sell a Home with a Reverse Mortgage

How to Sell a Home with a Reverse Mortgage

When you first applied for your reverse mortgage, you were probably trying to plan ahead for your future, with long-term goals in mind. But no matter how much you plan, life can throw you an unexpected curveball, changing things down the road.  Whatever the...

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The History or the Reverse Mortgage

The History or the Reverse Mortgage

While the concept of a mortgage has been around for centuries, the modern mortgage didn’t really take footing in America until the late-1800s. While traditional mortgage financing has certainly evolved since its original inception, reverse mortgages have had a much...

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A Step-By-Step Guide to Getting a Reverse Mortgage

A Step-By-Step Guide to Getting a Reverse Mortgage

For years borrowers have been leveraging reverse mortgages to help consolidate debt, eliminate their monthly housing payment, and even fund retirement. In fact, home equity conversion mortgages (HECM) have become increasingly popular over the last decade. But if you...

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5 Reasons Why Getting a Reverse Mortgage is a BAD Idea

5 Reasons Why Getting a Reverse Mortgage is a BAD Idea

Companies spend a lot of money making reverse mortgages sound appealing, but the truth is that getting a reverse mortgage isn’t always the best idea. For years reverse mortgages have been championed as a great way for you to fund your retirement (if you are of...

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What is a Home Equity Line of Credit?

What is a Home Equity Line of Credit?

A home equity line of credit, or HELOC, is a second mortgage that gives you access to cash based on the value of your home. You can draw from a home equity line of credit and repay all or some of it monthly, somewhat like a credit card. With a HELOC, you borrow...

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10 Steps to Opening your Own Mortgage Brokerage

10 Steps to Opening your Own Mortgage Brokerage

As I write this, I have been a mortgage originator for 21 years now and yes it has been a wild ride, but I have to say overall, it has been a blast! In 2021 I finally opened Fresh Home Loan Inc., “Independent Mortgage Brokers that Work for the People” ™....

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First time Home Buyers – Is It Too Late to Buy a Home?

First time Home Buyers – Is It Too Late to Buy a Home?

2021 has been a banner year for housing, fueled by record low interest rates, strong demand, and a low supply of homes.   https://youtu.be/JFsZ0419iQs You may be wondering if you are late to the party, or if it’s still a good time to purchase.  Experts...

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Appreciation + Low Rates = Opportunity

Appreciation + Low Rates = Opportunity

https://youtu.be/p7JxPWV6uH0 Mortgage Review- Putting your home equity to work for you.  While there may be signs of the real estate slowing down in certain areas that is not the case here in the Bay Area, we are still seeing multiple offers.  I saw a house...

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Self Employed Home Loan Checklist – “Post” Pandemic

Self Employed Home Loan Checklist – “Post” Pandemic

Since Covid, there have been more requirements for self employed borrowers as well as W2’s employees as well  What you don’t want to do is lie and say you are W2’d when you are self-employed. Also, it is best to get what is required rather than make a fuss about it....

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The Truth about Online Reverse Mortgage Calculators

The Truth about Online Reverse Mortgage Calculators

Are you looking online for a Revere Mortgage Calculator to find out how much you or a loved one might qualify for?  Well, the truth is the answer is pretty easy to get, all you need is a: Property Address Date of Birth And we can run different scenarios for you with...

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What is the Annual Percentage Rate (APR) and Why is it Flawed?

What is the Annual Percentage Rate (APR) and Why is it Flawed?

What is the Annual Percentage Rate (APR) and Why is it Flawed? An annual percentage rate (APR) reflects the mortgage interest rate plus other charges. There are many costs associated with taking out a mortgage. -These include:  ♣ The interest rate  ♣ Points  ♣ Fees  ♣...

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Refinancing in California Just got ALOT Cheaper

Refinancing in California Just got ALOT Cheaper

On July 16th, 2021 the FHFA announced they are removing something we complained about in August – the FHFA adverse Market fee. Basically, a 50 basis point charge, that was announced out of the blue last summer, to consumers looking to refinance when we were...

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 Home Buying and a Global Pandemic – A Crazy New World

 Home Buying and a Global Pandemic – A Crazy New World

The mortgage business while extremely busy right now is full of challenges.  Take on those, open a mortgage brokerage with a reverse mortgage division, and write a book and you have my start to 2021 dialed in! I am very proud to announce I wrote a book Home...

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Home Purchase Pre-Approval Letters

Home Purchase Pre-Approval Letters

  Fresh Home Loan Changing the Game for Agents and Home Buyers  Never before has a pre-approval letter been so important.  Not only do you need one to write offers but more often than not, you need one just to get into a home. It can be a hassle to have...

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Mortgage Rates on the Rise in 2021

Mortgage Rates on the Rise in 2021

The conforming 30 year fixed mortgage rates are going up probably going to level off between 3.25 and 3.75 which is a big jump from the mid 2’s we saw just a few weeks ago and everybody wants to know why? The short answer? The economy is improving, and rates go down...

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What is G.O.S.P.A.?

What is G.O.S.P.A.?

G.O.S.P.A is a strategy planning technique I was turned on by an industry friend and I thought it was a really great concept. G.O.S.P.A. is an acronym and it refers to Goals, Objectives, Strategies, Plans/ Priorities, and Actions. [yotuwp type="videos"...

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Mortgage Rates and The Feds Confusing Message

We are days before the FHFA hits you with the adverse market fee. This is a 50-basis point fee that will increase rates for the consumer roughly .125-.375 as I discussed last month. The FHFA says it’s to counterbalance the looming 6 billion in forbearance etc. but...

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Private Money Lending

Private Money is a commonly used term in banking and finance. It refers to lending money to a company or individual by a private individual or organization. While banks are traditional sources of financing for real estate, and other purposes, Private Money is offered...

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COVID-19 and Real Estate Appraisal Challenges

COVID-19 and Real Estate Appraisal Challenges

https://youtu.be/28uVhAOlGr8 Today we’re talking to David Schute with Home Appraisal Valuations Appraisal Management Company. David discusses the climate with appraising properties during a global pandemic and some of the challenges appraisers and the real estate...

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Introducing Conquest – Mortgage Rates in the 2’s!!!

https://www.youtube.com/watch?v=0tA9m77LhoE Mortgage Rates have been all over the place over the last few months. Fortunately, we have been approved for a temporary program, exclusive to wholesale lenders, called Conquest. These are loans with rates in the 2’s!!!...

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Who is Garrick Werdmuller? Fresh Home Loan?

https://www.youtube.com/watch?v=tSGymduOrL4 We are here to help you with your home financing during these unprecedented times. While banks are changing guidelines and loan programs daily, we know who the right fit for your home loan is and will help you navigate...

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The CORONAVIRUS and your MORTGAGE

https://www.youtube.com/watch?v=Dzdfg1fdtUw A lot of crazy press out there! Everything is closing and cancelling, from sporting events to schools. All this has created panic in the financial markets and opportunity for homeowners looking to refinance. BE SAFE! First...

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Navigate the Lockdown with Matt Leighton

Navigate the Lockdown with Matt Leighton

https://youtu.be/MqwUCBbj9kE This was an event I was honored to be a part of at the end of March when Social in Place first came out. Matt Leighton is an agent out of Arlington, Virginia. Matt discussed the opportunity of video during the Lockdown.

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Navigate the Lockdown with Kevin Kauffman

Navigate the Lockdown with Kevin Kauffman

https://www.youtube.com/watch?v=L9gezgXINI0&feature=youtu.be This was an event I was honored to be a part of at the end of March when Social in Place first came out. Kevin Kauffman is a Nationally Recognized Agent with a huge team of agents in multiple states. He...

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Navigate the Lockdown with Kenny Truong

Navigate the Lockdown with Kenny Truong

https://www.youtube.com/watch?v=3k6dwe4yN1s&feature=youtu.be This was an event I was honored to be a part of at the end of March when Social in Place first came out. Here Norman Kinsey III interviews #Fastagent Kenny Truong. An Oakland top producing agent, team...

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The Truth About Your Credit Score and Credit Repair

There is a lot of misconception about credit repair and credit scoring out there. As a mortgage broker we see and hear a lot of things. We are also solicited to constantly by credit repair people. Today we are talking to Sam Parker at MyCreditGuy.com (pre Covid-19). I...

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Forbearance is not Forgiveness

Forbearance is not Forgiveness

https://www.youtube.com/watch?v=aSBvaofITeI&feature=emb_title The Fresh Home Loan Digital 411 with Garrick Werdmuller talking about Forbearance is not Forgiveness. There is a lot of confusing information out there about mortgage forbearance.This is the Digital 411...

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March 2020 in a Nutshell for the Mortgage Market

March was an unprecedented month in the mortgage industry! We saw THE LOWEST RATES in HISTORY! That quickly ended with one of the quickest upticks in history. Then the demise of the Jumbo and Non-QM markets and the Shelter in Place ordinance leading to huge...

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What is a Mortgage Broker?

I have worked for Mortgage Banks and In House Lenders and Broker is Better! If you’re in the market for a home and have found the perfect place, your next step is securing a mortgage. For many people, this is the stressful part. You have to get your finances in shape,...

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