Shamrock Funding

10/21/2022

(MLSListings) For Sale: 3 beds, 3 baths ∙ 2203 sq. ft. ∙ 436 Haydon St, HOLLISTER, CA 95023 ∙ $749,888 ∙ MLS # ML81906048 ∙ Just reduced to sell !!! Beautifully Remodeled 2202sf. ft home. Over $300k was invested ...

04/30/2020

Please don’t hesitate to call me for any refinancing or purchasing questions. My promise to you is that I won’t promise you anything I can’t guarantee or back up. Call me @ 831 801-3874

(Bloomberg) -- U.S. mortgage rates fell once again to the lowest on record.The average rate for a 30-year loan was 3.23%, down from 3.33% last week and the lowest in almost 50 years of data-keeping, Freddie Mac said in a statement Thursday. The previous record was 3.29%, reached in early March.The c...

04/22/2020

Rates are still ridiculously low, approximately 3.75% conventional and 3.25% FHA.

Questions about Forbearance, as in what does it mean? Call me and I will happily answer all your questions.

I”m local, honest and I promise not to feed you any BS.

Call me at 831 801-3874

04/01/2020

With rates at historic lows, now might be the time to move up to your dream home, or even downsize. With close to 20 yrs of experience as a mortgage broker here in Hollister, my reputation is all i got or want. I'm reliable, I'm local and most importantly (In my humble opinion), I'm straight up honest. Give me a call @ 831 801- 3874 for a chat and a cup of coffee.

03/22/2020

Homeowners facing financial hardship because of the coronavirus pandemic may be able to delay their mortgage payments for up to a year.

03/12/2020

Closing costs can be broken down into 5 categories:

Lender Fees
Third-Party Fees
Prepaid Fees
Closing Date Changes (interest accrual)
Escrow Account Pre-Funding (property taxes, insurance)

With respect to the five categories of closing costs, here are the important takeaways:

Lender fees encompass all items the lender utilizes in order to process, approve (or decline) and fund your mortgage loan. These include underwriting your application, recording your mortgage with the government, and any origination fees (see below for more detail on origination fees).

Third-party fees involve items related to actually processing your mortgage loan. Items like title insurance, mortgage insurance, flood certification, transfer taxes, and appraisals fall within third-party fees.

Pre-paid Fees relate to two items specifically that you must have pre-funded or prepaid prior to closing: (1) homeowners’ insurance, and (2) interest accrual on your mortgage loan.

Closing Date Changes: the interest accrual is complicated, so we wanted to break it out within the broader context of your closing date. When you close on your mortgage, you are required to pay the accrued interest from the date you close through the end of that month. The CFPB describes interest accrual as “charges due at closing for any daily interest that accrues on your loan between the date you close on your mortgage loan and the period covered by your first monthly mortgage payment.” See here for more information.

Escrow Fees are the dollar amounts generally required by lenders when starting your new escrow account. These accounts are setup to pay your quarterly property taxes, and your monthly homeowners insurance. Not all lenders require you to escrow property taxes with them, but the benefits of doing so may include a lower interest rate plus the added benefit of centralizing all your home-related expenses into one simple payment.

03/10/2020

Some Tips to Fix Your Credit

How to Fix Your Credit
Get Your Credit Report. ...
Check Your Credit Report for Errors. ...
Dispute Errors in Your Report. ...
Pay Late or Past Due Accounts. ...
Increase Your Credit Limits. ...
Pay off High-interest, New Credit Accounts First. ...
Open a New Credit Card. ...
Pay Balances on Time.

03/05/2020

Advantages of using a Mortgage Broker
1/They'll do the rate shopping for you: This is unquestionably the biggest advantage of hiring a mortgage broker. Too many homebuyers simply obtain one mortgage quote from a bank and accept it, even though you can apply for as many mortgage quotes as you'd like without adversely affecting your credit. Even a small difference in mortgage rates can save you thousands in interest over the life of a mortgage, so it's certainly worth it to shop around.
The problem with this, as anyone who has been through the process can tell you, is that mortgage applications can be long. Applying for five different mortgage pre-approvals can easily take the better part of an afternoon to do. With a mortgage broker, all of this legwork is done for you.

2/More accessible than bank loan officers: Just like your real estate agent, the mortgage broker works for you and doesn't get paid unless you close your loan. For this reason, mortgage brokers tend to be more accessible to buyers than bank employees. So, when you have questions along the way, it's generally easier to get the answers you're looking for from a broker.

3/Some lenders work exclusively with brokers: I mentioned already that some of the big banks don't work with brokers anymore. Conversely, there are some mortgage lenders that only work with brokers. So, your mortgage broker could have access to loan products that you don't.

4/Could get lenders to waive some fees: Mortgage brokers can often get lenders to waive some of their fees, such as application, appraisal, and origination fees.

03/05/2020

The broker's job is to work on your behalf with several banks to find mortgage lenders with competitive interest rates that best fit your needs. ... Mortgage brokers are licensed financial professionals. They gather documents, pull your credit history, verify income and apply for loans on your behalf. We are also twice as fast as the regular bank.