All Posts in Tag

mortgage information

How to Make Your First Mortgage Payment

How to make your first mortgage payment on your Los Angeles home

Inside Mortgage Finance News reported on October 28, 2014 … “Total mortgage-related complaints filed by borrowers with the Consumer Financial Protection Bureau fell again in the third quarter of 2014 – the fifth drop in the last six quarters, according…

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I Received a New Property Assessment. What Do I Do?

What happens if I receive a property assessment

As a Chicago-area Mortgage Lender, I’ve always been asked a lot of questions regarding Taxes and Property Assessments.  Property Taxes, and subsequently monthly tax escrow contributions, play a very important role in loan approvals/denials. But throughout the recent housing downturn,…

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The Many Ways Poor Credit Scores Cost You

Bad credit scores can affect you in many ways

A large percentage of the potential home-buyers I speak to have a basic knowledge of how credit scores influence the interest rate received when they finance their home purchase.  Most understand the basic principal:  The higher their credit scores, the…

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The ABCs of DTIs – Debt-to-Income Ratios

Debt to income 101

Definition of Debt-to-Income Ratio:   The figure that represents how much of your income is spent repaying your recurring monthly debts.  The HIGHER your Debt-to-Income Ratio is, the more of your monthly income is being devoted to paying back your debts. …

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A Pragmatists Guide to Qualified Mortgages (QM)

Los Angeles mortgage, new rules

A Pragmatists Guide to Qualified Mortgages (QM) On January 10, 2014, new mortgage rules will go into effect that will change the way home loans are originated by just about every institution.  These changes stem from the Dodd-Frank Wall Street…

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When Inaccuracies Show on your Credit Report

Buying a home in L.A. Inaccuracies on your credit score

When Inaccuracies Show on your Credit Report … What Then? Credit Scores and Credit Reports are very important … That’s true whether someone is hoping to buy a home (or refinance) or not.  But should you be someone in the hunt for Mortgage financing to…

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Home Buyers’ Low Mortgage Interest Rates

Los Angeles Home Buyers Act Now While Mortgage Interest Rates Are Low

I May Not Be Yoda, but I’m Darn Close!      Yesterday, I was reading yet another blog about the low interest rates presently available to home buyers seeking mortgage financing.      Seems another new historic low was announced. Something not…

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What’s Your Point?

Los Angeles mortgage, new rules

What’s Your Point??  Nawwwww … Not THAT Point! A great scene, isn’t it?  But it’s not those “points” I’m going to talk about in this blog.  No, I’m talking the “points” referred to when discussing mortgage costs and options.  …

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