Jim Potts Branch Manager NMLS 227144 & 1907235

Jim Potts Branch Manager NMLS 227144 & 1907235 Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Jim Potts Branch Manager NMLS 227144 & 1907235, Mortgage brokers, 610 W. Ash Street, Suite 1505, San Diego, CA.

Where Does the Money for Your Mortgage Loan Really Come From?: If you're considering a mortgage loan, you might wonder w...
10/15/2024

Where Does the Money for Your Mortgage Loan Really Come From?: If you're considering a mortgage loan, you might wonder where the money actually comes from. It's not as simple as walking into your neighborhood bank and getting a loan directly from their vault, like it used to be decades ago.

The post Where Does the Money for Your Mortgage Loan Really Come From? appeared first on Jim Potts.

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What’s Ahead For Mortgage Rates This Week – October 14th, 2024: The CPI and PPI reports delivered their data, showing in...
10/14/2024

What’s Ahead For Mortgage Rates This Week – October 14th, 2024: The CPI and PPI reports delivered their data, showing inflation figures slightly below expectations. However, the positive impact of these reports was tempered by hawkish comments from Federal Reserve members during recent meetings. Despite this, the overall outlook remains optimistic, as further rate cuts are anticipated. Lending partners have also responded positively, significantly lowering their lending rates over the past month.

The post What’s Ahead For Mortgage Rates This Week – October 14th, 2024 appeared first on Jim Potts.

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Are You In A Position to Cosign on a Loan?: As home prices continue to rise, some buyers may struggle to qualify for a m...
10/11/2024

Are You In A Position to Cosign on a Loan?: As home prices continue to rise, some buyers may struggle to qualify for a mortgage on their own. In these cases, a mortgage cosigner can be a helpful solution

The post Are You In A Position to Cosign on a Loan? appeared first on Jim Potts.

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What Is A Home Loan Offset Account And How Does It Work?: Looking for ways to reduce the amount of interest you pay on y...
10/10/2024

What Is A Home Loan Offset Account And How Does It Work?: Looking for ways to reduce the amount of interest you pay on your mortgage and shorten its lifespan? A home loan offset account might be the solution.

The post What Is A Home Loan Offset Account And How Does It Work? appeared first on Jim Potts.

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Does Your Home Loan Have a Prepayment Penalty?: Buying a home is a huge milestone, and the excitement of closing can lea...
10/09/2024

Does Your Home Loan Have a Prepayment Penalty?: Buying a home is a huge milestone, and the excitement of closing can lead many buyers to quickly accept any mortgage offer without fully understanding its terms. One important detail to watch for is whether your mortgage includes a prepayment penalty.

The post Does Your Home Loan Have a Prepayment Penalty? appeared first on Jim Potts.

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Consolidate Credit Card Debt with a Cash-Out Refinance: If you're feeling overwhelmed by credit card debt, a cash-out re...
10/08/2024

Consolidate Credit Card Debt with a Cash-Out Refinance: If you're feeling overwhelmed by credit card debt, a cash-out refinance may be an effective way to manage it. This type of mortgage allows you to utilize your home's equity to pay off high-interest credit cards, consolidating them into a single, lower-interest mortgage payment.

The post Consolidate Credit Card Debt with a Cash-Out Refinance appeared first on Jim Potts.

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What’s Ahead For Mortgage Rates This Week – October 7th, 2024: Last week was a fairly light week, with the non-farm payr...
10/07/2024

What’s Ahead For Mortgage Rates This Week – October 7th, 2024: Last week was a fairly light week, with the non-farm payroll data being the most significant release. The data showed that payrolls are growing at a faster rate than historical trends suggest, which could indicate that inflation is still above the Federal Reserve's target. In contrast, the upcoming week has a busy schedule, with many important economic releases lined up back to back.

The post What’s Ahead For Mortgage Rates This Week – October 7th, 2024 appeared first on Jim Potts.

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How to Get a Mortgage Without a Credit Score: Getting a mortgage without a credit score may seem like a tough task, but ...
10/04/2024

How to Get a Mortgage Without a Credit Score: Getting a mortgage without a credit score may seem like a tough task, but it is possible. Many assume that a credit score is a must, but if you don't have one, you can still pursue your dream of homeownership. Here's how.

The post How to Get a Mortgage Without a Credit Score appeared first on Jim Potts.

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Do VA Entitlements Ever Expire?: The VA home loan program is one of the most valuable benefits offered to those who have...
10/03/2024

Do VA Entitlements Ever Expire?: The VA home loan program is one of the most valuable benefits offered to those who have served in the U.S. military, providing veterans and active-duty personnel with access to favorable mortgage terms. One common question is whether these VA entitlements ever expire.

The post Do VA Entitlements Ever Expire? appeared first on Jim Potts.

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Steps to Take Now to Build Your Credit for a Home Purchase Next Year: If you're thinking about buying a new home next ye...
10/02/2024

Steps to Take Now to Build Your Credit for a Home Purchase Next Year: If you're thinking about buying a new home next year, there's one important factor to consider before you start browsing listings--your credit score. A strong credit score can make a huge difference in the interest rates you will qualify for and can also determine your mortgage approval.

The post Steps to Take Now to Build Your Credit for a Home Purchase Next Year appeared first on Jim Potts.

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How Much Equity Can You Borrow Today?: Your home equity represents one of your most valuable assets. When it comes to bo...
10/01/2024

How Much Equity Can You Borrow Today?: Your home equity represents one of your most valuable assets. When it comes to borrowing against that equity, many homeowners question how much can they borrow. Understanding the amount of equity you can tap into today is essential, especially if you're considering a home equity loan or line of credit (HELOC) for major expenses like home improvements, debt consolidation, or other financial needs.

The post How Much Equity Can You Borrow Today? appeared first on Jim Potts.

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What’s Ahead For Mortgage Rates This Week – September 30th, 2024: With the release of the PCE Index data, we are seeing ...
09/30/2024

What’s Ahead For Mortgage Rates This Week – September 30th, 2024: With the release of the PCE Index data, we are seeing the trend hold as inflation continues to slow down. This gives the Federal Reserve room to continue its rate cuts in the future. Following the positive news for inflation data, the GDP has also seen a larger-than-expected growth of 3% this quarter. The only data running against the tide is the Consumer Confidence reports, which reported to show that consumers are at their most anxious since 2021. We should expect a greater impact on the lending and broader markets ahead of the elections.

The post What’s Ahead For Mortgage Rates This Week – September 30th, 2024 appeared first on Jim Potts.

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Address

610 W. Ash Street, Suite 1505
San Diego, CA
92101

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm
Saturday 10am - 2pm

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