Mortgage Requirements Ease in 2017

Brick Home

Obtaining a mortgage can be a difficult process for some however mortgage requirements have recently been eased by Fannie Mae.  Everyone knows that after 2008 the lending industry pulled backed and made it more difficult than pre-2008 to get a new mortgage. And I think it’s safe to say that everyone agreed it was the necessary path considering that you … Read more

Longer term mortgage rate loan program

Home Green

Before 2008 longer term mortgage rate loan programs were starting to make their way into mainstream loan production. 40 year fixed rate mortgage loan programs became popular and wide spread in California and in other parts of the country. Homeowner’s were looking for the opportunity to buy a larger house so the mortgage industry created this new loan product. The … Read more

Mortgage Program Day 1 Certainty Fannie Mae

day 1 certainty

Fannie Mae, the mortgage giant backed by the federal government, has many programs that allow homeowners to refinance their current fixed rate or adjustable rate mortgage and many mortgage programs that allow buyers to obtain a great mortgage loan to buy that dream home. At JB Mortgage Capital, Inc. we offer many of these Fannie Mae mortgage refinance and purchase … Read more

How To Obtain A Fast Mortgage Approval

Family Home

The mortgage approval process can be easy or it can be difficult; a lot depends on how prepared you are before you start the process. Loan Officers do their best in requesting the specific items needed for approval. However sometimes they do need to add to the list based on the documentation sent in from the borrower and if that happens try … Read more

Loan Fees, Costs And Points

Family at home

One of the biggest mistakes someone can make when shopping for a new mortgage loan is to just ask: “What’s the rate and are there any points?”. I think it’s almost a certain guarantee that you’ll end up paying more in costs and fees than if you simply asked a different question. Knowing what to ask a Loan Officer is … Read more

Appraisal AVM

Couple in front of home

What is an appraisal AVM  (Automated Valuation Method)?  An Appraisal AVM is a home valuation service that can provide real estate property valuations using math and public data.  The AVM uses the most recent sales as comparables.  When you refinance your home you may be granted an appraisal waiver.  This is because the AVM model that Fannie (or Freddie) is using agrees … Read more