Four Tailwinds as we head into 2020

As we enter the final weeks of 2019, the housing and home lending sectors have enjoyed a good year thanks to a “Goldilocks” scenario of a tight labor market, rising wages, consumer confidence, and three-year low interest rates. Many are asking “What should we expect for housing, and thus lending, as we enter 2020?” The… [Read More]

Need a “Ready to Build” Multifamily and Residential Construction Loan?

Construction loan product: Solutions! We generally place loans on “Ready to Build” Multifamily and Residential homes, generally up to 20 units in California and in the South Western US. We place and fund both Bank or Non-Bank Construction Loans and Real Estate Investment Solutions like cash out and Portfolio restructure. We are often able to… [Read More]

“Goldilocks Economy” for interest rates? Home loan rates are improved!

Last Week in Review: The Definition of Goldilocks “Looking ahead, my colleagues and I see a sustained expansion of economic activity, a strong labor market, and inflation near our symmetric 2% objective as most likely.” — Fed Chairman Jerome Powell, 11/13/2019 This quote from our Fed Chair on Capitol Hill this past week was the definition of… [Read More]

New FHA Condo Project Approval Rules

Quick FHA Condo Approval Rules Guide you may need to know: What is the FHA you might ask? – FHA stands for Federal Housing Administration – An FHA loan is a mortgage issued by an FHA-approved lender and insured by the Federal Housing Administration (FHA). Designed for low-to-moderate income borrowers, FHA loans require a lower minimum down payments and… [Read More]

What is Private Mortgage Insurance? (PMI) Can I remove it?

Private mortgage insurance, also called PMI, is a type of mortgage insurance you might be required to pay for if you have a conventional loan. Like other kinds of mortgage insurance, PMI protects the lender—not you—if you stop making payments on your loan. PMI is arranged by the lender and provided by private insurance companies. PMI is usually required when you… [Read More]