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Mortgage & Refinance Specialist


Posts in Category: Featured

September Market Update

Shannon Gray – Saturday, September 22, 2018 As is common for this time of year, the amount of homes for sale has increased and demand has decreased. In Orange County we have seen a 23% increase in inventory since this past Spring. There are presently 7,070 homes for sale as compared to 5,730 in May…. read more

Rising Rates and Home Values Part 2

Rising Rates and Home Values Part 2 Shannon Gray – Thursday, June 28, 2018 As Charles Dickens famously wrote, “It was the best of times. It was the worst of times.” If you are a homeowner today, “the best of times” rings true since your home has probably appreciated in value and you most likely… read more

Rising Rates and Home Values

Shannon Gray – Thursday, February 22, 2018 Now that mortgage interest rates have climbed to their highest levels in 4 years, you may ask, “Will rates continue to climb? And what impact will that have on the housing market?” Most economists and experts believe mortgage interest rates will most likely continue to slowly increase. If… read more

2018 Orange County Loan Limits

2018 Orange County Loan Limits Shannon Gray – Thursday, December 07, 2017 Fannie Mae and Freddie Mac announced they will be raising their loan limits for 2018. Typically, loan limits are raised when median home prices are increasing, which was obviously the case in 2017. The limit is increasing from $424,100 to $453,100 for a… read more

Flex-Term Refinancing

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… read more

7 Steps to Buying a Short-Term Rental/Vacation Home

Shannon Gray – Wednesday, July 26, 2017 Recently my wife and I purchased a short-term rental/vacation home. Through that experience I came up with 7 steps to assist those considering purchasing a short-term rental/vacation home. 1. Determine where you love you to visit and where there are opportunities for short term vacation home rentals. 2. Figure out your financing. a. Down… read more

Change is in the Air

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… read more

Will Mortgage Interest Rates Increase?

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… read more

Piggyback Mortgage

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… read more

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