Blog2019-05-23T09:12:01-10:00

Mortgage Industry News and Events

Reverse Mortgages: Turn Your Home Equity into Income to Live On

Millions of Americans are heading into their retirement years facing a cash crunch: they need income, but much of their accumulated wealth over their working lives is in their houses. And houses aren’t very liquid. In many cases, the retirement-age homeowner can’t qualify for a traditional cash-out mortgage because they’re [...]

Attention Millennials: You Can Buy a Home

Millennials have been in the press a lot lately. Much of the news has been about how Millennials have been putting off home purchases. And it’s true – Millennials have tended to buy homes about 5-7 years further into their careers than previous generations. As of the close of [...]

Orange County Homebuyers: Should You Go Conventional or FHA?

Lots of people ask us whether it’s best to get a Conventional mortgage – one that meets the minimum requirements for purchase by Fannie Mae or Freddie Mac – or apply for an FHA loan. There are advantages and disadvantages to both, so the answer is usually, “It depends!” [...]

Financing a California Property Purchase with a Renovation Loan

The Opportunity Have you been shopping for a home, but feel like you are priced out of the market? It may not be too late for you to buy. With the right property and a little imagination, you can now finance the purchase and the renovation expenses together [...]

How to Get a Mortgage for a Fixer-Upper House

This post is for you home shoppers and/or investors who found a great house that needs some work, but you don’t have the cash for both the needed repairs and for the down payment up front. It’s also for you if you found a great fixer-upper opportunity, but you can’t [...]

Alternative Financing Options for California Real Estate Investors

Real estate is a time-tested long-term wealth generator. Few other investments offer the same qualities in combination as real estate does: • Current rental income/cash flow • Potential for price appreciation • Tangible value • Built-in hedge against inflation • Ready availability of leverage • Tax deductions for depreciation [...]

California Alternative Document Mortgages

For many years, buying a home has been difficult for small business owners, contractors, and the self-employed. If you own a small business or you’re one of the many self-employed and gig economy workers in California, take heart: we know you’re out there—and we offer the alternative document [...]

Applications for Non-Conforming Loans Surge

Among main mortgage products, only applications of “non-conforming loans” increased on a quarterly basis in the third quarter of 2018, according to a new ranking and analysis by “Inside Non-conforming Markets.” The sector includes non-qualified mortgages, non-prime loans, mortgages with alternative documentation and any other non-jumbo mortgages not eligible [...]

Reverse Mortgages Have Surged in Popularity

Why Reverse Mortgages Have Surged in Popularity: 1. 90% of Seniors want to age in their own home 2. 83% of Americans have not saved enough for retirement 3. People are living longer/outliving their money 4. Consumers are becoming educated to improvements to the Reverse Mortgage program 5. [...]

Creative Financing Programs for Self-Employed and Investors

The fastest growing sector in mortgage financing this year has been creative alternative & niche programs. This has been a boon for self-employed borrowers who traditionally have had difficulty qualifying with traditional methods. Here’s a sample of some of the easy options: Qualify on Assets, Not [...]