The number one reason that real estate deals fall out of escrow is because of the loan. Most loan officers, banks and mortgage bankers have a limited set of products that fit into a small stringent box. If your a real estate agent that can’t get your buyer qualified from the get-go or if you have Read More…
Author: Bill Lyons
Bypassing The Big Banks for a Home Loan
When it comes to securing a home loan, every “big bank” has a set of criteria they use to discern whether or not to award a loan: A DTI (debt-to-income ratio) of 43% or less A 20% down payment A 720+ credit score 6, 9,12 or 18 months of assets/reserves 4 to 7 years removed Read More…
Pacific Gate San Diego High Rise Condo Foreign Income Loans
A new Bosa Development luxury high rise Condo project in the Embarcadero district of downtown San Diego opened its doors this summer. The property is located at 888 W E St San Diego CA 92101. The Pacific Gate tower has attracted many buyers including foreign buyers, due to its beauty, location, and amenities. Most US Read More…
Tips and Tricks Personalizing Your First Home
Nonstop Signs & Graphics is a versatile printing company based out of San Diego. We work with individuals, small boutique businesses and Fortune 500 companies alike. Forbes recently recognized Nonstop Signs & Graphics as one of the fastest growing companies in the US. CEO Brandon Stapper serves on the Youth Entrepreneur Council and the Forbes Read More…
What Freelancers Need to Know About Getting a Mortgage
Getting a mortgage and looking for a new home is always a difficult process, especially when you’re self-employed or tend to work on a contract-to-contract basis. Luckily, your search for a mortgage doesn’t have to become a separate ordeal as long as you utilize this checklist to get your ducks in a row before speaking Read More…
Buyer’s Market
The real estate market has officially become a ‘buyers market’ in some areas of the country and within some areas of your town. Remember, corrections happen regionally based on the local economy while crashes happen nationally/globally. This is not a crash, it is simply the end of a cycle and is part of the normal Read More…
Breaking: Real Estate Inventory Low
America’s luxury home market is facing an inventory shortage but it’s not as deep or severe as the one in the wider housing market. Redfin says that inventory of homes priced $1 million or more was down 20.4% in the first quarter of 2018 compared to a year earlier, pushing prices in the luxury sector Read More…
Today’s Marketplace
The Markets Rates declines for the second straight week, but they started rising toward the end of the survey period. For the week ending June 7, Freddie Mac announced that 30-year fixed rates decreased to 4.54% from 4.56% the week before. The average for 15-year loans fell to 4.01% and the average for five-year adjustables Read More…
The Fed Meets Today
This week the Federal Reserve Board’s Open Market Committee meets with analysts expecting another hike in rates. While the overwhelming sentiment is for a hike, the enthusiasm for such a move is slightly lower than it was a few weeks ago. Since then there has been a flurry of international news causing both concern and Read More…
Hispanic Wealth and Influence Growing
Home purchases, new business starts and stock market investment are accelerating among the U.S. Hispanic population in spite of political headwinds, according to the 2018 Annual Report from The Hispanic Wealth Project, a non-profit organization supported by the National Association of Hispanic Real Estate Professionals (NAHREP). Based on the report, the Hispanic homeownership rate rose Read More…
