Most economic experts predicted that mortgage rates would continue their upward trend in 2018, even though the rates have remained at historic lows. Very recently, they made a big jump as bond yields increased. In fact, interest rates reached the highest level since the end of March. It sure looks 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 →
Absolutely. And we are seeing mostly positive outcomes this time around. There are key distinctions between the sub-prime of old that got everyone into trouble and these new loans, also called “non-prime”, “Non-QM” (Non Qualified Mortgage) and “Alternative Financing”. The two primary being much larger down-payments required (20%+) and a Continue Reading →
The San Diego Tribune recently posted an article about rent costs in San Diego County, which reached record highs in March 2018. A survey was conducted by MarketPointe that researched 133,785 apartments throughout the county. The average rent price was $1,887 a month based on their figures that measure everything 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 →
