Should You Wait or Lock in Your Loan Rate Now?
Thursday, 30 October 2014
Question: “I’m buying a home and my lender says he can get me a rate just under 4%. Do you recommend I lock my rate in now or wait to see if rates drop more?” Answer: WHAT I WANTED TO SAY: Why would you lock in your rate now? Just hang on a little longer
- Published in Q&A - Home Financing Questions
No Comments
Don’t Leave the Loan in Your Name After a Sale
Saturday, 20 September 2014
Question: (This is actually from an agent interested in buying one of my listings for himself.) “I’m interested in buying your fourplex. What if we took over the payments without telling the lender – never had the experience of lender calling the loan due – they just want to get paid. And we could put
- Published in Q&A - Home Investing Questions
How to Find Your Credit Without a Lender
Wednesday, 05 March 2014
Question: “How do I find out my credit without going to a lender to have them run it?” Answer: Per my favorite mortgage lender, here’s a link you can use to check your credit with each of the 3 major bureaus for free one time per year: https://www.annualcreditreport.com/index.action Lenders don’t use this report, but you
- Published in Q&A - Home Financing Questions, Real Estate Resources
Can a Homeseller Make Me Use a Certain Lender?
Wednesday, 05 February 2014
Question: “Can a homeseller make me use a certain lender? I’m looking at a home and the listing agent says I have to use their lender. Isn’t that illegal?” Answer: I just listened to a real estate legal seminar and they discussed that very topic. It is 100% legal for the seller to require you
- Published in Q&A - Home Financing Questions, Real Estate Tips
Where to Look for a Lender for Your San Diego Home
Wednesday, 08 May 2013
Question: “Where do you suggest I start looking for a lender to get approved for a home loan?” Answer: I would avoid some of the common sources, such as going online or looking at newspaper ads. The best source is to ask a good, reputable, experienced agent. He or she will know a handful of
- Published in Q&A - Home Financing Questions, Real Estate Tips
Unfinished Features Can Create Problems with the Sale
Wednesday, 03 April 2013
Question: “We’re buying a home and the owner is in the middle of redoing the kitchen. He started the demo work (sink, counters, some cabinets) but not the actual remodel. We’re getting a good deal because we said we’d take the kitchen as is. Will that create any problem with the sale?” Answer: If you’re
- Published in Q&A - Home Financing Questions
Beware Bad Lenders When Buying a San Diego Home
Wednesday, 26 December 2012
Question: “Hi Gary. We’re ready to look for a home and have already talked to a lender, so…” Answer: Careful! Just like there are very nice but very bad Realtors, the same holds true for lenders. I could write 100 pages telling you of all the bad experiences my clients and I have had from
- Published in Q&A - Home Financing Questions
The Wrong Way to Find a Lender
Tuesday, 14 February 2012
“I’m looking to refi my condo and I’m calling lenders out of the phone book trying to find the lowest rate. Can you recommend me the lender you think has the lowest rates?” Answer: STOP! Shopping rates is NOT the way to find your lender. Here’s why: 1. There’s more to a loan than interest
- Published in Real Estate Resources, San Diego