A vast majority of home loans are considered Qualified Mortgage (QM) loans, which comply with strict regulations set forth by the Consumer Financial Protection Bureau (CFPB) and come with liability protection if the borrower is unable to keep up with payments. These are preferred by most lenders because they generally Continue Reading →
Did you know that there is a way to have the financial benefits of owning a second property while still having it considered “owner occupied?” It can be done if the house is lived in by your parents or a disabled child. Call it loophole or whatever you want, but Continue Reading →
There’s no doubt that the banking industry has changed a lot in the past 10-20 years with the advance of technology, with so business done over the internet and through apps. These changes have greatly affected the mortgage industry. If you go way back in time, there were a lot Continue Reading →
It’s been 11 years since the housing market collapsed in 2008 and stricter mortgage regulations went into place. Since then, the market has certainly changed with home prices continuing to rise year after year and mortgage rates staying reasonable. Mortgage regulations have also softened and more loan options have been Continue Reading →
Jeff Smith is a good friend of mine, so I wanted to take this opportunity to congratulate him on his new career opportunity in the real estate industry. I can’t wait to see what he can do as a fully licensed Realtor with the Dean Aguilar Group in San Diego. Continue Reading →
