Loans Reduced

08/23/2024

CLOSED! 2.601M - 8/22/2024 - Danville, CA

Congratulations to the Taylor family for purchasing this stunning home in Danville, near San Francisco CA. This is the second transaction that I've done for this family in roughly 4 years. We were originally able to get them into a home here in San Diego with a VERY low interest rate (those days are gone) with the help of Joe Vahedi. Over the years they've decided that being closer to family is more important than that low rate.

First, we looked into Bridge home loan options but found that they were just a bit too expensive. We switched gears and found a product that could better suit there needs, cost a significant amount less and allow more time to sell their current home here in San Diego. Reasons like these are important to work with a seasoned, veteran loan officer.

If you know anyone looking to purchase or refinance a home (anywhere in the nation), please mention either myself or Lucas/Team Sandstrom.

03/08/2024

CalHFA Dream looks to have updated their "First Generation Homebuyer" requirement to be the following:
Only applicable with our California Dream For All Shared Appreciation Loan Program
To qualify for the Shared Appreciation Loan, at least one borrower must meet the definition of a first-generation homebuyer:

A first-generation homebuyer is defined as a homebuyer who has not been on title, held an ownership interest or have been named on a mortgage to a home (on permanent foundation and owned land) in the United States in the last 7 years, AND;

To the best of the homebuyer’s knowledge whose parents (biological or adoptive) do not have any present ownership interest in a home in the United States or if deceased whose parents did not have any ownership interest at the time of death in a home in the United States, OR;

An individual who has at any time been placed in foster care or institutional care (type of out of home residential care for large groups of children by non-related caregivers).

***Prior to this update CalHFA had informed me that parents must have not owned a home in the previous 7 years (if they are still alive), now it looks like they've changed that requirement to where as long as they don't own a home currently, you're good!

If this changes your interest or qualification in the Dream program, please let me know ASAP as the registration process opens 4/4.

02/28/2024

What can we say, we love Realtors!

02/28/2024

One of our clients just won a FREE CAR🏎...well, actually 50K in INSTANT equity!💥

It all started with Pokémon...when I was younger my father owned a Saddlery shop 🐴 and there was a comic store next door. I would always sneak out and save up my quarters to buy packs of cards. This led into my adulthood and I've made some wonderful friends that enjoy the hobby as well, including Alban Hasani.

Alban overheard one of his colleagues Miguel talking about possibly buying a home 🏘. He told him about me for financing, and then I referred him to an agent I thought would be best suited for the job Joe Vahedi. As well, Miguel and his family spoke Spanish so I enlisted my partner Lucas McGrew Bayón to help with the transaction.

Miguel now being pre-approved started shopping for homes and found a beautiful one about 80 minutes away from central San Diego in an area called Boulevard, CA. Joe got to work, 📞talked to the listing agent and got a feel of what they were looking for...made an offer that was accepted shortly after.

The house needed a little TLC and Joe put in a HUGE repair request. Every, single, item on that repair list was addressed and fixed. INCLUDING adding a brand spanking new well 💦 on the property and water treatment.

The appraisal was next...we sent out our appraiser and had expectations of it coming in at the purchase price but my jaw dropped when I saw Miguel's home appraise 50K OVER 🤯 the asking price. This just doesn't happen and when it does it seems to be a common factor, the team that you choose to represent you.

🥰I couldn't be thankful for ALL of you that remember me when you hear about someone looking to buy or refinance. Alban Hasani we're going for another ride in the GT-R and there might just be some Pokémon goodies in the trunk. 🥰

Check out a few of the pictures, this house sits on some massive acreage!

02/25/2019

Some great knowledge on California's most popular Down Payment Assistance Program.

Having a hard time finding where to come up with a down payment or to cover closing costs? Want a lower interest rate than market rates being offered by lend...

01/09/2015

Current Mortgage Rates at New Lows for the New Year! Don't miss out on refinancing or if you've though about purchasing a new home, now would be the time to start considering home ownership.

The U.S. government sponsored mortgage lender, Freddie Mac issued the results of its Primary Mortgage Market Survey® (PMMS®) this morning detailing that the

12/15/2014

Reverse Mortgage (HECM) Changes Coming in March, 2015!

If you are 62 years or older and have been considering a reverse mortgage, it may be vital to understand the upcoming changes to the program. Reverse mortgages currently have limited documentation requirements and are even available for borrowers that may have obligations higher than their current m…

12/03/2014

Why is it important to get Pre-Approved before buying a new home?

If you've been taking a look at open houses and getting ready to take the step into home ownership you may have encountered a few circumstances when a Realtor asks you “Have you been pre-approved for

09/09/2014

Newsflash! Fannie Mae Bankruptcy And Foreclosure On Same Mortgage

05/22/2014

Is there another housing bubble on the way?

http://www.loansafe.org/new-housing-bubble-on-the-way

What goes up, must come down. It is a natural law of life and real estate is not immune to this law. The last 7 years of property turbulence is a testament to

05/20/2014

The mortgage crisis isn't over yet!

The alleged good mortgage news is out. The delinquency rate on home loans in the U.S is currently at the lowest level in the last 7 years and it has