90% Jumbo Loan – to 1.5 Million
After last year’s scenario of rising home values and falling defaults, jumbo lenders have come on board with a 90% loan up to $1.5 million for qualified buyers. For clients who sought a higher end home, but were precluded for lack of down payment, here is the...
REBOOT FOR MILLENNIAL SALES
Millennials have largely avoided home ownership because of the challenges they face: higher unemployment, lower wages and student debt. They comprise the largest generation in the country and will be the major force in the workplace. They are thrifty, family and...
Great Communication = More Referrals
We all acknowledge referrals are a mainstay for you, the real estate agent. But despite your best service, you can be torpedoed by your mortgage broker and the client can walk away with a bad taste in his mouth. It happens more times than you should accept. The...
A One Minute Tutorial on the What and Why of Mortgage Insurance
A One Minute Tutorial on the What and Why of Mortgage Insurance Many borrowers ask us at DiVita Home Finance, “What is mortgage insurance and why do some loans require it and some do not?” Mortgage insurance is required on all low down payment loans. It insures the...
Fed Policy of Low Rates plus Declining Oil Prices Bolster US Housing Market
The Fed recently announced short term interest rates will stay put near zero. The board will be “patient” and rates will remain low “for a considerable time.” Chair Janet Yellen confirmed no change in the first quarter of 2015. Many economists believe interest may...
© DiVita Home Finance, Inc 2017
California Department of Real Estate Broker # 01818285 NMLS # 323700