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Mortgage and Lending - Guaranteed Rate, Marin County, CA - NMLS: 22343
Lock Watch for the Week of 6/25/2018 Volatility-O-Meter:There is enough economic data on the calendar to keep things interesting, but escalating trade war actions may be the driver (again...). Economicalendar (all times are Pacific):Mon, 6/25:       Chicago Fed National Activity Index (5:30am) an...
Ch, Ch, Ch, Changes to C, C, C, Condos At various times over the last 10 years, getting a mortgage on a condominium in California could have been quite the challenge for a homebuyer.  However, some changes that will go into effect at the end of June, 2018, will reflect Fannie Mae's (FNMA) increas...
Lock Watch for the Week of 6/11/2018 Volatility-O-Meter:This week could go nuclear, no pun intended.  The week will start with the world making sense of what happened at G7, then figure out what will happen with North Korea, then watch the Fed raise rates, all the while with a backdrop of shiftin...
VA Jumbo Mortgages in California I marked this year's Memorial Day with a weekend full of kids' activities --- my son's t-ball season wrapped up and then there were about a half-dozen birthday parties that followed. Fairly typical, I am told, for parents these days. But quick on the heels of the ...
Lock Watch for the Week of 6/4/2018 Volatility-O-Meter:Kind of a quiet week, if there is such a thing, but watch for a trade war hangover.  Economicalendar (all times are Pacific):Mon, 6/4:       Factory Orders (7am). Tues, 6/5:       ISM Non-Mfg Index and JOLTS (7am).   Weds, 6/6:     Productivi...
10% Down Jumbo Mortgage with No PMI With the Federal Reserve Open Market Committee poised in June of 2018 to increase in the rates that impact home equity lines of credit ("HELOCs"), home buyers who have traditionally used "piggyback" or "80-10-10" solutions to purchase a home with less than a 20...
Lock Watch for the Week of 5/28/2018 Volatility-O-Meter:Last week saw some reprieve from the persistent selling and this week's GDP and jobs numbers could either counter or build the trend. Today, however, a special thank you to all those who have served our country.  Economicalendar (all times a...
How Deep Is Your Credit History? "My credit is excellent! I have, like, a 950 score!"With such hyperbole (FICO scores range between 300 and 850) you'd almost expect this to be a quote from the president.  But in reality, we hear such statements frequently in the mortgage business.  And it makes p...
Lock Watch for the Week of 5/21/2018 Volatility-O-Meter:"The beatings will continue until morale improves." Economicalendar (all times are Pacific):Mon, 5/21:       Quiet. Tues, 5/22:       Richmond Fed Mfg Index (7am).  2-Yr Note Auction (10am). Weds, 5/23:     PMI Composite Flash (6:45am) and N...
Should You DIY Your DTI? Just like the Julian and Gregorian calendars separate time between B.C. and A.D., the passage of the Dodd-Frank Wall Street Financial Reform Act separates the way mortgages have been qualified.  Loosely, before Christ (and in my opinion, Barney and Chris did hold themselv...

Rob Spinosa

SVP of Mortgage Lending, Marin County
Can I Get a Jumbo Loan with 10% Down?
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