Your Mortgage and Retirement – What Are Your Options?

Payoff or Borrow More? The answer used to be obvious    Since there have been mortgages, retired Americans have loved to pay it off. They have even celebrated by doing things like burning the mortgage documents. Today you are likely to live 25 years after retirement, and the equity in your home may your single largest asset.  …

Predicting Future Mortgage Interest Rates – A Fools Errand

    Countless articles have headlined the almost certain increase in home mortgage interest rates that would follow the increase in the Fed Funds Rate. The increase has come from the Fed, but mortgage interest rates have actually fallen. How can that be, and what does it portend for the future. Very generally speaking, a…

Los Angeles Real Estate – Rent Or Buy?

With Los Angeles Mortgage Rates Still at 4%, and Home Prices Still Increasing, Buying Is Still Better 2013 So I took a typical Westside home worth $650,000 in 2013 and we’ve been following this house for two years.  According to Zillow.com the rental value of that home was $3150 a month in 2013.  The estimated…

Major Banks Making Jumbo Mortgages Easier to Get

In Los Angeles County, a jumbo mortgage is any loan above $625,000. While conforming mortgages, or those under $625,000 in LA County are commonly easier to get and at lower interest rates than jumbo loans, that is not the case in the Summer of 2015. In fact, major US banks have just announced that they…

Paying Down Your Mortgage Interest Rate to Save on Your Monthly Payment

Here is a little known strategy for saving money on mortgage interest.   You can give the mortgage lender some extra money when you negotiate the loan terms, and they will lower the amount of interest you may, and thereby also lower your monthly payment. In most cases the trade is about one point or…

4 Top Reasons To Use Guaranteed Rate To Get Your Home Loan

    Bill Rayman gives you a few of the many compelling reasons to choose him (and Guaranteed Rate) as your mortgage broker. Reason 1: Guaranteed Rate is a correspondent lender. They do everything from start to finish in house. This gives Bill (and you) the greatest degree of control over the process, as well…