Articles

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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Forget the Appraisal!  Lower Your Payment Now! October 26, 2011
Forget the Appraisal! Lower Your Payment Now!

Our government has rolled out numerous programs to attempt to help home owners through the extremely difficult times we have seen in real estate over the past couple years.  The acronyms of these programs have, in many cases, have become the alphabet…

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A New Way To Think About Real Estate? September 9, 2011
A New Way To Think About Real Estate?

Actually this wouldn’t be a new way to think about real estate, this would be going back a generation or two.  NOT EVERY REAL ESTATE TRANSACTION HAS TO BE A SHORT TERM INVESTMENT PLAY. One of the many things that went wrong…

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US Credit Rating Downgraded August 9, 2011
US Credit Rating Downgraded

This is the headline we have all been reading this morning and from over the weekend.  My phone and email have been clogged this morning with many questions about what this will mean in the mortgage world. A big part of what…

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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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