A Special Thank You to My Active Rain Friends "Rob, do you ever really get any business from all the time you spend writing?" We have all heard this type of question before, from colleagues, family and even detractors.  And we all have our unique way of answering it, I'm sure.  So I will say that even if I didn't "get any business" from writing, the value in the process and relationships has been well worth any kind of award or reward.   But for those who still must know the answer, I will let the 2016 Scotsman ranking for total dollar volume in production respond to them: It is with a deep sense of gratitude that I thank my online peers, friends and supporters who have helped me on this wonderful journey.  Thank you! Singing in the rain,   Robert J. SpinosaExecutive Loan AdvisorNMLS: 2... 04/19/2017

Your Mortgage on Steroids If you are self-employed and attempt to get a mortgage, you know it's tough to get a fair shake.  It seems like lenders never give the self employed the benefit of the doubt.  But what if you could have just ONE great year, instead of two, and then qualify for the loan you need? With baseball season upon us, I thought it would be fun to look back to the illustrious "steroid era" of the late 1990's and early 2000's to show us exactly how we can "juice" your application and take advantage of some of the totally legal programs that allow for just one year of tax returns in the qualification.  Why is this important?  Because in most cases, lenders will request at least two years of tax returns and then average a borrower's income across 24 months.  That exanded per... 04/06/2017

Imagine All the Savings In my life, I've originated a good number of 30-year fixed rate loans.  And to this day, "a 30" remains the most popular of all loans.  I would contend that it holds, and will continue to hold, this position not because most borrowers do a careful analysis of this mortgage's financial math and whether it aligns with their plans and needs, but because most homeowners simply do not want to contemplate any possibility of an adjustable rate mortgage at any time in their future. But "life is what happens while you're busy making plans for other things" and life happens while rates are rising.  And we're starting to see a shift among the buying public.  Gradually but consistently, the younger set is looking into hybrid ARM loans, like the 7/1 or 10/1 ARM, and realizing... 03/10/2017

Not Your Grandfather's Stated Income Loan Stated income.  No other phrase in the realm of home lending evokes as many good and bad memories, does it?  For some --- mostly loan originators who wore an ethical stripe of a different color --- the days of the liar loans are fondly remembered as "the boom years."  So too by their customers, suspecting or otherwise.  Though in that case the "boom" signaled the implosion of their financial houses, often along with the four walls they inhabited. But we're not going down that memory lane again today and we're definitely not talking about some no doc phoenix rising from the ashes here in 2017.  In fact, we are not going to talk about income qualifying and income documentation at all.  And while we're at that, we can also disregard employment cred... 02/17/2017

The Wisdom of the Mountains My wife and I recently went for a beautiful winter hike in Squaw Valley, CA, and I'm not quite sure if it was the quiet fresh snow, the freezing waterfalls in the canyon creek, or the granite cliffs framed by cerulean sky that brought to mind the many experiences I had in some of the world's high ranges years ago when I was an aspiring alpinist.  Though we come here at this time of year to relax, reflect and plan for the year ahead, I could not help but notice how the wisdom of the mountains translates so well into what I do now --- helping California home buyers and homeowners achieve their goals through mortgage financing.  In particular, there are three mountaineering maxims that strike me as being so relevant in today's exacting real estate environment: "... 12/28/2016

Most of us favor a high degree of predictability when it comes to things like the interest rates on mortgages. In that realm, “poised” is a bad word. When anything is poised, it means it’s about to do something different: change. For those who like predictability, change is unwelcome.But this week should provide both good and bad news when it comes to change and Marin mortgage rates. For once, a change in the immediate future is pretty nearly a sure thing. Although rates are poised, they’re poised for a comfortingly predictable change.What happens after that is a different story.Up until very recently, the mortgage interest rates offered to Marin home buyers has been an island of calm in a sea of…well, less calm, if the year’s turbulent election cycle is any example. Predictability has ... 12/12/2016

The idea of “fake news” and how to tell it from the real thing has gotten scads of attention lately, so Mill Valley web users are entitled to be more skeptical than usual of news items. Last week, there was one of those “come hither” headlines you run across on the web—but with a byline from The Washington Post, it looked like it would contain actual news.Sure enough, this one was for real: “How to Spot a Housing Rental Scam.” Housing rental scams aren’t totally unknown in California—so dispatches about how to spot any new kind of Mill Valley housing rental funny business figured to be worth checking into. It turns out that the article originated in the Washington Post for a good reason: it centered on a surge in housing rental rip-offs being attempted right now in the nation’s capital.... 12/12/2016

Some breakthrough good news has come to light. It deals with first-time home buyers.Across the U.S., first-time home buyers have been staging a disappearing act for a worrisome long time. The causes were pretty universal across much of the country: a sluggish economic recovery and tight labor market contributed to the national phenomenon. Rises in Corte Madera residential prices haven’t helped those seeking to become new homeowners locally.For Corte Madera homeowners who follow such things, the phenomenon was slowly becoming a worrisome fact—one that didn’t look like it was going away anytime soon. When you own a home, its value as collateral and at sale depends on a healthy real estate market—one that supports sustainable activity. That means that new buyers should appear in numbers at... 12/12/2016

Real estate articles that are really just lists are now being called “listicles”—and there are certainly plenty of them around. The other day one appeared that just had to be read: Bankrate’s “7 things that could turn off homebuyers.”The actual listicle may not have been the product of much real research into houses for sale, but it was amusing. In the best social media tradition, I’d like to add a few thoughts in order to come up with a modified/improved “7 things” (for starters, there are 9):9 Things Bound to Offend Nicasio Homebuyers       Monkeys.       All right, that first requires an explanation. It headed up the Bankrate list, with a picture of a rhesus macaque clinging to a balcony railing. I’d have to agree that monkeys freewheeling around a Nicasio house for sale might drive ... 12/08/2016

You don’t have to be beyond your 40s to begin plotting a direction for your retirement years. Most younger Mill Valley residents know this full well but (truth be told) do precious little about it. For most of us, we’re all so busy tending to career and daily living concerns that most of the time it seems like self-indulgent wool-gathering to go daydreaming about retirement plans. Besides—who has extra cash to be doing more than the bare minimum about financing retirement? It’s so far off in the future…That may be the 21st-century reality for most Mill Valley adults who aren’t close to retirement age, but in fact, some of the real estate decisions we make early on can set the stage for satisfaction in later years. That’s one of the takeaways from the brains at Age Wave, a think tank who... 12/08/2016

 If you listen to the Chairman of the Index Committee at Standard & Poors-Dow Jones, the nation’s housing market has reached an important milestone—one likely to be appreciated by real estate holders—Stinson Beach homeowners and investors included.The gentleman in the spotlight is David Blitzer, who is the head man when it comes to the S&P Case-Shiller Index, the most widely-respected measure of housing activity.Mr. Blitzer’s comments were aimed at the latest report, released last Tuesday. It covered three-month price averages for the quarter ending in September. They notched a 5.5% higher average residential price over the previous year.Now at this point, Stinson Beach real estate observers might wonder what is so newsworthy about yet another appreciation in residential real estate pri... 12/08/2016

How Bad Is It? As I type this blog post, it's raining outside, pouring actually.  And that's fitting because if you've been looking to get a mortgage since the presidential election, you've been facing your own personal deluge of sorts as well.  Interest rates are higher, no doubt about it, and the worst two week bond rout in the last 26 years has translated into approximately a half percent increase in rates to most programs. So how bad is it? There's a few ways to look at this, and the chart below shows that bond prices are approaching where they were exactly one year ago.  It's not as if we've returned to the Carter administration overnight, of course, and rates are still very favorable from a historical perspective.  In our chart here, note that the lower the lines go, the higher th... 11/19/2016

 If you were one of the brave Nicasio real estate investors who decided a few years back that the real estate meltdown was an awfully good buying opportunity, congratulations on being able to resist any naysayers. The fact that real estate has always lived up to its name (“real”) is easy to forget when prices have hit the basement—especially when the surrounding economic news is dire.Those were days when Nicasio fixer-upper opportunities were available for shockingly low asking prices—and before long, the shockingly low asking prices began to look normal and reasonable. “Bank owned homes” became a hugely popular search term as foreclosure numbers skyrocketed. It’s hard to recall the way it really felt, but any buying into that real estate market seemed like a swashbuckling act of raw co... 11/17/2016

 If you weren’t among those who were surprised by last week’s election outcome, you were among very few. Opinion leaders in every corner of the media are still scrambling to explain why their prognostications had been so wide of the mark. When your job is to help people understand the fine points of current events, it’s just plain embarrassing when you get the big picture 180 degrees wrong!For both Mill Valley homeowners who will be considering putting up a ‘For Sale’ sign within the next year or so—as well as for potential Mill Valley real estate buyers they will need to attract—any shift in the currents in Washington are very likely to affect the market conditions they’ll encounter. There are three areas that can have profound impacts on the strength or weakness of residential home sa... 11/17/2016

Diana Olick is a well-known industry writer. Anyone with an interest in Marin County real estate can usually find something of value when she comes up with a new entry in her CNBC column (the one with the pun-worthy title, “Realty Check”). This month she commented on the rising housing market across the nation and its repercussions in terms of homeowner equity.The piece points out that in the U.S., home equity has doubled over the last five years!It’s hardly news that home values have been steadily on the rise—that’s been a trend long seen in the asking prices in California and our Marin County listings. But the idea of homeowner equity actually doubling could be hard to believe.That’s a claim that sounds a like quite an exaggeration…until you stop to think about what is actually being ... 11/17/2016

The Leasing Team at Foundation Rentals and Relocation just LEASED another property in Mill Valley for $5,000.  Thanks to everyone for a great transaction.  For any questions about Mill Valley property management or buying or selling investment properties in Mill Valley, call Broker Christopher Barrow at (415) 637-8934! 08/25/2016

The Leasing Team at Foundation Rentals and Relocation just LEASED another property in Mill Valley for $6,300. Thanks to everyone for a great transaction.  For any questions about Mill Valley property management or buying or selling investment properties in Mill Valley, call Broker Christopher Barrow at (415) 637-8934!   07/21/2016

The Leasing Team at Foundation Rentals and Relocation just LEASED another property in Mill Valley for $3,000.  Thanks to everyone for a great transaction.  For any questions about Mill Valley property management or buying or selling investment properties in Mill Valley, call Broker Christopher Barrow at (415) 637-8934! 07/19/2016

The Leasing Team at Foundation Rentals and Relocation just LEASED another property in Mill Valley for $5,350.  Thanks to everyone for a great transaction.  For any questions about Mill Valley property management or buying or selling investment properties in Mill Valley, call Broker Christopher Barrow at (415) 637-8934!   07/19/2016

The Leasing Team at Foundation Rentals and Relocation just LEASED another property in Mill Valley for $5,995.  Thanks to everyone for a great transaction.  For any questions about Mill Valley property management or buying or selling investment properties in Mill Valley, call Broker Christopher Barrow at (415) 637-8934!   07/05/2016