Have You Ever Thought About Buying a Manufactured Home?

As home prices rise, more home buyers are looking at Manufactured Homes as a viable alternative to “stick built” homes. Historically, mortgages for these manufactured homes have been tough to find, but things, they are a-changin’. What Exactly is a Manufactured Home? If a factory-built dwelling unit is built on a permanent chassis and attached [...]

Read More

Ready for Some Home Design Trends for 2019?

Are you ready for home design trends for the new year? Read on . . . 1. Bold wallpaper has been working its way back for a while now. Definitely bold – no washed-out flower patterns. Birds, flowers, clouds and geographical designs are all very in, but make sure they are bold. And of course, you don’t [...]

Read More

Mortgage Rate History

Interest rates seem high now, but remember, it’s all relative. The history of mortgage rates tells a different story. I was a stockbroker in the 80’s and remember when interest rates were double digits. When I became a mortgage broker in 1990, my first loan was a refinance for a high-rise in Century City. I remember it [...]

Read More

Why are mortgage calculators useless?

Lending websites almost always offer mortgage calculators, designed to tell you what size mortgage you qualify for. Heck – even my site has one. They are fun to play with but they are useless! Here’s why. Your Income First, what interest rate will you plug in? This will vary depending on several important factors: credit score [...]

Read More

Homeowners on Golf Courses Find Themselves in a Hole

Are you thinking of buying a second home on a golf course? You might want to think again after reading this Wall Street Journal article. Quoting from the WSJ – Beware Golf Course Homes “When Mitch Steller first moved into his house on a lush 117-acre golf course in Southern California, “this was like the [...]

Read More

What’s the difference between a Home Inspection and a Home Appraisal?

My clients often ask me about the difference between a home inspection and an appraisal. It is often confusing to everyone. The Home Inspection Home inspections are examinations of a property to determine the condition of the structural and mechanical systems. This is done by a professional Home Inspector. There are many different types of [...]

Read More

Buying a home? Here’s What to Look For When You’re House Hunting.

When you’re ready to buy a home, think carefully about what’s most important to you, both in terms of location and in terms of the house itself. House Hunting can be fun but also overwhelming. When you first jump in your car to spend the afternoon going to open houses, you are excited and filled [...]

Read More

How the Government Shutdown Can Affect Your Loan Closing Date

The partial government shutdown has far-reaching effects. When you apply for a mortgage using your tax returns to prove income, one step in the process is the IRS 4506-T form. The 4506-T is a request to the IRS for a transcript of your tax returns, usually for the past 2 years. The purpose is to [...]

Read More

Reverse Mortgages, the Good, the Bad and the Ugly

What do you think of Reverse Mortgages? I’m going to give you my unvarnished opinion, warts and all. First, the homeowner has to be at least 62 years old. The purpose of a Reverse Mortgage is that there will be no more mortgage payments for as long as the homeowner stays in the home. The [...]

Read More

Careful…Don’t Get Caught in the Rental Trap!

There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage. Don’t Become Trapped Jonathan Smoke, Chief Economist at realtor.com, reported on what he calls a “Rental Affordability Crisis.” He warns that, “Low rental [...]

Read More