Mortgage Grader

Oct
10
2020

Southern California mortgage brokers suspected in fraudulent loan applications
Fannie Mae is warning lenders about service industry borrowers who misrepresent their incomes. Is mortgage origination fraud rearing its ugly and damaging head again? Fannie Mae issued a fraud alert to lenders on Tuesday, Oct. 6, warning about income misrepresentation...

Oct
07
2020

Breaking Down The Pros and Cons of a 30-Year Fixed-Rate Home Loan
Are you considering a 30-year fixed-rate mortgage? We're not surprised. Thanks to an extended repayment period and fixed-rate, homeowners can count on a predictable low monthly payment. Here's what you need to know about a 30-year fixed-rate loan and it’s alternatives...

Oct
02
2020

Are banks trying to squeeze out mortgage brokers?
Bank of America told a Thousand Oaks broker it was closing her business checking account because of her occupation. Then, the account was reinstated without explanation. Since 1999, Thousand Oaks mortgage broker Salpi Devlin of Devlin Financial has written nearly 5,000 checks from...

Sep
30
2020

What’s New with Purchasing a Home in 2020
The coronavirus outbreak has changed certain aspects of home buying. In some ways, it’s become more challenging. However, in many ways, it’s actually improved. Here are some of the differences you'll notice about purchasing a home in 2020 and how to prepare for them...

Sep
25
2020

Tips for landlords going without rental income
Government and family assistance, ingenuity and tenant collaboration can solve money crunch. What goes around comes around. Elaine Rock hasn’t raised rents on her tenants for the last seven years. But after California mandated statewide rent...

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