Barry Braverman NMLS # 337281

04/15/2021

Mortgage Rates have dropped these past two weeks to levels almost near the record low rates of the first quarter of 2021. If you can pay “Discount Points” (additional cost over normal origination fees based on a percentage of the loan amount—1 Point being 1% of loan amount), you can easily get back to the mid 2% range for a fixed rate mortgage. You don’t have to pay in full percentage points either (you can pay a half, quarter, or eighth of a point to get to the rate you want depending on the market at the time you lock your rate in). For a Refinance, the additional cost can come out of the equity in your home (and ALL closing costs, including Discount Points, can come out of the loan—not your pocket!). Please call me at 428-LOAN (5626) for any other questions you may have! Thanks

11/01/2020

If you haven’t refinanced your home yet NOW is the time to do it! Rates have now dropped to new low levels and getting a 30 year fixed rate loan up to $765,600 in Santa Cruz, Santa Clara, and San Mateo County is now available in mid 2 percent rate range with Discount Points paid. It is impossible to quote exact rates without knowing your credit scores, Loan-To-Value, Debt-To-Income Ratio, or Cash-Out or “Rate and Term” (No Cash-Out). Please call me at (831)428-5626. (428-LOAN) for a quick and no cost/no obligation quote. We are local Mortgage Brokers approved to work with the BEST RATE Lenders available today (Quicken, Rocket Mortgage, Provident, Caliber, JMAC Lending, etc. ). Things could drastically change after the upcoming Election on November 3rd. Lock your low rate in TODAY! I have over 45 years mortgage lending experience and over $1 Billion California loans funded since 1975. Very few Licensed Mortgage Loan Originators (MLO’s) in California can match my qualifications. Call me today! Barry Jeff Braverman, MBA, President & C. E. O. New Equities Mortgage Corporation. Incorporated 1982. NMLS #362821 & #337281. CaDRE #00851199.

09/09/2020

It’s still a great time to refinance your home! Most of my current clients are getting loans on 30 years fixed rate mortgages less than 2.99%! Average client savings are between $300 and $500 per month for no cash-out refinancing with zero $$$ out of pocket costs. Call me at (831) 428-5626. That’s 428-LOAN! Email your current mortgage statement to :

[email protected].

I will give you,at no charge, three current rate Scenarios and show you how much money you would be saving every month.

Barry Jeff Braverman, M.B.A.
President & C. E. O.
New Equities, Inc.
NMLS: #362821 & #337281
CalDRE: 00851199
[email protected]
www.newequitiesmortgage.com

06/19/2020

If you haven’t refinanced your home in the past six months you may want to look into today’s low mortgage rates! We are at record low interest rates in the low 3 percent range or lower if you pay Discount Points (High 2 percent range) for a 30 Year Fixed Rate Mortgage. Loans for 15 Year Fixed Rate are even lower. Most of my recent refinances for my clients have reduced their monthly payment by $200 to $500 or more at no out of pocket costs to them! Most appraisals today are waived saving you $400-$600 and cutting off ten days or more from the processing time. My last two Refi’s took less than two weeks from application to closing. Please call or text me at (831) 428-5626 or email me at [email protected] or [email protected]. I can do a quick mortgage evaluation in ten minutes or less. We can lock in rates for 30 days or more at application. Please call me to see how much you can save! Thank you and stay healthy!

10/16/2019

If you are still “sitting on the fence” about a new refinance, hoping rates will drop even more, it’s time to get REAL!!! Rates already “bottomed out” in early September 2019, and will have a tumultuous roller coaster ride over the next few months. The bottom line I advise my clients is the cost benefits of a new refinance. If it: 1) saves you money every month that is worth the effort (i.e. more than $50) ; and 2) can pass a “Break-Even” before five years ; and 3) gives you cash back to payoff other debts or get something you really want (new car, Bucket-list Vacation, Payoff Student loans, etc.) ; and 4) can be done quickly (less than 30 days), it pays to Lock-In the rate and have your “Bird-in-the-Hand” instead of your “I shoulda/coulda/woulda” moments! Call me for a no cost mortgage review that can be done over the phone on online in just a few minutes. Thank you!

01/21/2019

RATES DROPPED FOR JANUARY 2019 COMPARED TO LAST MONTH!
Yes, the new year brought in some new lower mortgage interest rates for FIXED RATE loans! This is great news for BOTH home buyers and homeowners looking to refinance their current mortgage. If you currently have a HELOC (Home Equity Line of Credit) you have seen your monthly rate that is based on the Prime Rate go up after the Fed raised short term rates a couple of times last year. You may want to consider CONSOLIDATING your existing First Mortgage and HELOC into ONE LOAN. Most people will see a reduction in monthly payments AND will feel more comfortable locking in their Adjustable HELOC into a FIXED Rate that will NEVER increase! Call me (428-LOAN) for some quick quotes and comparisons. If you are in the market to purchase a home this Spring, you need to be PRE-APPROVED for a mortgage. Most Realtors will not work with Buyers who are not Pre-Approved. We at New Equities Mortgage Corporation can get you Pre-Approved with one of our Lenders in less than a week (in most cases). Our Lenders issue a Pre-Approval Certificate that your Realtor can Present with your Purchase Offer. Don’t lose out to other competing Buyers who have already been Pre-Approved! Call 428-LOAN today to get Pre-Approved. You will be working with one of the most experienced Mortgage Loan Officers in Northern California with over 44 years in the mortgage business and more than $1 Billion in closed loans.

01/26/2018

RATES BELOW 4.000% now becoming HISTORY! Yes, with the boost in the Stock Market and Record Low Unemployment Numbers it appears that the US Economic Recovery is in full swing! Since lower interest rates are no longer needed to boost the economy, interest rates have begun to rise. Most notably are the Fixed Rates for home mortgages. Say “Goodbye” to 30 year rates in the three percent range without paying a lot of Discount Points (one Point is One Percent of a loan amount and is a one time charge to reduce—to “Discount”—the lifetime interest rate of a mortgage). It is VERY EXPENSIVE to buy your interest rate down. Typically, to reduce a rate by only one eighth of a percent (say from 4.000% to 3.875%), the cost is about 0.500 Points (1/2%). For a $500,000 Loan that would be about $2,500! Sometimes the Discount is substantially MORE than 0.500 Point for an 1/8% reduction in lifetime interest rate. I have seen lenders charge over 0.750 Points for this reduction! That’s $3,750 for the example above. Expensive! So if you think it would be not too expensive to get back to the middle three percent range guess again! It could cost well over two to three Points or up to $15,000 for the $500,000 Loan example given above.

What can you do about this without incurring a huge cost?

Convert to a shorter Loan term than 30 years. The best example would be going for a 15 year Fixed Rate Mortgage. Today most 15 year Fixed Rate Mortgages are STILL in the middle 3 percent range. Not too late (YET!).

OR

Convert to a “Hybrid ARM”. This is an Adjustable Rate Mortgage with a Fixed Rate Period of 3, 5, 7, or 10 years.

If you anticipate NOT keeping the new mortgage longer than these periods, the Hybrid ARM is the much more prudent way to go. For example, let’s say you are moving to a new area for a job but don’t expect to live there more than five to seven years. You want to purchase a home and not be a Renter. A 7/1 Hybrid ARM can still be obtained (in most cases) for less than four percent. After the Fixed Period is over the mortgage converts to an Adjustment Rate Mortgage (“ARM”). If you stay in the mortgage it is not the end of the world in the ARM Phase. In fact, a lot of Hybrid ARM’s made seven or more years ago actually Went Down when they changed to the ARM Phase! Why? Because the general mortgage rates at the conversion date were much lower than the original fixed rate on these mortgages.

Still confused? Call me at 428-LOAN (831) 428-5626 and I can answer any questions you may have.

REMEMBER, I am the Owner of New Equities Mortgage Corporation and we don’t have any commissioned mortgage Loan Officers in California. This means I can charge my Loan Clients whatever I choose as long as it is profitable to my Corporation. Plus, we work with a number of mortgage lenders who offer the Most Competitive Mortgage Rates in the USA. This way I can easily beat other legitimate mortgage quotes. Give me a “Shot” at beating your Best Quote.

Thank you!

12/10/2017

WHAT ARE YOUR CREDIT SCORES?

You should be able to give an answer to that immediately. If you don't know or are not sure since the last time you checked was some time ago. If it has more than three months you could be surprised (either positively or negatively). Did you know that your credit scores are CONSTANTLY CHANGING? Yes. Every time you make a credit card or car or mortgage payment OR max out your credit card (not good!) YOUR CREDIT SCORE CHANGES! Sometimes only a few points up or down--sometimes more than a few points (and this could cost you dearly if you are in the middle of a mortgage refinancing or trying to buy a new car). Why? Because if you got an interest rate on your loan based on a particular score AND you were near the borderline between different rates, you could have just LOST that good interest rate! I see it all the time with some of my mortgage clients. For example, a score of 681 could drop only 2 points and cost you more in origination fees (.125 or more points!). If your mortgage was for $500,000 you just added $625.00 to your loan discount points! That's minor compared to a big drop in your credit scores. You could get your approval ( which was based on your previous credit score) reversed! No loan and if you were purchasing a home--no mortgage. I have seen rare cases in which buyers released all contingencies (including financing contingency) on a home purchase AND increased their earnest money deposit to the 3% maximum AND had to forfeit this deposit (at today's home prices that could be up to $30,000 or more!). Yes. Not knowing CAN HURT YOU!!!

So how do you avoid this? LONG STORY. If you are in a similar situation you can contact me for some advice. My website is: www.newequitiesmortgage.com

I don't charge for giving basic advice. I am just hoping you could become one of my "Clients For Life". Then You will ALWAYS have an experienced Mortgage Professional a phone call away. Thank you!

Fixed Rate Mortgages Are Our Specialty

12/02/2017

Fannie Mae and Freddy Mac have raised their Conforming Mortgage Loan Limits about 6.84% for 2018. The new limit for Conforming Loans is $453,100, an increase of $29,000 from current limit of $424,100. For “High Balance” Conforming Loans for areas with higher property values the new maximum limit for 2018 is $679,650. This is an increase of $43,500 over current maximum of $636,150. This High Balance Limit only applies to certain Counties in California. Among them are Santa Cruz County, Santa Clara County, and Alameda County. This means you can now purchase a home up to about $850,000 with a 20% down payment and NOT have to get a higher rate “Jumbo Loan”. Government loans through FHA and VA also are these new 2018 limits.

Mortgage rates jumped this past week almost 1/8%. If this trend continues we could be saying goodbye to lower 30 year mortgage rates below 4% (unless you pay “Discount Points”). If you are currently getting a new mortgage I would strongly recommend to Lock your rate in NOW! Call me at 831-428-5626 (428-LOAN) for current quotes. Or visit my website at www.newequitiesmortgage.com

Thank you!

Fixed Rate Mortgages Are Our Specialty

11/26/2017

Tomorrow is November 27, 2017. The Thanksgiving holidays are behind us. Christmas will be here in less than a month. A little more than 30 days left in the year 2017. Still enough time to get a new lower rate refinance on your home. Need a reason for doing this NOW rather than after the New Year starts? How about this—If you close before January 15, 2018, and you want to SKIP TWO MORTGAGE PAYMENTS—you can do this! As long as your old lender is paid off by the new lower rate mortgage before January 15, 2018, you WILL NOT NEED TO MAKE A MORTGAGE PAYMENT UNTIL MARCH 1, 2018!!! Yes. You have a two month break to do many financial things (pay off old debts, pay off holiday expenses, do some minor home improvements that cost the same as two mortgage payments, give you enough for a down payment on a new car—just don’t buy it UNTIL AFTER your new mortgage closes, the list is endless!). These are not “FREE” mortgage payments. You are just DEFERRING them for TWO MONTHS. How cool is that? Call me for a rate quote. I will meet or beat ANY other lender’s LEGITIMATE quote. How? By giving you a “customized discount”. I am the owner of New Equities Mortgage Corporation and can adjust the pricing any way I desire (as long as it will generate me a fair profit for the company). No Commissions to pay Loan Officers! You save and I still make a profit. Call me today for more details at 428-LOAN. This is the easy way to remember our phone number at (831) 428-5626. After personally closing over 5,000 mortgage loans (over $ 1 Billion!) over the past 42 years, I know what I am doing!!! Call today at 428-LOAN! Thank you!

11/14/2017

It’s time to do some year end mortgage planning before it will be too late to close in 2017. If you purchased your home before June 1, 2009, the loan is owned by Fannie Mae or FreddyMac and you have no 30 day late mortgage payments in the past 12 months, and your interest rate is above 4.250% on a 30 year fixed rate loan, you should contact me (831) 428-LOAN (5626). If you don’t think you can qualify at today’s stringent Underwriting Guidelines, you may be surprised. You just need to show ANY continuing income because Debt-To-Income guidelines are normally
NOT USED! I like to call it “ Relaxed Underwriting Guidelines “. Call for more information! Thanks!😎