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Thursday, October 31, 2013
Monday, October 28, 2013
Friday, October 25, 2013
Tuesday, October 22, 2013
The government shut down is over ? ?Who Hoo?. The latest figures are that $600 Million was lost in production and performance for the entire time the government was closed. I don?t know about you, but it makes me sick to my stomach to think that the citizens of the U.S. pay taxes to a government with little or no accountability to provide services that commensurate with what we pay. Then, just in case you didn't hear, the Obamacare website isn't working properly and it cost more than $400 Million to be created. Expert coders have reviewed the work on the site and unanimously have stated that the programming is ?severely? flawed. (Please understand I am not making a political statement whatsoever, this craziness happens regardless of which party in power)
With the government functioning again, the economic reports are starting flow out to the public domain however they are slow in coming. Some of the reports that have come out are listed below:
Some of the other economic reports which were due to be released are still delayed because of government workers just starting to get back to work. The reports we are still awaiting from this week are Housing Starts, Industrial Production, and the Consumer Price Index. Additional reports from last week that have yet to be released are Producer Price Index, Retail Sales and National Employment.
Given all the data that has not been released it is very difficult for anyone to effectively gauge the direction and strength of the economy. However with that said?prior to the shutdown the economy was continuing to improve at a modest pace and the likelihood of that direction changing during the government shutdown is minimal. Experts are predicting that the government shutdown will reduce the 4th quarter GDP numbers by ¼%. This is not a very significant number however some analysts believe that this drop could be enough to have the Fed delay any pull back in the stimulus program that has been talked about all year to start in November or December.
This week's market moving reports:
As your mortgage professional, I am happy to assist you with any information you may need regarding mortgage or real estate information. I welcome the opportunity to serve you in any way I possibly can. Please feel free to reach me at (707) 455-7070.
Saturday, October 19, 2013
Wednesday, October 16, 2013
- Social Security Card for each borrower.
- Current Driver’s License for each borrower.
- Most recent 2 year address history.
- Most recent 2 years employment history; name of employer(s), dates of employment, employer address for current work location, number of years on current job, number of years in same line of
w or k/ pr of es si on , current position, main business phone number for current wo rk l oc at io n.
- Current paystubs covering most recent 30 consecutive days.
- Last 2 years 1040’s (Federal Tax Returns), including all W-2’s and 1099’s.
- If applicable, Award Letters for Social Security Income and Pension Income and verification of receipt.
- 2 months statements for all asset accounts, i.e. bank accounts, 401k’s, IRA’s, Investment Accounts (include all numbered pages). All non-payroll deposits that exceed 10% of combined monthly gross income must be sourced/papertrailed. Any other deposits may require additional documentation, subject to underwriter discretion. Prior to any questionable deposits, first discuss with us.
- If a homeowner, current monthly mortgage statement, tax roll and home insurance policy on your property(s), and rental agreement if applicable.
- If a purchase, please contact an insurance company of your choice and request an insurance quote for property once in contract. Have insurance agent fax or email the quote to us showing coverage and premium amount.
- If renting, 2 year residential history showing name, address and phone number of landlord(s).
- List of liabilities and balances.
- If applicable, bankruptcy papers, divorce papers or explanation for delinquent accounts.
Other income information you may need:
If you are self-employed:
- 2 years 1040’s (Federal Returns) for Sole Proprietorship
- If a Partnership, include 2 years 1065’s and K-1’s
- If an S-Corp , include 2 years 1120S and K-l’s
- If a regular Corporation, include 2 years 1120’s
- Note: current Balance Sheet and Profit and Loss signed by a CPA may be required.
If you are employed by a family member:
- Most recent paystub(s) documenting 30 days income.
- W-2’s covering the most recent 2 years.
- 2 years 1040’s (Federal Returns), verifying no ownership interest in the company. If not addressed in the personal tax returns, a CPA letter is required to verify no ownership in the company.
- Written Verification of Employment covering the most recent 2 years.
- A minimum of 24 months average of income must be used in qualifying.
If you are divorced or separated:
- Complete executed Divorce Decree and Settlement Agreement.
- Payment history of alimony/child support over the past 12 months, if it is a financial obligation.
- If you choose to have this be considered as part of your income, (you do not have to) be prepared to provide 12 months cancelled checks or bank statements reflecting income deposits.
If you own real estate:
- If you are selling your home but it has not closed: a copy of the sales contract.
- If you have sold your home and it has closed and you will use the proceeds for your new down payment: A copy of the Hud-1 Uniform Settlement Statement.
If you are buying a home:
- Purchase Sales Contract or offer to purchase and all addendums and counter offers, fully executed with signatures of buyer, sellers and agents.
If the source of your down payment is a gift:
- Name, address and relationship of donor.
- Gift Funds will be verified in both the donor and recipient’s accounts.
- Note: Not all loan programs allow gifts to be a part of your down payment.
For VA Financing:
- DD214 and Certificate of Eligibility
For Construction/Perm Loan:
- Contact us regarding permanent financing requirements.
Sunday, October 13, 2013
My 12 years of experience in banking and the mortgage field has giving me the opportunity to work with a diverse client base. What I have gained from this experience is the ability to truly understand my client’s needs. My business is stemmed from 100% customer referral base. I realize that each transaction is very important and one of the biggest decisions in your life, I will go above and beyond to make sure your mortgage service has exceeded your expectations.
Today, purchasing or refinancing a home is the largest financial transaction that any of us will enter into, so it’s essential to select a trusted, qualified and experienced Mortgage Banker. I am here to ensure that you make the right choice for you and your family, and I am committed to providing my clients with world class service.
I would love to earn your business and discuss your individual needs.
Please reach me at:
Email me: email@example.com
Looking forward to have you be part of my family of customers for life!
Thursday, October 10, 2013
I have been a resident of Solano County all my life and watched our community grow.
After running my own branch of APMC for over five years I joined Big Valley Mortgage because of their integrity and dedicated staff.
CA BRE # 00924799
NMLS # 215349
479 Mason St. Suite 109
Vacaville, CA 95688-4505
Phone: 707-455-7070 ext. 311
Monday, October 7, 2013
Part of the Solano Lender Team, I am a California BRE licensed broker with experience operating my own mortgage company branch prior to joining Big Valley Mortgage.
Along with my brother Chris, I grew up in the property management business dating back to 1968 when our family purchased a 16 unit apartment complex which along with other investment property is still family owned and operated today.
My wife Vicki and I currently reside in Fairfield where we are active in our church and have been blessed to have had the joy and privilege to assist family and friends in achieving their dreams and goals in today’s changing real estate market.
CA BRE Lic# 01319252
NMLS # 218649
479 Mason St. Suite 109
Vacaville, CA 95688-4505
Phone: 707-455-7070 ext. 308