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!
Yet another volatile morning thus far with the cost to acquire interest rates getting higher. Trade Deficit and ISM Services Data reports are partially responsible for fueling this increase in mortgage pricing.Compared to yesterday's closing, the market has opened with a 0.125 - 0.250 worsening t...
Construction Spending, the ISM Index, and Consumer Sentiment reports all came in below expectations today. However, a rally in stocks has moved Mortgage Backed Security prices lower this morning after a rally yesterday afternoon.Compared to yesterday's closing, the market has opened with a 0.125 ...
Another quiet day with respect to the release of economic reports.  Recent trends have been fairly flat despite small ripples in either direction as of late.Compared to yesterday's closing, the market has opened with a 0.125 worsening to the Points/Credits associated with any given interest rate ...
Mortgage Backed Securities have declined this morning following a down afternoon yesterday. The JOLTS report was near last month's levels. No further economic data will be released today.Compared to yesterday's closing, the market has opened with a 0.125 - 0.250 worsening to the Points/Credits as...
San Diego Property Taxes can be challenging to understand...especially with all of the incorrect information floating around cyberspace.  The following information is taken directly from the San Diego County Treasurer website in an effort to help you understand the facts about San Diego Property ...
How to calculate an FHA mortgage payment has evolved again, now that the most recent Monthly Mortgage Insurance changes have been implemented via HUD Mortgagee Letter 2015-01.  How to calculate an FHA mortgage payment Step 1: Determine the loan amount· Purchase Price x .965 = Base Loan Amount (as...
FHA Mortgage Loans have helped people from all over the country achieve their goals of homeownership. On many levels, FHA loans have provided more leniency on qualifying approval parameters than other loans on the market. For example, FHA loans have allowed lower down payments, higher debt-to-inc...
This almost sounds like the buildup of a joke, but there is no punch line...THIS IS REAL! After reading this article, you will likely utter one word under your breath... "FINALLY!" FINALLY there are Lender's who will commit their own financial "skin in the game" during an escrow! Real Estate Prof...
Mortgage Backed Securities have given back some of last week's gains this morning.  Mixed early economic data was roughly neutral. November industrial production rose from October, well above the consensus for increase. However, the Empire State regional manufactuing index declined below the cons...
At the end of last week, Mortgage Backed Security (MBS) prices rallied to the best closing levels of the year on very light volume. The move appears to have been overdone, and MBS have begun this week by giving back Friday's gains. Construction Spending came in higher than expected and the bigges...

Jason E. Gordon

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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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