by Dan the Man for Mortgages | Feb 8, 2022
Buyer/borrower beware!! Some mortgage brokers and lenders charge higher rates & fees. Problem: This week, a mortgage investor announced it is “increasing its Max Comp from $20,000 to $35,000.” What does that mean for YOU? The lenders selling the loan to this...
by Dan the Man for Mortgages | Aug 11, 2021
Do you have a BEST EVER success story? Check out mine: John (name changed) had a $4.5 million loan at 4.75% on a $13.5 million home in Santa Barbara County and had tried to refinance with other lenders, but the loan was too complicated and had no approvals. Dan the...
by Dan the Man for Mortgages | Aug 3, 2021
Are you in the middle of a refinance with loan amount of $125,000+? Is your rate already locked? Here is how to save approximately .50% in fee on your loan. Background: On Friday 7/16, FHFA (Federal Housing Finance Agency) eliminated the adverse market .50% fee on...
by Dan the Man for Mortgages | Jun 16, 2021
Want to hear a great success story? Kita applied for a mortgage at a big bank, WF, in January. They processed her loan for 3 months. Two days prior to the closing date, they declined the loan. WHAT??!! This should never happen, but it does too often, because the Loan...
by Dan the Man for Mortgages | Jun 8, 2021
Are you self-employed, want to refinance or purchase a home and write off a lot on your taxes? You may be able to get a mortgage loan at the best rates of low 3’s and high 2’s if you have plenty of investment reserves. Solution: Portfolio loan program offered by...
