Who Else is Thinking About Refinancing to Remove FHA Mortgage Insurance?

Getting into a home with just 3.5% is truly using leverage to your advantage.  And doing that in a high-cost competitive market like L.A. or Orange County, CA is even more advantageous depending on what type of market cycle you are in, a buyers or seller’s market.  However, with a low down payment comes mortgage Read more about Who Else is Thinking About Refinancing to Remove FHA Mortgage Insurance?[…]

Percent of homeowners with an ARM in Orange County

Lenders Seeing Popularity in their New ARM Product

There’s a new loan product rising in popularity for homes in affluent neighborhoods as it pertains to ARMs, also known as adjustable rate mortgages. The new product is the jumbo 5/5 ARM. This loan is a five-year ARM but the interest rate is fixed during those initial five years, After the first five years, the Read more about Lenders Seeing Popularity in their New ARM Product[…]

sign showing what financing options are available

5 Ways to Buy a Million Dollar Home

The housing market has never had a period where the percentage of all-cash buyers are one-third of all purchase in loans under the jumbo loan limit.  With all the hoops borrowers have to jump through for conforming Freddie and Fannie Mae products, they simply paid cash. In the non-conforming category, all-cash buyers represented 36% of Read more about 5 Ways to Buy a Million Dollar Home[…]

Lenders Becoming More Lenient in Healthy Housing Market

Since the housing market is returning to a healthier condition, investors are increasingly taking notice of the high-end of the market which includes borrowers who use jumbo mortgage products. On the rise in this sector are more underwriting approvals and loan closings, while on the down side the minimum credit score to qualify for non-conforming Read more about Lenders Becoming More Lenient in Healthy Housing Market[…]