Mortgage Street Smarts

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Mortgage and Lending - AmeriFirst Financial Inc, San Diego, CA - NMLS 259027
From a young age, we learn the difference between BOOK SMARTS (knowledge learned in the school classrooms) and STREET SMARTS (what we learn in the "Real World"...often the hard way). There are no shortage of websites providing the BOOK SMARTS of the Mortgage Industry, but there are very few resources a Consumer has to learn about the STREET SMARTS of the Mortgage Industry. Please feel free to SUBSCRIBE (for free) to this ongoing source of truthful knowledge (without the worry of a "sales spin" buried somewhere in the message). After all, we tend to make better decisions when armed with the facts...the purpose of this blog is to provide FACTS by teaching you the MORTGAGE STREET SMARTS necessary to run your business (if you are a Real Estate Professional) or to make the best decisions for your family (if you are a Consumer). Enjoy!
RECENT BLOG POSTS
 Essential Homebuyer Information - 2 Most Common Topics  If you are buying a home, or know someone who is, please read/share this simple tutorial of the 2 most common topics every Homebuyer wants/needs to know about. Topic #1 - MONTHLY PAYMENT (Where does all of that money go each month when I ma...
03/07/2018
Have you heard of the Real Estate Collaboration Specialist - Divorce (RCS-D) designation?  If not, I suggest you familiarize yourself with the concept immediately, as it might save your business!   Background & Context It is no longer enough to simply be "good" at your job in order to succeed in ...
10/10/2017
Prepare for a wild week for mortgage rates!  What will Friday's employment report do to mortgage rates? Stocks are high early this morning with the Dow setting a new all-time high. June Personal Income & Spending reports were released today, whowing that incomes were unchanged, with spending incr...
08/01/2017
Residential Appraisal protocols were significantly changed with the implementation of the Home Valuation Code of Conduct (HVCC).  Regardless of whether you are seeking an appraisal for a Conventional Loan, a Federal Housing Administration (FHA) Loan, or a Veterans Administration (VA) Loan, our Go...
05/30/2017
 It is no secret that qualifying for a mortgage loan is often more challenging for Borrower's who are Self-Employed.  Freddie Mac has just announced a change to how these Business Owners must document their income (and this change is effective immediately):Documentation Requirements -- The number...
03/07/2017
Just when you thought the recent spike in mortgage rates would stop, we are continuing to get worse! Today is the worst day for mortgage rates in the last 3 months! MBS began with small losses and quickly moved lower. Ironically enough, weekly Jobless Claims rose to 268K above the consensus of 25...
12/01/2016
This morning, September CPI inflation rose 0.3% from August, matching the consensus, and it was 1.5% higher than a year ago.  Core CPI, which includes food & energy, rose 0.1%, below the consensus for an increase of 0.2%. Core CPI was 2.2% higher than a year ago, down from 2.3% last month. NAHB H...
10/18/2016
Pricing is at its HIGHEST POINT in the last 3 months as of today! The JOLTS report showed 5.44M job openings in August, down from the previous reading. Compared to Tuesday's closing, the market has opened with a 0.125 WORSENING to the Points/Credits associated with any given interest rate option....
10/12/2016
This morning, Jobless Claims were just above the consensus, while the Philadelphia Fed Index and Leading Indicators both came in at expectations.  No more economic data will be released today.Compared to Wednesday's closing, the market has opened with a 0.125 IMPROVEMENT to the Points/Credits ass...
08/18/2016
What is the difference between Mortgage Pre-Qualification and Mortgage Pre-Approval (and what is a Mortgage Cross-Approval)?  These terms get tossed around frequently (and are often used improperly) by Real Estate Agents, Buyers & Sellers. The following explanation has been written in an attempt ...
06/13/2016
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Jason E. Gordon

Sr Loan Officer, CMA, CMPS, CDLP, CDRE, RCSD, CDPE
local_phone(858) 461-7007
smartphone(619) 200-8031
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Author Bio: Jason Gordon is a Residential Mortgage Specialist in San Diego, CA. He combines ethics, education, and experience while helping Homebuyers and Homeowners to achieve their financial goals.View all AR Posts By Jason Gordon

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