Articles

Growth in Jobs Triggers Increased Mortgage Rates August 8, 2012
Growth in Jobs Triggers Increased Mortgage Rates

In 2008 and 2009, the United States economy turned, leading to a national Unemployment Rate of 10%.  During this time, mortgage rates dropped since the Non-Farm Payroll Report indicated that the economy, in the months to come, would conceivably decline. In a…

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Energy Efficient Mortgages and Rehab Loans Make Lending “Greener” March 1, 2012
Energy Efficient Mortgages and Rehab Loans Make Lending “Greener”

When you think of green businesses, the mortgage business probably isn’t the first to come to mind.  It’s more likely that a huge pile of paper comes to mind.  These days there is a disclosure, another piece of paper, for every imaginable…

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Unintended Consequences February 15, 2012
Unintended Consequences

Over the past several years we have seen the regulators scrambling to “fix” the US housing market with all sorts of plans and stimulus and new regulations. It all started in 2008 when then Fed chairman, Hank Paulson (former Goldman Sachs Chief),…

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Investment Financing for Seasoned Investors January 5, 2012
Investment Financing for Seasoned Investors

When the “credit crunch” hit back in 2006, lenders became very leary of borrowers who were highly leveraged with investment properties.  Nearly all banks instituted guidelines limiting the number of mortgage loans an individual could have on non-owner occupied properties.  They also…

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Buying a House After a Bankruptcy December 1, 2011
Buying a House After a Bankruptcy

Bankruptcies have been all too frequent in the past 5-6 years, but just because you may have had one doesn’t mean that you have to wait 7 years or more to finance a new home.  Lenders often look at these situations case-by-case,…

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When Can You Get a Mortgage Again After a Shortsale? November 22, 2011
When Can You Get a Mortgage Again After a Shortsale?

People often ask me for this information so I thought I’d post it.  Bookmark this page so you can refer back to it if necessary. Conventional Loan 7 years if borrower puts less than 10% down 4 years if borrower puts 10%…

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Franklin Loan Center | NMLS 237653
Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, 4131316
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