Contact
(209) 201-4184
[email protected]
NMLS # 189412
Loan Factory, Inc.
NMLS # 320841
Licensed in CA & OR
National Association of Realtors $418 Million Settlement If you’re realtor, a soon-to-be buyer, or seller, you might have heard about the $418 million settlement by the NAR. But do you know what how it happened and what this settlement…
Countdown until CalHFA Lottery Days Hours Minutes Seconds Steps to getting my Pre-Appoval Letter: Click Here (3/30/2024) California Dream For All Phase 2: Pre-Registration Opens on April 3rd (3/4/2024) https://www.youtube.com/watch?v=oyrweDaatws&ab_channel=MortgageHowswithSueThao Pre-registration for the 20% CA Dream-For-All Down Payment Assistance will…
What is Escrow? When buying a home, you’ll run into the word escrow. You’ll start to Google it and find out, WTH, what does this word really mean? Escrow is used in different settings and will have different meanings,…
Mortgage Interest Rates Interest based on the following criteria: Purchase, First-Time Homebuyer, Single Family Home, Minimum Down Payment, 760+ Credit Score, Owner-Occupied, Conforming Loan Conv: Income > 100% AMI 6.99%7.125%6.875%7%7%6.99%7.375%7.25%6.99%6.99%7.125%6.99%6.99%6.99%6.99%6.99%6.99%6.99%6.5%6.625%6.875%6.99%6.99%6.625%6.875%6.625% Conv: Income < 100% AMI 6.875%6.99%6.625%7%6.99%6.875%7.375%7.25%6.875%6.875%6.99%6.875%6.99%6.99%6.99%6.99%6.875%6.875%6.5%6.5%6.625%6.875%6.875%6.625%6.625%6.625% FHA 6.125%6.125%6.00%6.125%6.25%6.125%6.5%6.5%5.99%5.99%6.125%6.125%6.125%6.125%6.125%6.125%5.99%5.99%5.625%5.625%5.75%5.99%5.99%5.75%5.75%5.75% *VA 6.25%6.25%6.125%6.25%6.25%6.25%6.625%6.625%6.125%6.125%6.25%6.125%6.125%6.125%6.125%6.125%6.125%6.125%5.625%5.625%5.99%6.125%5.99%5.75%5.99%5.75%…
Mortgage Jargons 3-Day Rule: a lender is required by law to give the borrower the Closing Disclosure (Pre) 3 days before closing, so they have plenty of time to go over the terms of their loan. 1031 Exchange: A way…
Who Can Be Classified as a First-Time Home Buyer? Curious about whether you fit the criteria of a first-time home buyer? According to the U.S. Department of Housing and Urban Development (HUD), you fall into this category if any of…
Temporary Rate Buydown Here’s a short and easy way of understanding what a Temporary Rate Buydown is. Reason for a Temporary Rate Buydown: Rates are high. This is a small band-aid to fight with high rates and high monthly…
Conventional Loan vs VA Loan Minimum Down Payment Conventional Loans: 3% For example, if you are buying a home for $200,000, the minimum down payment would be $6,000. VA Loans: 0% For example, if you are buying a home for…
How to get an interest rate quote without having to answer 20+ questions Should be Fast & Easy It’s as easy as a simple text. These QR codes are also located on my home page. Scan the one correlated to…
Prequalifying for a Home Loan is easy. I get it. You’re not ready to send over any documents. I’m only going to sell you. At least get pre-qualified, so you have an understanding of what you may qualify for.…