John Lemos's (jplemos) Blog

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Mortgage and Lending - Movement Mortgage NMLS# 39179 - NMLS# 613321
RECENT BLOG POSTS
FHA Slashes Condo Approval Requirements by 15% It may be time to take a second look at condo projects that were previously off-limits for FHA loan approval.  Up until now, at least 50% of the units in an existing condo project needed to be owner-occupied in order to qualify for a loan insured by ...
12/19/2016
The limit on "conforming" loans will rise in 2017 for the first time since 2006.  This is good news for homebuyers and homeowners who have higher loan balances.  A "conforming" loan is a mortgage that conforms to Fannie Mae and Freddie Mac guidelines.  Conforming loans typically carry lower inter...
12/16/2016
As 2016 draws to a close, here are three questions you and your family may want to consider as you think about your personal finances:1 – What’s our gifting strategy?If you are thinking of gifting someone a large amount of money (more than $14,000), you may want to consider gifting them part of t...
12/16/2016
 We are in the midst of a global bond market sell-off that has erased over $1 trillion of value from bonds all across the world, including US mortgage bonds.  When mortgage bond prices decline, mortgage rates go up… and mortgage bond prices have fallen off a cliff recently (see chart).  Here are ...
11/16/2016
A Special Report on US Interest Rates Long term interest rates: mortgages and auto loans When you take out a home mortgage or auto loan, the lender normally sells your loan into the bond market (see illustration below).  This allows lenders to continuously replenish their available funds and loan...
11/04/2016
House prices are determined by housing supply, housing demand and housing affordability.Housing Supply: What's the Outlook?Housing supply measures how many months it would take to sell all the houses currently listed for sale, at the current pace of home sales. For example, if there are 600 homes...
10/14/2016
Step #1: Let’s understand and measure it.When we think about the US national debt, it’s useful to break down the numbers in terms that we can understand.  Many economists use this analogy: imagine if your household earns $185,000 in annual income, you had no other debts, and you asked a lender if...
10/07/2016
Student loan balances have doubled since 2007 to well over $1 trillion. Meanwhile, millennials are taking much longer than previous generations to buy their first home.  A recent study examined whether student loan debt is preventing young adults from purchasing homes*. Surprisingly, the study co...
09/19/2016
THREE THINGS YOU SHOULD KNOW ABOUT “TRENDED CREDIT DATA”1 – What is it? “Trended credit data” is an analytical tool that helps lenders better evaluate your spending habits.  It’s a detailed analysis of the last 24 months of your credit history, including: Month-by-month balances on your credit ca...
09/15/2016
It's important to ask these three questions when you invest in real estate:  How can I increase my rate of return?  The cornerstone of any smart investment strategy is to calculate your rate of return.  With real estate this is done by running the numbers using an internal rate of return (IRR) fo...
09/09/2016
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JohnLemos

Mortgage Loan Officer, NMLS 613321
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