Free VA Home Loan Guide

Veterans sacrifice so much. The VA Home Loan is a fantastic benefit that only Veterans get. Click here to download your Free VA Home Loan Guide

THANK YOU FOR YOUR SERVICE!

You may not have been aware that there are programs that don’t even require an appraisal or income verification. If you’re an active duty military personnel or a veteran you owe it to yourself to take advantage of the home loan benefits that are available to you. Download this free VA Home Loan Guide and learn it all today. If you have any questions feel free to call Chris Reese, the California Mortgage Hero at 916-502-1656. You can also ask your questions online by clicking here http://www.sacramentohomeloanspecialist.com/forms/askAnExpert.html

Free VA Home Loan Guide

30 Year Mortgage Rates...On The Rise?

Average 30-year mortgage rate rises to 3.93 percent! Been a long time since we’ve seen headlines like this.

Average 30 Year Mortgage Rates

Mortgage rates have been so low for so long that we’ve all been pretty spoiled. Rates rising is inevitable. They’ve been held down artifically by goverment and Fed interaction. Now finally the tone is set for some improvement in the economy and interest rates will have to rise, in fact they already are. Check out this article from the LA times website http://www.latimes.com/business/la-fi-mortgage-rates-20141212-story.html One thing is for certain, if you haven’t taken advantage of this low interest rate market yet, you really need to look into refinancing as soon as possible before these historically low rates are gone. Call Chris Reese, Certified Mortgage Planner for your free mortgage review and mortgage rate quote at 916-502-1656 or visit http://www.sacramentohomeloanspecialist.com/forms/askAnExpert.html

30 Year Mortgage Rates...On The Rise?

The Best and Most Beautiful Things in the World....Inspirational Quote

The best and most beautiful things in the world must be felt with the heart. If you’ve ever been in love or had children you definitely understand that. Please go out and see the world with your heart and allow yourself to truly feel. However, When it comes to big decisions such as those regarding mortgage and real estate, you have to do the opposite. You must make logical, sound decisions. Emotions will cost you. Don’t let yourself be overcome with emotion during a Mortgage Refinance or Home Purchase. Make sure you’re working with a solid mortgage planner and real estate agent that will advise and guide you to making a decision that is best for you and your family. Pick up the phone and call Chris Reese, California Mortgage Hero and Certified Mortgage Planning Specialist® in Roseville California 916-502-1656 or inquire on line at http://www.sacramentohomeloanspecialist.com/home.html

The Best and Most Beautiful Things in the World....Inspirational Quote

Zillow Kicking Butt and Taking Names! Q3 Released

Zillow is a household name at this point. So I guess it shouldn’t come at such a shock to see how well they did in the third quarter 2014. Zillow reported they increased revenue by 66% over Q3 2013! I would have to say that a major contribution to that is advertising by Real Estate Agents. With the improving real estate market comes increased funds available for advertising. Check out the Article here http://www.zillow.com/blog/q3-2014-earnings-163781/

If you have questions regarding mortgage or real estate pick up the phone and call Chris Reese, the California Mortgage Hero and Certified MOrtgage Planner at 916-502-1656 or visit http://www.sacramentohomeloanspecialist.com/forms/askAnExpert.html

Zillow Kicking Butt and Taking Names! Q3 Released

I"ll Take it! Check Out Bruce Willis"s New Home!

We can all dream can’t we? Check out Bruce Willis’s new home in New York.

This place is phenomenal and I’m truly envious. The river, the endless trees, the privacy, & I guess the house is pretty cool too. Here’s a link to Zillow’s blog post http://www.zillow.com/blog/bruce-willis-bedford-properties-163023/ where you can read all about the wonderful amenities and become as jealous as I am. I bet financing this property was tough! This is a super duper jumbo loan. Many lenders cannot even touch a loan of this size or anything anywhere near it. If you need help securing financing for a luxury home or any other type of real estate don’t hesitate to give Chris Reese, The California Mortgage Hero a call at 916-502-1656. You can also apply for a mortgage loan and/or get pre-approved to purchase a home at http://www.sacramentohomeloanspecialist.com/applyNow.html

 

I"ll Take it! Check Out Bruce Willis"s New Home!

Rates are Falling - Mortgage Tip

Rates are falling, Rates are Falling, and Rates are Falling!  Rates are falling guys but this could turn on a dime and rates could shoot up. There’s a lot going on right now which is driving rates or the cost of rates down. Take a look a the summary below:

What you have are 3 columns; A proposed Current Situation, a 30 Year Fixed Option, & a 5/1 ARM Option. The two options offer quite a bit of benefit to this hypothetical borrower. In addition to showing the difference in total payments, the refinance options also show the savings over time (5 years) and the freedom point of the new mortgage if the monthly savings were applied toward the principal balance each month. 

Let’s dissect the 30 year fixed option.  The proposed rate is fixed for 30 years at 3.75% with APR of 3.845%. The total payment including taxes and insurance drops by $170/month from $1,565 down to $1,395. That $170/month is $2,040 in savings per year. The closing costs and impound account came to about $4,816. Now let’s compute the cash on cash rate of return on spending this $4800 to save $2,046/year. The way to do that is to divide your annual savings, in this case the $2,046, by the cost of the investment (2,040/4,816 = .423) which equals 42%. WOW! Read that again, an ROR of 42%! Seriously? Yes! This is a concept known to Certified Mortgage Planners as a “Cash in Refinance”. While the borrower in this example is tying their closing costs into the loan amount, they are still costs that they incur so we can calculate a cash on cash rate of return. Can you imagine what your financial planner would do if you could earn an ROR of 42%?

Now let’s look at the 2nd example. Because its an adjustable rate mortgage we can’t predict what will happen after the five year fixed period so the freedom point makes an assumption that the payment will remain constant. This will not be the case but there’s no way to calculate a freedom point with a variable payment.  Having said that, individuals that take out adjustable rate mortgages as opposed to those that took out a fixed rate mortgage, all other things being equal, will pay less in interest over the life of the loan. This is due to not only the initial fixed period being at a lower rate than what is offered on fixed rate loans but also because when the rate does go adjustable, it can actually go lower than the note rate. This is because the payment during the adjustment period is based on a fixed margin, usually 2.25, and some index such as the 1 year LIBOR. The floor on the rate is typically the margin. So the 5/1 ARM option offers savings of $337 per month. If that savings were applied to the principal balance the client would save over $25,500 in just 5 years in interest taking into account the closing costs paid. The loan would be paid off in about 22 1/2 years (assuming a constant payment). 

Either option is a fantastic way to save money and put yourself in a better financial position. Whether you would choose a fixed rate mortgage or an adjustable rate mortgage largely depends on your adversity to risk. Regardless of whether a fixed loan or ARM is right for you, saving money is right for everyone. You owe it to yourself and your family to see if you can save money every month and over time. Pick up the phone and call Chris Reese, CMPS® at 916-502-1656 for your free mortgage review or home purchase pre-approval. You can also inquire online at http://www.sacramentohomeloanspecialist.com/forms/askAnExpert.html

Rates are Falling - Mortgage Tip

The Great Pleasure in Life....Inspirational Quote

“The great pleasure in life is doing what people say you cannot do.”

                                            – Walter Bagehot

www.CaliforniaMortgageHero.com

 

Chris Reese, The California Mortgage Hero and Certified Mortgage Planner from Roseville, California often gets things done that other lenders could not.  Call 916-502-1656 for all your mortgage and real estate needs. You can also inquire online at http://www.sacramentohomeloanspecialist.com/forms/askAnExpert.html

The Great Pleasure in Life....Inspirational Quote

How You Can Pay Off Your 30 Year Fixed Mortgage Early - Mortgage Tip

As a Certified Mortgage Planning Specialist I get asked this question all the time. “How can I pay off my 30 year fixed mortgage early?” Well there is a very easy and inexpensive way to do this!

The way to make this happen is to apply additional payments toward your principal balance each year. If you can make one add’l payment per year you will shave approximately 7 years off the life of your 30 year fixed rate mortgage and save a ton of interest as well. Easier sand than done right? Well here’s a way to make this a little less painful to your wallet. Take your monthly payment and divide it by 12. Whatever that result is, make sure you send in an add’l payment for that amount each and every month. If you make your payments with checks, you might even want to send 2 separate checks and write in the memo line, “Principal Payment Only” which will ensure that your mortgage servicer applies all of the add’l payments directly toward your principal balance.

Another way to accomplish this same exact thing is to make a payment every 2 weeks instead of once a month. Take your monthly payment and divide it by 2. Then when you pay it every 2 weeks, you’ll end up making 26, 1/2 payments throughout the year. This is the equivalent of 13 full payments, or 1 extra payment a year. Some lenders will actually fund the loan this way for you or you can request that they set up your servicing after the fact. Or you can just take the initiative and do it yourself.

Regardless of which route you choose, you can set these payments up to go out automatically. In many cases, you can even set it up w/your bank that a particular amount of your direct deposit automatically filters to a 2nd account which is set up for auto-pay to your mortgage servicer. This way its on automatic pilot and you don’t ever have to think about it. You know that because the 2nd account only is used to make the mortgage payment and it is automatically fed the necessary portion of your paychecks that your mortgage payments will always be made on time and most importantly, your 30 year fixed rate mortgage will be paid off about 7 years quicker. Now that makes some real financial sense. You can see a video on this very subject by clicking this link http://californiamortgagehero.com/?s=how+to+pay+off

You know what else makes financial sense? Working with a Certified Mortgage Planning Specialist and doing an annual mortgage review to ensure that you are in the best financial position possible. Even if you’re in the process of doing a refinance right now, it makes sense to call a Certified Mortgage Planner to take a 2nd look. Call Chris Reese, Certified Mortgage Planning Specialist today for your fast and free mortgage review, rate quote, and property value analysis at 916-502-1656 or visit http://www.sacramentohomeloanspecialist.com/forms/askAnExpert.html

How You Can Pay Off Your 30 Year Fixed Mortgage Early - Mortgage Tip

The Sky is Falling? No Just Rates :)

Rates Dropped Massively overnight!

Watch this video to see just how much!

The mortgage market is hopping with volatility but rates dropped massively this morning. 30 year mortgage rates are very attractive. You owe it to yourself to see just how much you can save each month. Call me today for your Free Mortgage Review & Mortgage Rate Quote at 916-502-1656. You can also apply on line at http://www.sacramentohomeloanspecialist.com/applyNow.html

The Sky is Falling? No Just Rates :)

30-Year Fixed Mortgage Rates Fall Below 4 Percent

The headlines make you want to pick up the phone and call your loan officer to get this super low rate offered. In this article on Zillow Blog titled 30 Year Fixed Mortgage Rates Fall Below 4 Percent is pretty compelling right? The fact is that this is an average of rates taken from what appears to lead us to believe that the actual rate is 3.96% down from an actual rate of 4.06% the previous week. There are 2 very big problems with this however that will leave you feeling confused.

Average 30 Year Mortgage Rates

 

First, those are averages taken from what appears to be “Quotes on Zillow Mortgages”. So it’s unclear; are these actual locked in applications or are these actually just advertiser quotes being averaged? Regardless of which it is, the data or statistics is are extremely biased. If they are actual Zillow Mortgage Applications, they are taken only from a website that has advertisers publishing the lowest rates available to mankind and even if they locked those rates in, there’s no way to know if the applicants actually will close those loans or if they were even approved or locked. While this would be the case for any and all advertised rates, the fact that these are exclusively quoted from Zillow, which exists by selling advertising, it’s not a good cross sample of rates being offered by lenders to everyone. Now if they are in deed just quotes being advertised to the public, even worse! You can almost rest assured that those rates are being quoted with assumptions about credit and loan to value that most clients don’t actually have. A 30 year fixed for example at 30% Loan To Value with an 835 FICO score is pretty unrealistic, but there is still a faint possibility so they can publish it.

The other problem w/these averages is that they don’t quote the cost or discount points associated with these interest rates.  They don’t even show the Annual Percentage Rate (APR) which shows that there is some cost being associated for that interest rate. I’m not a huge fan of the APR calculation as it allows various lenders to skew those numbers as well based on including or omitting certain costs from the calculation to make it appear lower. It can be quite confusing at times and if you were to have 5 different underwriters take the same file independently and disclose the APR, you’d probably find them to all have some variation. This isn’t on purpose, it’s because its a calculation that you have to manually determine what should be included. While APR calculations are required, I think a much better way to compare rates is to simply state what the points are for a particular rate. I rarely see an article or blog post that does that though. Read the Article for yourself at http://www.zillow.com/blog/mortgage-rates-below-4-percent-2-2-161520/ Are you curious now about what 30 year rate you might qualify for? Pick up the phone and call Chris Reese, the California Mortgage Hero & Certified Mortgage Planner at 916-502-1656 or inquire online at http://www.sacramentohomeloanspecialist.com/forms/rateTracker.html

30-Year Fixed Mortgage Rates Fall Below 4 Percent

Opportunity is Missed by most People Because.... - Inspirational Quote

There is not a single successful person in this world that didn’t work very hard to get where they are. Sure there are those that everyone points to that are the exception. People that are born into wealth. They seem to be very successful. The truth is that those born into wealth that don’t work hard don’t feel or look very successful. They have a shallow existence and are very unhappy. This is one of the reasons why they say, “money can’t buy happiness”.

The other side of that coin is best said by David Lee Roth, “Money can’t buy you happiness, but it can buy you a yacht big enough to pull up right alongside it.” Funny yes. True? Yes! But what it doesn’t say is how hard somebody had to work to do so. As much as rock stars party and participate in debauchery, they still have to work very hard. They practice endlessly, have endlessly long tours on the road, strained personal relationships, money problems like you wouldn’t believe, & they’re always under a microscope. The price of fame is astronomical and is very hard work…at least for those that last!

So Make it Happen! Strap on your overalls, pull up your boots, and work very very hard for what you want. Learn the Rock Star’s lesson though. Have a good balance in life or you will not have longevity with your success. Speaking of working hard. Nobody works harder for you than Chris Reese, the California Mortgage Hero and Certified Mortgage Planner in Roseville, California. Pick up the phone and call me today at 916-502-1656 for your free mortgage review, home purchase pre-approval, or even a property value analysis. Let the experts work hard for you to ensure that you’re in the best possible financial position regarding your mortgage and your home so that you can work hard achieving your goals and maintaining balance in your life. You can also inquire online at http://www.sacramentohomeloanspecialist.com/forms/askAnExpert.html

 

 

Opportunity is Missed by most People Because.... - Inspirational Quote

Our Aspirations are our Possibilities - Inspirational Quote

I think we all sometimes forget that we can achieve our aspirations not just dream about them. If you want to become something great or do something great you must take action. That is how an aspiration becomes an achievement.

Speaking of taking action, if you own a home and would like to save some money on your payments so that you can take action towards your dreams and aspirations don’t hesitate to pick up the phone and give me a call. Even if you’re already in process of doing a refinance I may very well be able to do better. Call Chris Reese, the California Mortgage Hero at 916-502-1656 for your fast and free mortgage review, mortgage rate quote, or property value analysis. You can also inquire online at http://www.sacramentohomeloanspecialist.com/forms/askAnExpert.html Let me help put you in a better financial position. Have a wonderful day!

 

Our Aspirations are our Possibilities - Inspirational Quote

Make it Happen! - Inspirational Quotes

When you really want something, you have to Make it Happen! Don’t just sit there and wait for it.

Do you have something you’re waiting for? Something you desire deep down inside? Then quit waiting and Make it Happen! Contact Chris Reese, California Mortgage Hero for all your mortgage and real estate needs at 916-502-1656. You can also request an appointment at http://www.sacramentohomeloanspecialist.com/forms/askAnExpert.html

Make it Happen! - Inspirational Quotes

Reverse Mortgages Can Solve Many Financial Problems for Seniors - Mortgage Tip

Reverse Mortgages can solve a lot of problems for Seniors but many Seniors don’t understand them or they’re afraid of them. I’m Chris Reese, The California Mortgage Hero & Certified Mortgage Planner in Roseville, California and I’m here to help you understand what a reverse mortgage is, explain some of the many problems that a reverse mortgage can solve, and to eliminate your fears. Have you yourself or somebody you have known ever dealt with any of the following issues?

1. Retirement accounts not enough to support retirement?


2. Retirement funds have not performed as expected?


3. Unable to live a comfortable lifestyle in retirement?


4. Want to be a Super Grandparent but can’t afford to spoil your grand-kids?


5. Can’t afford luxuries like eating out or traveling?


6. Find yourself overheating in the summer and freezing in the winter because it just costs too much to use the thermostat?


7. Working much longer than planned, possibly indefinitely because you just can’t afford to retire?

If you or anybody that you care about has had to face any of these or any other financial hardships don’t worry, I my very well be able to help you! A reverse mortgage is truly a life saver for many seniors. So many retirees are dealing with a lack of adequate retirement funds and those that are closing in on retirement age are coming to the reality that they won’t have enough to live on either.  Because so many people are in this position, the Reverse Mortgage can solve all the financial issues listed above and many many more.

A Reverse Mortgage is simply a mortgage against your property but you don’t have to make any payments. This is what’s called negative amortization or deferred payments. The amount you can borrow with a Reverse Mortgage is based upon the age of the youngest borrower and the value of the property. You have to be 62 years old or greater. The mortgage can be funded several different ways. Borrowers can take a fixed rate loan or an adjustable rate loan.

Borrowers can also receive the cash from the loan in several ways. They can take out a lump sum at close, take a payment for life known as tenure, and or have access to an equity line that grows each year for the borrower to access.  The thing that is really cool about seniors receiving cash from a reverse mortgage is that it is all 100% tax free! Here is a link to a recent video discussing some of the problems retirees face and how the reverse mortgage can solve them http://californiamortgagehero.com/reverse-mortgages-problems-solve-mortgage-tip/

There is a really cool example in the video that you can watch by clicking the link above but I’ll reiterate it here for you:

Two borrowers currently have a mortgage and the payments are $1,000/month. They do a reverse mortgage and they elect to receive a payment for life of $1,000 (this is the amount allotted based on age of the borrowers and value of the home). So they no longer make a payment of $1,000 plus they receive an add’l $1,000/month. That increases their cash flow by $2,000/month, or $24,000/year! What we call couldn’t do with an extra $2,000 a month right? Well for a senior citizen that can be life changing! What would you or your loved one’s do w/that kind of money? Would you qualify? Would it help you improve your life? Well stop wondering and pick up the phone and call me at 916-502-1656 or submit an inquiry online at http://www.sacramentohomeloanspecialist.com/forms/askAnExpert.html

 

 

 

Reverse Mortgages Can Solve Many Financial Problems for Seniors - Mortgage Tip

Reverse Mortgages FAQ"s

I get a lot of questions regarding Reverse Mortgages. As a Certified Mortgage Planning Specialist® I use various mortgage planning strategies to help my clients achieve their financial goals. Because of this unique, advisory role I take, I work with  financial planners, advisers, and CPA’s to help their clients achieve their financial goals. Much of what their clients are concerned about is retirement. What will their standard of living be like? How much money will they have to spend each month? Will they be able to afford a happy retirement?

In answering these questions and solving these problems a Reverse Mortgage is often an option that can work but people have many questions about this type of loan. I always take the time to candidly answer any and all questions but here is a link to HUD’s very well written Frequently Asked Questions list about reverse mortgages. You may find the answers to many of your questions there.

A reverse mortgage can be a real life saver but they aren’t for everyone. There is a jumbo loan option for reverse mortgage as well. If you don’t find your answers to your questions at the link above please don’t hesitate to give me a call at 916-502-1656 and I’d be more than happy to answer those questions for you. You can also submit an online inquiry at http://www.sacramentohomeloanspecialist.com/forms/askAnExpert.html and we’ll be get right back to you.

Reverse Mortgages FAQ"s

Reverse Mortgages & Problems They Solve - Mortgage Tip

What problems does a reverse mortgage solve and what are the benefits? Watch this video and find out!

Call today to find out if a Reverse Mortgage can be life changing for you or somebody you care about, 916-502-1656. You can also inquire online at http://www.sacramentohomeloanspecialist.com/forms/askAnExpert.html

Reverse Mortgages & Problems They Solve - Mortgage Tip

Keep The Faith - Inspirational Quote

Inspirational Quote from the California Mortgage Hero!


“Keep the Faith” is often assumed to be a religious and spiritual mantra. While it definitely can mean that I challenge you to think about this in a different way. Yes you can have faith in a higher power, an organized religion, or in spirituality at its most basic level.

You can also have faith in many other things and people. Many people have a blind faith that their particular sports team will be champs this year in light of reality, lack of talent on the team, and even expert’s opinions. You can have faith that you will succeed in your career. But my favorite type of faith is that which we have in each other. Having faith that your friends and family will come though for you…that your children will do the right thing….That those we care about will not let us fall…That the stranger on the street will drop everything to pull you from a burning car…It is faith in people…in each other and I believe that this type of faith that ultimately allows us to be happy.

So please, in all avenues of your life, Keep the Faith! If you have any questions regarding mortgage or real estate, have faith that Chris Reese, The California Mortgage Hero will take the time to candidly answer all yoru questions. Call 916-502-1656 or inquire online at http://www.sacramentohomeloanspecialist.com/forms/askAnExpert.html

Keep The Faith - Inspirational Quote

What Happened With Mortgage Rates This Week? Insider"s Report!

What’s the rate on a 30 year fixed these days? We all here that question in the industry quite often. But right now the mortgage backed securities market and in turn the mortgage rate market has been pretty volatile.

Every time we see a slight improvement in rates people are shouting from the skies that rates have improved again. Without the broader picture and some context however, this type of spouting off misleads the public into thinking rates are much lower than they actually are. For instance, we’ve seen rates decrease in cost by about 25 basis points only to give that back the following day and then some. This happens all the time and has been happening quite a bit lately.

Here’s the twist though. People only shout from the rooftops when rates improve. They ignore when they get worse.  When this happens a couple of times a week up and down and the talking heads and mortgage marketers tell you about rates improving several times a week at about 25 basis points or .25% in cost.  The public assumes that those improvements are cumulative.  You might think rates are a full point lower than where they were just a couple of weeks ago based on this type of misinformation. Read the full weekly rate insider for yourself.

The truth of the matter is that rates are higher than they were a week or so ago. You have much more to risk than to gain by not locking in a great rate today. I tell my clients not to be greedy. The bond market was at the top of the trading range today and I advised my clients to act accordingly. Some individuals have a much greater risk threshold and they like the idea of gambling for another 10, 15, 20 basis point improvement which is literally only $100, $150, or $200 per $100,000 loan amount in spite of risking loosing that same amount and much more. My philosophy is that this is your mortgage and your life. This isn’t simply risking your winnings on the craps table after you started w/just $50. This is not something to be taken lightly. If it were my personal loan and I were given the choice in this market I would go ahead and lock in and sleep easy. The choice is your, I just want you to be fully informed so that you can make a great decision. If you’re not getting this type of advice from your loan officer don’t hesitate to give me a call at 916-502-1656 and I’ll help you plan your locking strategy, provide a free Mortgage Review, mortgage rate quote, or pre-approval to purchase a home. You can also inquire online at http://www.sacramentohomeloanspecialist.com/forms/askAnExpert.html

What Happened With Mortgage Rates This Week? Insider"s Report!

Good Morning & Happy Friday!

I hope you rolled out of bed today with a thunder clap ready to take on the world.

Good Morning Placer County!

If you need help taking on the world or even something smaller like purchasing a home or refinancing your current mortgage don’t hesitate to pick up the phone and give me a call. Contact Chris Reese the California Mortgage Hero and Certified Mortgage Planner for a fast & free mortgage loan pre-approval to purchase a home or your complimentary mortgage review. Reach me at 916-502-1656 or inquire online at http://www.sacramentohomeloanspecialist.com/applyNow.html

Good Morning & Happy Friday!

Don"t Sweat the Small Stuff - Inspirational Quote

Life is way too short to concern yourself with trivial matters.

When I’m faced with the minutia that we all get bogged down with I ask myself, “Would I rather be right, or would I rather be happy?” Being the guy with all the answers all of the time can make you really feel like you always have to get to the bottom of the matter and have the true and correct answer, to be right. But most matters in life are simply “small stuff” and really don’t matter one way or another. But because we wear that hat in our professional lives it’s really tough to turn it off. But if you can master the art of “not sweating the small stuff”, you will truly be much happier! Speaking of being happy, contact the California Mortgage Hero today for a free mortgage review. Let’s make sure you’re in the best financial position possible so that you can relax and focus on things in your life that matter the most. You can call me at 916-502-1656 or you can inquire online at http://www.sacramentohomeloanspecialist.com/forms/refinanceAdvisor.html

 

Don"t Sweat the Small Stuff - Inspirational Quote