Bay Area Mortgage Blog
Small, easy to read mortgage tidbits from a California lender take you from application to approval in 300 words or less.
ARCHIVED BLOG POSTS
2008
68
Comments
The biggest docmentation challenge facing mortgage applicants in this brave new world of EXTREME DOCUMENTATION is (choose one):A. Having enough assetsB. Having enough incomeC. Having enough downpayment or equity in propertyD. Having a mortgage broker smart enough to put together a puzzle with 100...
04/24/2008
Yesterday I turned in a new loan and 3 trees sacrificed their lives just for this event. Paperless? Yeah, RIGHT. In what life? Please do not let the organizers of Earth Day know that it takes as many trees to apply for your mortgage these days as it does to build the house you are buying.The othe...
04/22/2008
Our area of expensive real estate out here in Coastal California is famous for many things, but NOT for first time buyers. Long ago these buyers were chased away by high prices into the interior of California where vast stretches of open land meant builders could build cheap houses, and cheap gas...
04/19/2008
If you think of the current credit crisis as an earthquake, then the aftershocks could best be described as declining values in real estate. For those of you NOT in California, aftershocks are much smaller rumbles that shake the ground, sometimes for days, after an earthquake occurs. Why are aft...
04/16/2008
This weekend I let my "BRING ON THE BLAME" philosophy slip into a comment I placed on Neal Bloom's very funny featured post. My remark about always choosing to accept the blame seemed to strike a chord with the RainerNation. What do you think the 3 most important words in any real estate transact...
04/14/2008
For years, Californians thought it was pretty funny to lament about our zoom zoom real estate. With glass of wine in hand and proverbial balmy weather as a backdrop, friends would often whisper to each other: "We couldn't even afford to buy the house we live in".Then they would laugh.Well, no one...
04/12/2008
If you never take any advice dished out in this blog, please make an exception today. If you have an equityline, YOU NEED TO TAKE ACTION TO PROTECT YOURSELF from a liquidity crisis. You have the opportunity to out maneuver the bank and protect your financial health in these trying times. But yo...
04/10/2008
Early details are still flowing in, but we have received an E-mail from our WAMU rep confirming that Wamu has exited the wholesale mortgage business. Any submission of a loan not received by Wednesday of this week will not be eligible to close with Wamu.Done. Finished. Over.This ranks up there as...
04/07/2008
It would not be fair to say they were in it for the money. And yet, MONEY (or shall I say EASE of making money) was what drew so many in.It was, the gold rush that caused many young people to forsake college. Worse, to sacrifice those twenty-something years for a career that would be cruelly cut...
04/06/2008
Rainmaker
184,178
184,178
Janet Guilbault
San Francisco Bay Area Direct Mortgage Lender