Question: The question of the week is taking the day to recover from tryptophan overdose yesterday. [email protected] Remember, with Dennis it’s not just a mortgage, it’s your complete financial picture. Short week with limited economic data that was positive, supporting rates moving higher. Existing home sales in October were very strong with the most home […]
Question: With rates having gone higher what happens if I can’t close before my rate lock expiration date? Answer: Every lender has their own policies when it comes to rate locks and the options when the lock is set to expire, however most have similar policies. Here is a look at how rate locks work […]
Question: Now what? Answer: A question a lot of people have been asking this week in many sectors, and one I have had asked several times on Wednesday and Thursday. Now that the election is over and Donald Trump is President-elect, what are the expectations for the mortgage industry? Three weeks ago I answered the […]
Question: I am going to purchase a condominium unit, what should I be looking at besides the actual unit? Answer: Condos are a great option for many people. There is not as much upkeep as a home, if you like to travel you can generally shut the door and go, you are in a small […]
Question: Is it worth it for us to try to increase our credit score? Answer: Probably. After the mortgage and housing market meltdowns one of the first adjustments made by Fannie Mae and Freddie Mac was to increase the number of tiers in pricing adjustments for credit scores. What do I mean by “tiers in […]
Question: What impact will the election have on interest rates? Answer: Here I go grabbing the third rail of marketing…never discuss politics nor religion… Some background, I have a Bachelor of Arts degree in Economics and Political Studies and have been active in continuing my education in both disciplines since receiving my degree in 1984. […]
Question: I just received my tax bill and the amount is higher than last year. Why is it higher, I thought because of Proposition 13 my property taxes would always stay the same? Answer: This is not an uncommon question this time of year because of confusion, or lack of knowledge, about Prop 13 and […]
Question: Where do you get your business? Answer: It is interesting how often I will be asked the same question over a short period of time from different people, telling me the question has to be a question of the week. This question, inquiring where my clients come from, has been asked three or four […]
Question: Why would someone use an app for something as important as a mortgage? Answer: Great question from a 9th grader sitting on the couch when an ad came on the television. It was prefaced with, “when I first saw this ad I thought, ‘this company could put dad out of business. Then I thought, […]
Question: Why shouldn’t I get 20% discount from retailer to apply for a credit card? Answer: This question came up in a backdoor sort of manner with a client who has a blemish on his credit report from a credit card company that mismanaged his account. The reason he had the account was he received […]
