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First Time buyer tips


First Time Home Buyer Basic Tips
Home Buyer Tips-quick points


Loan Process Steps
Consultation & Pre-Qual Pre-qualification kicks off the loan process. A lender reviews your income and debts to estimate how much home you can afford. Because different loan programs can change your buying power, it’s super important the loan officer you're working with has the experience and ability to understand how your qualifying criteria may fit into the various loans available. Debt ratio and how credit history and scores affect your buying power and ability to be appr


APR vs the Rate -what's the difference?
Closing costs and lower rates-what to know. Why isn't the lowest interest rate the most advantageous option? Initially, lower rates typically entail higher lender fees (points). It's important to consider a break-even point when factoring in closing costs, points, and fees. For instance, if obtaining a specific rate costs $5k while a higher rate comes at no cost but results in a $100 higher monthly payment, it could take up to 50 months to reach the break-even point! Given t


Shop the Loan price not the rate --what does that mean?
After my nearly 40 years in lending, there is one constant I can attest to. The bigger the lender the higher their loan price! What exactly is the loan price? It's the combination of the rate and lender fee tied to that rate. For example on a given day a rate might be 5% with $3k in lender fees, or 5.50% with $1k in lender fees. The higher rate means less lender fees, while a lower rate has higher lender fees. Lenders who play the rate game know nearly everyone focuses o


Mortgage rate averages nationwide
How Rates move
Conventional and Government lenders set their rates based on the pricing of Mortgage-Backed Securities (called MBS) which ar


4Cs of home loan underwriting
Got turned down for a mortgage to buy a new home or refinance your current home? You’re not alone.
the first step is to figure out why


Rate Lock Tips to help you get the best rate
Mortgage interest rates -- just like stock prices -- change price daily and you can win or lose a little if you don't know what you're doing


The ugly truth about buyer down payment assistance programs
Rates & lender fees are typically higher on a first mortgage when using a down payment assistance (DPA) program
Consummate Pro and an Authority in the Mortgage Business!
Jade R. from Groveland, CA
I just closed on a second home in a highly controlled mountain community with wildfire risk. Dennis came highly recommended by my realtor, and soon after my initial communication, I quickly knew why. Dennis was not only very knowledgeable, but he is very responsive and patient. I had many questions, since this is my first vacation home purchase in California. Not only was he very prompt with his responses, but the whole transaction was relatively painless. Will I use him again? YES. Will I recommend him to my friends and family? Definitely!
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