The longest running real estate talk show, now into its 20th year, is booking very interesting and timely guests in the weeks and months to come. Coming May 1st, Roy Johnston, attorney, speaking on the new form of real estate ownership which has a very simple, perhaps too simple, Deed. He’ll speak on this plus OTHER issues of taking title to real estate, probate process and other trust issues. Continue reading Upcoming Guests soon to the Real Estate Hour.
Mortgage Rates for March 11, 2016
|FIXED AND ARM CONVENTIONAL PROGRAMS||RATE APR|
|30 Year Fixed Conventional||3.875% 4.040%|
|15 Year Fixed Conventional||3.125% 3.265%|
|5/1 LIBOR ARM Conventional||3.875% 3.963%|
|7/1 LIBOR ARM Conventional||3.750% 3.803%|
|JUMBO PROGRAMS ($417k +)||RATE APR|
|30 Year Fixed||3.750% 3.967%|
|15 Year Fixed||3.500% 3.259%|
|5/1 LIBOR ARM||2.875% 2.972%|
|7/1 LIBOR ARM||3.250% 3.411%|
|FHA/VA FIXED PROGRAMS||RATE APR|
|30 Year FHA/VA||3.500% 4.647%|
|15 Year FHA/VA||3.500% 4.910%|
Did you miss it??…here’s the podcast;
Real Estate Hour favorite, Otto Kobler of Summit Funding will explain a new more -flexible (?) Fannie Mae loan. Plus; What’s up with interest rates, Jumbo financing, Bridge loans, and more.
NMLS ID#: 225957
CA BRE ID#: 00981742
1400 N. Dutton Avenue Suite 5
Santa Rosa, CA 95401
Office: (707) 522-6300 (Ext: 311)
Fax: (707) 522-6303
– See more at: http://www.summitfunding.net/okobler#sthash.c3kBjNOr.dpuf
Think you know ALL about reverse mortgages? You might be in for a few surprises. Jill Grom , Reverse Mortgage Specialist with Alliance Reverse Mortgage, joins us on this Sunday’s show to talk about the many things you may not know about Reverse Mortgage.
Tune in every Sunday from 9-10AM pst for The Real Estate Hour on KSRO 1350AM, 103.5FM and streaming live at www.KSRO.com
Jill Gromm | VP, Reverse Mortgage Specialist 707-535-2926 – Cell 707-235-2269 www.allreverse.com (Formerly California Reverse Mortgage Consultants)
A TRUSTED CREDIT UNION PARTNER
3033 Cleveland Avenue Suite 150 | Santa Rosa CA 95403 | CA BRE 01326979 | NMLS 246723
MEMBER OF NATIONAL REVERSE MORTGAGE LENDERS ASSOCIATION
Jill Gromm is an experienced mortgage professional providing mortgage loans for over 14 years and has spent the last 9 years specializing in Reverse Mortgages. She works for Alliance Reverse Mortgage which is located in the Redwood Credit Union’s corporate office on Cleveland Blvd.
Jill’s mission is to educate the senior homeowner and provide safety, security and peace of mind on every loan. She is a trusted advisor that not only works with each client through the loan process but also keeps in touch with all of her clients after the loan closes to answer any questions during the servicing of the loan.
Jill’s keys to success is to listen to her clients needs and educate them on all mortgage options to see what is in the clients’ best interest. She gives every client personal and professional service including in-home consultations. Continue reading This is not your Grandparent’s Reversed Mortgage. Today’s Reverse Mortgage Explained
Real Estate Hour favorite, Otto Kobler, of Summit Funding will be joining us this Sunday.
In this hot and heavy real estate market, cash buyers often beat out financed buyers in a multiple offer situation.
Learn Otto’s strategy that helps buyers with financing rise above the cash offers and present a winning offer.
Plus; There are big changes coming to the lending process, and looming interest rate hikes. Otto will fill us in on all of this and more.
Join Mike Kelly and Allison Norman for new and information about Real Estate in Sonoma County, Ca, and around the country, every Sunday on The Real Estate Hour 9-10AM, 1350AM, 103.5FM and streaming live at www.KSRO.com
If you are a serious “fence-sitter” remember the longer you wait the LOWER your “purchasing power”. The chart below shows just how much you will lose. Rates today are at or near the 3.75% and as you can see a $400,000 Loan is at $1,852. Most economists agree that the rates will rise this year and into the next with 4.75% NOT an unrealistic number. Look at how much “purchasing power” you lose. Now factor in the market appreciating say at 5% for this year and you lose big time. ACT NOW! We have the answers on HOW to buy, get through the mortgage maze and leap the hurdle of homeownership.
“The new mortgage disclosure forms coming in August will help consumers comparison shop for mortgages and avoid surprises at the closing table. We are releasing this toolkit well in advance of the effective date to help the mortgage industry come into compliance with the new rules,” said CFPB Director Richard Cordray.
The toolkit, which can be found here, provides a step-by-step guide to help consumers understand the nature and costs of real estate settlement services, define what affordable means to them and find their best mortgage.
It also features interactive worksheets and checklists, conversation starters for discussions between consumers and lenders, and research tips to help consumers seek out and find important information.
Tune in to The Real Estate Hour, Sunday mornings from 9-10AM 1350AM, 103.5FM and streaming live at www.KSRO.com for more information on this new “Know Before You Owe” mortgage rule in the months leading up to it’s implementation in August 2015.
You may have heard the term “Hard Money” and wondered what this means? Perhaps you’ve even heard the terms, “Soft Money”? Tomorrow on the show we will have as our guest Todd Wilson of ARC Capital, a firm which specializes in just such a lending product. Different than “conforming money” or regular loans which you would get from a bank such as Wells Fargo or BofA, “Hard Money” has less in the way of stringent guidelines. The “Hard Money” lender is more concerned about an initial equity stake in the property and require MORE of a down payment to secure their loans. Todd will fill us in as to WHY this might be a good way to enter the investment or flip marketplace or just as an alternative to a tough guideline regular loan.
Todd Wilson-ARC Capital (707) 523-2900
100 Stony Pont Road, Suite 260–Santa Rosa, CA 95401
CA Dept of Real Estate – Real Estate Broker License #01232889
CA Dept of Real Estate – Salesperson License #01322338
NMLS #375764 and 309743
We are pleased to have show favorite, “That Lender Guy”, Peter Phillippe of Princeton Capital. Pete will be discussing the latest and BEST Interest rates, VA/FHA, lending requirements plus YOUR CALLS! Join us for what will surely be a “don’t miss” hour. Pete can be reached at: 707-481-2737 Cell 1-888-305-2473 eFax or firstname.lastname@example.org