Articles
August 7, 2014
Where is the Housing Market Headed?
I get asked this question quite often and I want to provide you with my opinion as to where the housing market is headed in the coming months. Take a quick look at the video below and feel free to contact me…
July 31, 2014
Pre-Qualification vs Pre-Approval
What is “Pre-Approval” for a home mortgage and how is it different from a “Pre-Qualification”? Why is a “Pre-Approval” important (if not critical) to the home buying process? Why should Realtors make sure that all of their buyers are “Pre-Approved” as soon…
July 24, 2014
New Survey Shows What Financial Institutions Want for Mortgage Qualification
Many people looking into purchasing a home know that qualifying for a mortgage can have its challenges. Many factors determine if you will be approved or rejected, including having little or no savings, having a low credit score, and having incorrect documentation…
July 14, 2014
Critical Underwriting Update | Effective Aug 16, 2014
Major changes are in store for Fannie Mae underwriting guidelines beginning August 16, 2014. This will drastically effect buyers with recent short sales. The primary changes beginning 8/16/14 will be: Four years of seasoning required regardless of down payment amount following a…
July 9, 2014
Foreclosure Scams are Still Causing Problems
Unfortunately, many homeowners are still struggling with the possibility of foreclosure. And, where there are foreclosures, there are foreclosure modification scams. It is imperative to understand that these scams can only lead to more stress and problems for the homeowners and if…
July 2, 2014
How Accurate Are Online Mortgage Calculators?
Go to nearly any mortgage website and you’re sure to see a mortgage calculator where you can plug in your loan amount, an interest rate, and a number of years and it tells you your payment. Unfortunately, there’s more to this story……
Franklin Loan Center | NMLS 237653
Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act, 4131316