Many of the country’s top lenders and financial associations have been pressuring the Consumer Financial Protection Bureau (CFPB). They have been asking to eliminate the strict debt-to-income (DTI) ratio requirement that is currently part of the Ability to Repay/Qualified Mortgage (QM) rule. What Are the Current DTI Requirements? Mortgage loan Continue Reading →
San Diego home prices are at a record high, with the median home selling for nearly $580K, and millennials all over the country are getting creative—often taking second jobs or selling their Bitcoin to afford a down payment. According to real estate company Redfin—who graciously provided all the source material 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 →
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 →
