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By myfirstcho6600809, Feb 9 2018 09:36PM

TRENDS WE'VE BEEN WATCHING!



Mortgage Lending is Loosening Up. According to Fannie Mae, today's competition among lenders has relaxed lending requirements, which is great news if you need home financing. If you've been turned down previously, it's time to give it another try!



ARMs Can Open Doors. Adjustable rate mortgages (ARMs) are becoming popular for Millennials. Low initial rates keep payments affordable early on and make it easier to qualify. While 90 percent of home loans are fixed-rate mortgages, ARM pricing could make sense for your unique situation or for your adult kids who are tired of paying their landlord's mortgage!



Getting Creative with Co-Borrowing. Nearly one-fourth of all mortgages today involve a co-borrower, according to real estate information provider, Attom Data. If you're thinking of enlisting a helpful family member or possibly wanting to help a family member gain an edge in the approval process, contact our office. We'll walk you through it!



Rates Appear to Be Rising. Strong economic data and comments by the outgoing Federal Reserve Chair left many anticipating higher rates, according, to Freddie Mac. Delays could cost you.


We stay on top of daily (sometimes hourly) market trends so you don't have to! As long as you stay in contact with us, you never have to worry about missing your chance to make a smart home financing decision.


Let's face it: Between juggling work, family, and life's demands, you don't have the time or energy to bury yourself in fast-changing mortgage rules, new loan programs, and economic forecasts. We do that for you!



"HOME APPRAISALS" ARE NOW CLOSER TO BUYERS' EXPECTATIONS!


Naturally, lenders want to know the "value" of the property tied to a new mortgage before they lend you money.


The new trend toward more accurate home appraisals is clearly a positive change in today's marketplace...and we wanted you to know about it!


Following widespread concern over inaccurate appraisals in the recent past, the process of delivering home values has improved.

As a result, appraisals are becoming more representative of a home's true value. And, luckily, low appraisals are less common.

More accurate home valuations are likely to reflect more solid equity in your property. That means more attractive home financing opportunities for you!


Bottom-line! The lender is going to expect you to put down the difference between the purchase price and the appraised value. Now, you can feel more confident about your home's value and avoid the need to bring in more cash or reduce the selling price to make the numbers work!



So how low did they go?

Let's face it: That coveted home appraisal can be the deal breaker... riding on a single document. Ugh... the dreaded "low" appraisal.


During the housing crisis when prices plummeted, home value estimators were increasingly being challenged. So new regulations required lenders to use independent appraisal management services for more objective home valuations.


The downside was the potential for using less experienced appraisers who were unfamiliar with the local market.



That was then..this is now!

Since housing has stabilized, it's a whole new market and a great time to find out how much home you can afford.



For all of the latest mortgage news, stay informed with a call to our offce right now!



CALL US FOR YOUR MORTGAGE ANALYSIS TODAY!



By myfirstcho6600809, Apr 15 2016 08:55PM

There is no way around sitting at your desk to get work done. So what do you do when all that chair time begins to stress you out and causes pain? To help keep you focused here are five exercises you can do at your desk to help you stay focused and keep you from erupting at any given moment.

1. Extended exhale breathing — We tend to hold our breath in when we get stressed. To avoid this, sit with both feet flat on the floor and on the edge of your chair seat so your body is not pressed against the back of the chair. Inhale to a count of three and exhale to a count of six. Repeat five to 10 times. This exercise will help you release any tension you may be holding onto and will help energizing inhales flow in effortlessly.

2. Office-chair swivel — Holding on to the edge of your desk, pick your feet up and push your chair back until your arms are almost straight. Then rotate your knees to the right and left, keeping your chest, shoulders and head facing forward. The twist wrings tension out of the back muscles and stimulates the kidneys, which are considered a source of energy.

3. Head down, time out — Resting your forehead quiets the mind according to the yoga tradition. To quiet yourself down, stack your forearms on top of each other, move your chair back until your spine is fully extended, and rest your forehead on your top arm. Place your feet flat on the floor. Take between five and eight deep breaths.

4. Eyebrow massage & eye-bright acupressure — Rest one elbow on your desk and use the thumb and forefinger of one hand to squeeze the very top of the bridge of the nose. Gently press your fingers up into the brow bone and take three to five breaths. This stimulates the acupressure point known as ‘eyes bright’ it refreshes vision and clears the head. Then use the thumbs and index fingers of each hand to squeeze the skin just below the eyebrow. Hold for one breath, release, and repeat a quarter-inch further out on the brow. Keep going until you get to the outer edges of the eyebrows. This helps tension drain from the face and counteracts over-thinking.

5. Seated twist — Sitting on the edge of your chair seat with feet planted, rotate your torso to the right, draping the right upper arm over the back of your chair and bringing your left hand to the outside of the right knee. Stay in this position for five breaths, lengthening the spine on your inhale and twisting a tiny bit further on the exhale. Look over the right shoulder to get the top of the spine further into the twist. This stimulates digestion and refreshes the back muscles.

By myfirstcho6600809, Oct 5 2015 09:51PM

You may have heard talk about the Fed raising rates in the near future. But what does this really mean?


It's been more than nine years since the Fed raised the Federal Funds Rate, keeping it near zero to help stem the financial crisis that began back in 2008. The Fed Funds Rate is the interest rate at which banks and other depository institutions lend money to each other overnight. While this does not directly raise consumer rates, home loan rates and lines of credit often increase when the Fed Funds Rate climbs, depending on the market and overall economy.


While many policymakers believe the economy is not yet healthy enough for the Fed to raise the Fed Funds Rate, some analysts believe it may happen this fall or early next year.


If you still haven't taken advantage of today's low rates, or if you have any questions, feel free to call or email me today.



By myfirstcho6600809, Aug 21 2015 09:27PM

What would you do with a few extra 100 dollars? Some homeowners are putting the extra money they are saving into building their dream home. Over the last several months mortgage rates have been historically low. Data was released on Thursday by the National Association of Realtor and showed how home sales had accelerated last month making it the strongest pace in eight years. Much of the increase in home sales is due to the current low interest rates.


Lower interest rates lead to lower mortgage payments hence providing monthly savings that can be used to build your dream kitchen and who knows what else more.


Rehabs on single-family homes soared nearly 13% in July from June. Home Depot and Lowes have been one of the many home improvement stores that have benefited from this rapid growth since consumers use their products for home remodeling.


Acquiring a new kitchen and maintaining a low mortgage payment is just one of the many advantages of buying in today's market.


If you are interested in getting more information, give us a call today and one of our knowledgeable loan officers will be happy to help you.


Pre-Qualification in 10 minutes

(818) 837-6600



By myfirstcho6600809, Aug 17 2015 09:59PM

Achieving Nirvana in the Workplace


It's three o'clock in the afternoon, and you find yourself nodding off at your desk. You muster up what little energy you have left and make your way to the break room in search of an antidote. Your mind and body on auto pilot, you grab a cup of coffee and "something sweet".


Or perhaps you've been working at the computer for hours when suddenly your vision begins to blur. Realizing you're on the verge of a tension headache, you down three Tylenol® (the recommended dose stopped working a few months ago) and get back to work.


Don't feel too bad if either of these scenarios seems familiar; it probably means you've been working very hard. The real issue lies in your choice of solutions. Next time you find yourself without energy, or on the verge of a headache, try doing a little office yoga.


Yoga, a practice which combines exercise with relaxation and breathing, is something that can be done in the privacy of your own office, often while sitting in your chair. Here are a few simple stretches that are sure to help:


For low energy and fatigue - Sit near the edge of your chair, holding onto the sides of your seat. Gently stretch your chest forward and up. Tilt your head back, and breathe deeply in and out through your nose. Relax into the stretch while allowing oxygen to pass through your body.


While standing, raise both arms above your head and grab your left wrist with your right hand. Gently stretch to the right while breathing through your nose. Switch sides and repeat.


For headaches and eye strain - Place your index fingers directly above the middle of your eyebrows. Press with your fingers and hold. Close your eyes and breathe deeply through your nose.


If you're working at the computer, try to refocus your eyes every ten minutes by looking out the window. Once an hour, take a moment to close your eyes and allow your face to soften. Slowly roll your eyes in a circle. Take a few breaths and return to action.


Practice these techniques, and before long you'll be replacing caffeine and acetaminophen with good ol' oxygen.



Have any relaxation tips you'd like to share?

Please call us and tell us about them!




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