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April 12, 2017

Volatility Is Down A well?


As president of So EZ Mortgage, Michael James Hansen, anticipated, president of the United States of America, Trump, has indicated that he likes low interest rates. Treasury yields have tumbled as a result leading to better pricing. 

" I anticipate rates will plunge even further as we enter this year's buying season. The lower the rate, the more people can afford, the more people can afford, the higher home values are. There is one thing that can never lose its value, home." 

-- Michael Hansen
Image result for automation vs manual Trump and I agree on one thing, lower mortgage rates causing higher home values. Stocks on the other hand are going to be tied to automation, pull your money out of companies that want to create jobs and put your money into companies that want to automate jobs. 


April 8, 2017

HECM - Reverse Mortgage 2017 - Home Equity Conversion Mortgage

Do you remember when the last player repeated the message - it was completely different than the original message!!

The first reverse mortgage loan was closed in 1989. Since that time there has been a lot of "campfire" activity with regard to myths and erroneous information that has circulated with this product. Click here to learn about HECM especially if you are about to turn 62 years of age or already did. 



So EZ Mortgage, now offers No COST HECM Mortgage. We provide a credit that covers all the closing cost including the up front mortgage insurance. 

April 7, 2017

We Pride Ourselves On Having The Highest Satisfaction Rating Achievable

The best customer service is if the customer doesn't need to call you, doesn't need to talk to you. It just works.


April 6, 2017

LOWEST BPMI Rates In The Industry -- (Borrower Paid Mortgage Insurance)


Are you a California Realtor looking for ways to decrease your clients DTI so they can qualify to buy their dream home or to help get the cash-out they need to pay off debt? Increase your buyers purchasing power today! Contact me to get a quote on our industry leading BPMI rates.

Scenario:

660 FICO 90% LTV Purchase SFR Loan Amount 440k

So EZ Mortgage BPMI is .73% or $268 per month.
VS
So Lame Mortgage BPMI is 1.0% or $366 per month
=
J $98 per month in savings or $20,000 in more purchasing power for the same monthly payment. 

April 5, 2017

What Banks Don't Want You To Know - Re Written


The vast majority of all loans being issued by BofA, Wells Fargo, So EZ Mortgage, US Bank, Quicken Loans, and all the other lenders you can think of, weather it be broker, corespondent, bank, or direct lender, comes from Fannie Mae Ginnie Mae & Freddie Mac.

This was done in order to standardize lending across the USA so that homeowners can get the same disclosures and the same rates from anyone they speak to. However the BIG SECRET, is that Fannie Mae Ginnie Mae & Freddie Mac pay a premium to all lenders, including BofA. The way it works is Fannie Mae buys the loan before or sometimes shortly after your loan funds. The lender gets the credit based on the margin they keep, not the rate, they can sell you a high rate and make less than if they sold you a lower rate.

The lender needs to decide how much does it cost to originate loans and still make the desired profit margin. The amount of credit they keep before applying some if any to your closing cost depends on how expensive it is for them to be in business. The more advertising, overhead, office space, 100k sports cars, boats, million dollar homes on the beach, Class A motorhomes, office staff, the more expensive it is! To the contrary, the more referrals they get, the less expensive it is. A company that can make their business by referral does not advertise because it's so easy to work with referred clients. Referrals normally already know what it takes to get a loan and were referred by someone else who has a similar profile. The more A paper loans I do, the more A paper referrals I get. The more referrals, the less work, the less work, the less I need to charge.

Eventually some point in between 2000-2008 the cost to lend was becoming so cheap that rates started to fall and someone from the united states called someone in London and told them, rates are too low, we need them to be higher. That phone call landed one man in prison for life and a bunch of homeowners paying higher interest than they should. Luckily the perpetrator is now out of the way and regulations have been implemented along with the government takeover of Fannie and Freddie. Working professionals with integrity can operate in an honorable environment. The cost to lend on US real estate is getting cheaper and cheaper. This could result in stable low rates forever until eventually, there is little to no cost to borrow money.

The stable rates will lead to economic optimism and consumer confidence. Investors will be able to leverage large amounts of money with less risk, confident that rates will remain low. That will create jobs and the trend is up on everything except rates. High rates means the economy is moving too fast, low rates means we are were we want to be. In my opinion, for California and NY only, I think 1.99% on a 30 year fixed will be obtainable in the near future. 

There is, call Michael Hansen with So EZ Mortgage
Directly at 714-253-7868
The reason you need to be diligent and follow our post is there are so many ways to structure a loan these days, many loan officers do not have a clue. They do not care about your home equity as much as you do. Educate yourself, be prepared and don't be afraid to ask your loan officer questions. It's a good way to build a trusting relationship.



April 4, 2017

The Window of Opportunity Is Open


So EZ Mortgage

Today's RatesRefinanceBuy a HomeCalculatorsAbout Us
The Window of Opportunity Is Open
We've got big news! Today, rates are near the lowest levels since the election. If you're purchasing or refinancing with So EZ, today would be a really great day to lock in that low rate

Call Michael Hansen directly, 714.253.7868, now to lock in your low rate!
See Today's Rates
Lock In Your Low Rate Online
Chat online or call a Home Loan Expert today at (855) 955-SOEZ (7639) .