The “Do’s and Don’ts” During a Home Loan Closing

You have done the hard part in the house buying process and chosen a lender and a real estate agent to work with.  You have also gone out and found the home of your dreams!  Best of all, your (RE/MAX Evolution) team has done a great job of negotiating the best deal for you. Now, as[…]

To keep or pay-off a mortgage on a rental property….

  What are the tax advantages of a mortgage on rental property? The math is pretty simple when deciding whether it is better to pay off a loan or keep it or for tax purposes.  Start with what the actual tax savings you receive when you have a mortgage on a rental property.  The entire mortgage payment[…]

Improving Economy Bumps Up Mortgage Rates

Signs of an improving economy boosted fixed mortgage rates this week, market reports show. According to Freddie Mac, the average rate on a 30-year fixed-rate mortgage (FRM) was 4.20 percent (0.6 point) for the week ending June 12, an increase of 6 basis points from last week’s report. Last year, the 30-year FRM hovered just[…]

$500 Home Appraisal Credit

Here’s an opportunity to receive up to $500 toward a home appraisal brought to you by EverBank and Frank Joseph! Whether you’re looking to purchase or refinance, EverBank has a mortgage solution for you.   Please contact Frank Joseph for more details and conditions. Please contact us  to help you with your Commercial needs or to[…]

Commercial Analysis First Quarter 2014

Economic Environment Gross domestic product (GDP) grew at a seasonally-adjusted annual rate of 3.2 percent in fourth quarter 2013, following an upwardly revised rate of 4.1 percent in third quarter, according to the Bureau of Economic Analysis (BEA). The stronger growth in the second half of the year raised the growth rate for 2013 overall[…]

You’ll pay more for a big home nowadays, but a big mortgage should be less of a reach

  For the first time in over 20 years, rates on jumbo mortgages — loans of more than $417,000, or $625,500 in pricier areas — are at or below rates on conventional mortgages. Jumbo rates usually run one-quarter to one-half of a percentage point higher, but lenders eager for wealthier customers are making deals. In[…]

Real Estate: Look for value in 2014 According to Money Magazine

    Money magazine’s outlook on how to Make More in 2014 includes how to play in the housing market as a key strategy! The good news for housing is that price gains next year are expected to be only about half as strong as in 2013, when sellers stayed on the sidelines. Yes, that’s[…]

Harvard: 5 Financial Reasons to Buy a Home

  Eric Belsky is Managing Director of the Joint Center of Housing Studies at Harvard University. He also currently serves on the editorial board of the Journal of Housing Research and Housing Policy Debate. This year he released a new paper on homeownership – The Dream Lives On: the Future of Homeownership in America. In[…]


      Please contact us  to help you sell your home and find the home of your dreams!  We specialize in Laguna Beach, Newport Beach, Dana Point, San Clemente and our inland coastal communities. Make it a great day! Jeff

US Average Down Payment Percentage Falls to 15.73% in Q3 2013

“Lenders are putting more focus on purchase mortgages and are adjusting minimum requirements to attract borrowers,” said Doug Lebda, LendingTree founder and CEO. “With home values improving, the risk of borrowers defaulting on loans has decreased, giving lenders more confidence to lend with less cash down from qualified borrowers.”           As[…]

Good news for homebuyers who don’t have a lot of cash on hand: Banks are offering loans with down payments of just 5%.

  After the housing bubble burst, buyers needed to come to the table with as much as 20% down or they had to turn to the Federal Housing Administration for a low down-payment loan. But now banks like TD Bank, Bank of America (BAC, Fortune 500), and Wells Fargo (WFC, Fortune 500) are loosening the[…]

Buy Now or Pay More Later?

Forbes, in their online edition last week, spoke to the importance of buying a home now rather than waiting. “With mortgage rates creeping up toward 5% as 2013 draws to a close, potential home buyers have some decisions to make — and soon. The danger for potential homebuyers isn’t that mortgage rates are nearing 5.00%;[…]

As mortgage refi boom dries up, lenders loosening requirements for homebuyers

Online mortgage originator LendingTree’s monthly Credit Accessibility Report shows the average accessibility score for U.S. borrowers rose from 103 to 106 between July and August, indicating that borrowers had easier access to mortgage credit. The Credit Accessibility score is benchmarked at 100, using data from the full year of 2012, which is where it stood in[…]

Signs of an easing of credit requirements are surfacing

Could the end of the refinancing boom be stimulating slightly more favorable mortgage terms for home buyers? The latest comprehensive study of activity in the market suggests the answer could be yes. Ellie Mae Inc., a mortgage technology firm in Pleasanton, Calif., conducts a survey involving a massive, nationally representative sample of loans closed each[…]