Keep up with the latest news and updates
Shannon Gray – Monday, September 25, 2017 A common argument against refinancing a mortgage is that it seems like a backward movement, as the clock is “restarted” with a new 30, 20, or 15 year loan. But there’s a way to move forward by refinancing into a new loan without restarting the term. We call this our Flex Term Refinancing program. This can help manage both budget and timeline, potentially
Recently my wife and had the privilege of buying a vacation rental home. Through that experience I came up with 7 steps to assist those considering purchasing a short term rental or vacation home. 1. Determine where you love you to vacation and where there are opportunities for short term vacation home rentals. You might consider speaking with a local real estate agent. If you’d prefer to not involve an agent until you’re
Shannon Gray – Monday, July 18, 2016 Repair. Improve. Upgrade. Have you noticed? Construction crews seem to be everywhere lately. With real estate values up and the economy performing relatively well, many homeowners are looking to spruce up their homes, rather than selling and buying another home. Steven Thomas, a California Real Estate Broker who follows Orange County real estate trends, states that the average selling turnover rate for an
Shannon Gray – Wednesday, June 22, 2016 The Federal Reserve members are showing strong indications that they will begin to raise the Federal Funds Rate in December, which has held the effective rate at zero for seven years. Many people are confused as to the Fed’s impact on mortgage interest rates. While the Federal Reserve members do influence mortgage rates, most mortgage programs and rates, such as the 30 year
Shannon Gray – Wednesday, June 22, 2016 Piggyback Mortgage Are you looking to purchase or refinance a home and would like to finance more than 80% of the value of the property? More options are becoming available. In addition to loans with Private Mortgage Insurance (PMI) or Lender Paid Mortgage Insurance (LPMI), some borrowers now have the option of adding a piggyback 2nd mortgage to avoid PMI. This option is
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