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.
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.
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.
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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 is almost over and this what has been going on recently in the real estate market.
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!
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!
I recently commented on the decline in home prices we have seen over the last months in San Diego. Many homes in the market have had price reductions, which can be common during winter months, but it’s something we haven’t seen in San Diego homes for some time. While this can be a positive change for buyers, I believe it is still a sellers’ market due to the low inventory. For the full article click here.
I spoke with ABC10 News about the current state of the real estate market in San Diego. Activity is still slow and interest rates remain high, but this could become an opportunity for those looking to buy. I do think we will see an increase in activity in springtime, but I don’t expect prices to skyrocket. If you are looking to buy, give me a call to discuss financing options.
Read the full article here.
For a limited time we will cover the cost of your clients’ appraisal. This could help to save them hundreds of dollars at closing and make the buying experience even better for your clients. It is available for all conventional loans that close before December 31st. At the time of closing a credit for up to $525 will be applied. This opportunity will only last until December 31st, 2018 so don’t wait too long. For more information give me a call today.
I spoke with ABC10 News about the rent control debate currently affecting San Diego.High rental costs in San Diego are prompting people to pursue rent controls to limit rental increases. I believe the long term solution is more supply of housing. The current supply has not met the demand in our city. Rent control would serve as a short term solution that may not be feasible and may not result in the needed changes.
Watch the video here.