Building Trust
Today, I watched a short video from John Maxwell and reflected on it about the mortgage business. A lot of our business is about building trust with borrowers, delivering on those promises, and following through. In today's market place, due to low rates and increased demand for loans, there are many challenges. May we continue to overcome the difficulties, close the loans to deliver on the promises, and continue to build trust. John said in the short video: How do I build trust with you? by...
Market Update – rates are on the rise – 2/18/2021
Funded a loan in Oakland for cash out refinance; and funded a rate and term refinance in San Leandro this week. Locked a loan in Castro Valley for refinance, and locked a purchase loan in San Ramon for a 1031 exchange this week so far. Tuesday without warning the bond market lost more than 60 basis points, and mortgage rates had their steepest increase this week. There is virtually zero chance rates will return back to their lows and here is why: The Fed has stated they are not increasing bond...
Jumbo Purchase – Case Study – What Can Happen with a Wrong Pre-approval
Summary: This loan was conditionally approved for borrowers with many financed properties, but the real estate transaction was cancelled. What Happened?: A borrower reached out to us and sees if we can help him after he signed a purchase agreement. The mortgage broker that had done his pre-approval couldn’t do the jumbo loan. The borrowers have a very complex financial situation with recent employment changes and very active real estate transactions. The borrowers were rejected by many lenders...
Housing and Mortgage Market Update – 2-12-21
Mortgage Rates and Loan Volume: Mortgage rates continue to move within a narrow range. Right now, there appear to be few if any forces that will create pressure for rates to move in one direction or another. The job market is inching its way back with hirings increasing and layoffs decreasing. More and more cities and states are easing restrictions on the entertainment industry. New York, which has had some of the nation's tightest Covid restrictions, just announced that venues like theaters...
Three Loans Got Funded on the Same Day
What a day! One loan for refinance in Berkeley, and two combo loans (one refinance and one cash-out for the same borrower) in Hayward Hills got funded today.
Rate and Term Refinances and Cash-out Refinances in January, 2021
This January, we were able to help borrowers in San Diego, Chula Vista, San Leandro, Newark, San Lorenzo, San Ramon, Pleasant Hill, Irvine, Oakland, Kirkwood, Emeryville to either lower their mortgage payments or get cash-out to consolidate debt. One couple took out almost 500k cash from their house and hired a professional to help them invest the funds. If you need help, feel free to schedule a time to talk to us and see how we can help you to take advantage of the equity in your house.
A Townhouse in Santa Clara, Purchase Loan Funded
We helped a first-time home buyer to finance the purchase of a townhouse in Santa Clara. The loan was funded on 1/28/21 and recorded on 1/29/21. Thank you Amy Wang, Giant Realty Inc, representing the buyer, for a smooth transaction. If you need help with real estate transactions, feel free to give Amy a call. She is fluent in both Mandarin and English. Amy H. Wang DRE# 01933810 Giant Realty Inc. 39510 Paseo Padre Pkwy, #160 Fremont, CA 94538 Tel: 510-298-9980
4-plex in Pinole, Purchase Loan Funded
We helped an experienced buyer/investor to finance the purchase of a 4-plex in Pinole. The loan was funded on 1/20/21 and recorded on 1/21/21. Both the listing agent and selling agent were very delightful and professional to work with. Free feel to try them out if you need help with real estate transactions. Buyer's Agent: Watkins Real Estate 2811 Castro Valley Blvd., Suite 205 Castro Valley CA 94546 510 278-2121 Office 415 515-9175 Cell ralph@watkinsre.com www.watkinsre.com DRE: 00977204...
3 bathroom 2 bath house in Castro Valley, Purchase Loan Funded
Helped an investor to finance the purchase of a very good deal.
4 bedroom and 3 bath house in Castro Valley, Purchase Loan Funded
Helped a family finance the purchase their dream house with a very good school district. Amy Wang from Giant Realty Inc, helped the buyer, find a very good deal. If you need help with real estate transactions, feel free to give Amy a call. She is fluent in both Mandarin and English. Amy H. Wang DRE# 01933810 Giant Realty Inc. 39510 Paseo Padre Pkwy, #160 Fremont, CA 94538 Tel: 510-298-9980