Greater Sacramento Mortgage News & Views

Mortgage and Lending - WealthWise Mortgage Planning, a Division of American Pacific Mortgage Corporation NMLS #1850 - NMLS 244226
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An El Dorado County Musical Secret that Should Not Be Kept! In Cameron Park, there is a well-kept musical secret that everyone should know about. At Que Viva Mexican restaurant on Coach Lane, three phenomenal musicians from Puerto Rico, led by internationally renowned guitarist Moises Rodriguez, ...
The short answer is don't try this! A loan file that should be approved is stuck in an underwriting "black hole" in which all communication is cutoff and cannot get an answer yeah or nay, weather they will approve the mortgage insurance or not.  A borrowers loan (with many migitating risk factors...
A Lesson about Hazard Insurance in California If you’re a home buyer getting some quotes for hazard insurance, you look for the lowest possible insurance premium, right? I used to think so until I got a thorough insurance lesson from a very smart Sacramento insurance agent. A miscalculation on h...
12/07/2009 How many of you out there can relate to this???   
The Lowest Interest Rate Isn't Always the Best Deal   As a El Dorado Hills mortgage broker, I am sometimes asked by clients, “What is your rate?” Little do they know that I have scores of different rates offered by more than 50 lenders!  Interest rates are a very interesting subject to most peopl...
As a Roseville mortgage broker, I get this question a lot from home buyers, especially ones who have applied for mortgages in the past.  I coach buyers (new and experienced) that the current lending environment and process is much different today.  Lenders/investors are requiring much more inform...
You Choose the Title and Escrow Provider for Your El Dorado Hills Mortgage   In 2009, the Governator signed AB 957, also called the “The Buyer’s Choice Act.”   With that signature, buyers of residential, 1-4 unit foreclosed properties in California could select their own title and escrow companie...
Do you think Call Capture sign riders are a valuable tool in the Sacramento area?I have offered the service free (I handle all of the phone calls to prevent RESPA issues) to area realtors and very few are interested. Of the signs I have placed, I haven’t had much response. Does the fact that we h...
As a Sacramento mortgage broker, my experience working with my clients’ part-time real estate agents has been very frustrating. Communication is usually sparse because they are trying to cover a day job.  Often, they lack essential industry knowledge (especially RESPA), perhaps because they don’t...
I have clients tell me that some of my competitors wouldn’t return their calls.  Some went so far as to take the client’s application but seemed to fall off the planet after that.  Heard similar stories from your buyers?   It doesn’t seem logical that someone wanting to make money wouldn’t respon...

Ed Gillespie

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