What Is An Appraisal?

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Down below is a short vide explaining the importance of an appraisal in the home buying process. An appraisal can help to give you a better idea of the value of your investment in a home. For any questions you may have, reach out to me I’m happy to help!

Is Now The Time To Refinance?

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I spoke with Bloomberg about the rise of refinancing we have seen.

Market timing is always an issue in the real estate and financing business. Although many expect rates to continue to decline, we do not know where the bottom will be. But, when people wait to see the bottom, they jump into the market AFTER the moment of greatest opportunity. In this case, lowest interest rates. In addition, they forgo the time that they would have enjoyed a lower interest rate by seizing a good market opportunity NOW.

Rates go up and they go down. We do not know the how much or when they move. Here are two alternative scenarios with more change and less change in interest rates. In an ideal world, we want to hit the bottom, marked with the red arrow. I my  opinion, it is better to seize a rate opportunity as rates decline rather than miss an opportunity as rates are increasing. I have also observed that rates increase faster than they decrease in past cycles.

I think now is a great time to review mortgage debt and evaluate a refinance. Let me know how I can help you.

For the full article, click here.

San Diego Real Estate Market Update

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Hello everyone, I wanted to share a market update video now that we are well into the second half of the year. Some of the topics I discuss are the slowing down of the market and what that can mean for the overall state of the market. I still think it’s a good time for buyers due to the decreasing we have seen in interest rates. Watch the video down below and let me know how I can help you!

Commercial Real Estate Workshop

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If you have been wanting to learn more about commercial real estate and how to analyze transactions, I’d like to invite you to join this upcoming workshop. I will be presenting this class along with Curtis Gabahrt, president of Gabhart Investments who has been very successful in the commercial real estate industry. We will be covering many topics all about commercial real estate. Make sure to get your tickets soon, you can purchase them here.

Now Licensed In Arizona

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Hello everyone, I’m happy to announce that I am now a Licensed Loan Originator in Arizona. Along with working in California I’m looking forward to helping clients and brokers in this new market. Many California residents have invested in property in Arizona because of the rising market and great investment opportunities. Whether you’re looking to invest or to make the big move to our neighbor state, I’m happy to help.

What To Do During The Application Process

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Submitting your loan application does not mean the process is done. There is still a lot of reviewing that needs to happen to finally close the loan. If you are in this phase of the home buying process, there are steps you can take to ensure the loan will close and you will be funded for your purchase. Watch the video below for three easy steps you can take. Like always, I’m happy to help with any questions you may have.

Benefits Of Working With A Mortgage Broker

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Working with a mortgage broker has many benefits over acquiring a mortgage with a big bank. Not only can we find the better rates, but we can help make sure buyers have more purchasing power. This can be essential in the San Diego market because of the competition brought on by the low inventory of homes. Getting pre-approved is always a great first step in your home search.

To read the full article click here.

What Do Low Unemployment Rates Mean For Real Estate Market?

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Unemployment is very low. This is great. But, low unemployment is a harbinger of recession as you can see in this chart. However, recessions are a time when interest rates also decline. What does this mean for housing prices? I do not perceive a lot of speculative value in the our current home prices. So, if the economy does slow, I believe pricing will remain stable and we can get into a buyers’ market. I do not expect home prices to be adversely impacted if the economy does slow in the next year or so. This will be supported by lower interest rates in a sluggish economy. Lower rates also help affordability.

April 2019 Market Update

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April is almost over and this what has been going on recently in the real estate market.

  • low inventory of homes
  • interest rates have remained low
  • listing times have been longer for homes

Make sure to watch the video above to know what this can mean for you and for other trends to keep an eye on. Le me know how I can help you!

Loan Programs For Self Employed Borrowers

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Right now the hot new programs in the loan world are those suited for self employed borrowers. These programs allow you to use bank statements or stated income instead of your tax statements. Whether you’re looking for an investment property or a home for yourself, we can find the right option for you. Check out the video below for more information and give me a call to discuss. I look forward to helping you!