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I wish more people asked that question when shopping for a mortgage loan. Here’s how too many conversations start with someone calling to inquire about the rates I could offer them: Caller: “What’s your rate today?” Me: “Rates are based on credit score, loan amount, equity in the property, occupancy, and a few other criteria.”…

Are interest rates going to drop further? Will Hawaii see a drop in home values? Those are the 2 most asked questions I’ve fielded recently, so I thought I would share my insight for this week’s article. Interest Rates: There are have been numerous articles published recently that forecast even further drops in mortgage interest…

People are suffering due to the economic mess we put ourselves into. It’s no more obvious than watching the local news at night seeing people line up for hours to get handouts of free food. If you noticed, these people aren’t bums. These are proud people driving nice cars – a sign that they were…

Even if you are making your mortgage payment and not electing to take forbearance, millions of others in the US are, and it will affect you. As of April 23rd 6.4% of all US mortgages went into forbearance. That represents about 3.4 million homes. But the shocker is the staggering number of newly opened mortgages…

Here Come the Overlays… Here’s a staggering statistic: There are roughly 160 million people that make up the workforce in the United States. Prior to the coronavirus, the unemployment rate was 3.5%, which represented about 5,000,000 people. Over the last 3 weeks we have had 22,000,000 first-time unemployment claims filed. That puts the national unemployment…

You are practicing social distancing. You mask-up just to go get the mail out of the mailbox. But in order to sell or refinance you must allow some stranger into every room of your house? Luckily Fannie Mae and Freddie Mac, the government mortgage entities have been collecting home value data for years. Every appraisal…

Thousands in Hawaii, and millions across the country are now unemployed and unable to make their mortgage payments. There are also those that own investment property where the tenant is in the same situation and can no longer pay rent. The Feds have come to the rescue and are telling millions of Americans to skip…

If you follow the headlines or have tried to refinance, you’ll know that mortgage lenders have been swamped with applications. With so much business how could there be financial issues? This week we dive into the weeds to expose the next government bailout of the mortgage industry. In the mortgage world there are 3 different…

I have written for years educating consumers on why interest rates move up or down. I know all of you just want to know if you’ll be able to refinance, and when to pull the trigger and lock in that rate. This week I’m going to break it down into the two most important and…

I wouldn’t expect anyone outside the world of mortgage financing to have tracked the fall, then rise, of mortgage rates over the past 2 weeks. Rates dropped to their all-time low, and before you could say yay! rates jumped up higher than what they were prior to the fall of the stock market. I have…