Here are the facts. If you were to add up all the equity accrued by American homeowners as of this month, you’d have $5.8 trillion earned according to a recent CNBC article. This is the highest such amount that has ever been recorded. The average homeowner has well over $100,000 Continue Reading →
I hear it often, the phone rings, “Hello, I found you on Google. I’m going to buy a house and I’m shopping around and so what is your best interest rate on a new mortgage?” Or I get requests via email to submit my best rate quote from someone I Continue Reading →
When I started Transparent Mortgage in 2012, I wanted communication and trust to be the cornerstones of this business. After working for years at bigger mortgage companies, I realized that a lot of the customers came in feeling somewhat unsure about the process. Perhaps a friend or family member had Continue Reading →
San Diego remains a red hot seller’s market. Mortgage interest rates remain fairly low while housing prices surge. Right now, it’s the perfect storm of situations, but are sellers really benefiting? Low Housing Inventory Probably the biggest factor to look at is the lack of inventory. New homes aren’t being Continue Reading →
For many homeowners with adjustable-rate mortgages (ARMs), the fluctuating interest rate will be based on the LIBOR rate. This stands for “London Inter-Bank Offered Rate” and it represents the interest rate at which London banks can borrow money from other banks in a particular currency. LIBOR Effect on Adjustable-Rate Mortgage Continue Reading →
