Chris Salese can be reached at firstname.lastname@example.org or (707) 363-4439. He is a licensed California mortgage banker (NMLS 254469/1850 CA BRE 01377933/01215943) and equal housing lender.
No matter where you are living in the world, it’s almost guaranteed that each day brings with it plenty of new opportunities and challenges for you. It is how you handle these things that makes a difference.
In the spirit of that traditional summer treat — the standard ice cream cone — there’s usually three basic flavors to consider when waiting in line to place your order.
If you are looking to borrow money, then most likely the person or bank lending you the money is going to charge you a rate for the use of those funds until they are repaid in full.
There’s been a catchy radio commercial floating around the air waves lately from a travel company that speaks to how it feels like it’s six months into the new year, yet it’s only been six weeks.
In my previous column, I mentioned that the FHA made a surprise announcement to lower their mortgage insurance premium, which was part of a large package of final moves by the Obama administration before they departed the White House.
Each year, millions of people try to make good on their New Year’s resolutions and it’s probably no surprise that physical fitness always seems to be top on the list.
As we laugh and stumble into the last few days of the year, it’s important to pause and take note of several recent technology upgrades from our friends at Fannie Mae.
I’m definitely not a cook or a chef or, for that matter, any use in the kitchen. There’s plenty of members in my household who will quickly and gladly confirm this to be the case.
If you are currently in a VA loan, then you should absolutely be reaching out to your local lender to discuss your eligibility for the VA Interest Rate Reduction Refinance Loan (VA IRRRL).
Whether it’s a Jamba Juice, a car wash or a new home — it doesn’t matter what you buy these days, you will inevitably receive some sort of request to complete a survey after your purchase is complete.
When the size of your loan is too big to fit into the underwriting box of Fannie Mae or Freddie Mac, your lender is likely to try to match your application up against the guidelines of a jumbo home loan investor instead.
Don’t worry, I’m not going to modify the lyrics to this classic Cher song in an attempt to make it into some mortgage-related-sounding column. The thought didn’t even cross my mind.
Most likely, when someone asks if you have good credit, you automatically reply with a score because that’s what the credit bureaus, credit repair companies and credit monitoring services want you to do.
It doesn’t matter if you are selling your property or thinking about refinancing it, when a home loan is involved there’s likely an appraisal inspection as well.
According to Fannie Mae, certain energy retrofit lending products — often referred to as Property Assessed Clean Energy (PACE) or Home Energy Renovation Opportunity (HERO) programs — are used to finance residential energy improvements and are generally repaid through a homeowner’s real estat…
“We are first-time home buyers and thinking about trying to purchase by this summer. Should we start the application process now or wait, we don’t know how long our approval would be good for?”
It’s raining, termites are swarming... similar in sound to a classic nursery rhyme, the rest of the verse might be “the pest control guy is definitely not snoring” around this time of year.
When it comes time to clarify your occupancy intentions for the property you are financing, you only have three choices: primary residence, second home or investment property.
When you were a kid, I’m sure you can remember those times when you pretended to be someone else and spent countless hours prank calling your neighbors while laughing uncontrollably.
As I wrote in a previous column, when the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law in 2010, it created the Consumer Financial Protection Bureau (CFPB).
If you are purchasing a home, unless you are doing so with all cash, you will probably need money from your lender to complete the transaction. One of the most important parts of the closing process is how your lender will fund your loan.
My husband owns a property here in California and his name alone is currently on the loan and title of it. We are married now, and since I’m his wife, can I refinance the property into my name only so he can free up his credit to participate in other investment opportunities?
There’s a long list of names floating around in the real estate and lending worlds when describing types of internal or external living quarters — ‘granny flats.’
While there is nothing like the title of an epic Clint Eastwood movie to tie together one of the more controversial practices in the mortgage lending industry, I will spare you my attempts to match the movie’s plot up against the process of making a “double-app” with your lender or a differe…
In typical fashion, Fannie Mae and Freddie Mac are at it again with their uncanny timing of publicly announcing major policy changes during volatile periods in the mortgage market.
‘My wife and I just finished a refinance on our home, and it was annoying how our lender kept asking us if we took money out on our home equity line of credit. Although the end result of the refinance was great, we felt as if we were being singled out with this same request over and over aga…
‘One of my friends was bragging to me that they bought a home and got cash back at closing. Is this true or was my friend just not explaining this correctly?”
Typically, regardless of the sport that’s being played, a referee is someone who makes sure that all the rules and regulations of the game are correctly followed while the game is in progress.
“My husband’s family owns a property that’s just over 45 acres in Northern California. It has a house on it and pretty much nothing else, with the exception of lots of trees. They want to sell it to us. Are we going to be able to get a loan to buy it?”