Beautiful 3 bedroom, 2.5 bathroom family home with detached 3 bedroom, 2 bathroom guest/rental house in the heart of Hermosa Beach just east of the PCH, with ocean views and only a 15 minute walk from the beach. A rare opportunity to own a duplex with a two car garage in each unit and a… [Read More]
Mortgage rates caught a break yesterday by moving lower for the first time this week. They arguably caught a break again today by not moving any higher than they did. Underlying bond markets (which drive mortgage rate changes) were rocked this morning by stronger inflation data. The important Consumer Price Index (CPI) was expected to hold steady… [Read More]
There are copious resources available on what you should do during the loan process to expedite your closing. Your loan officer probably gave you a “to do” list; your realtor may have as well. Today we’re going to take a lighthearted (read: “sarcastic”) look at the top ways to NOT have a smooth closing, since… [Read More]
In most scenarios, it makes sense for home buyers to get pre-approved for a mortgage before they start looking at houses. There’s a certain logic to doing things in this order. After all, the pre-approval process helps you focus your search on the types of properties that you can afford, based on the lender’s willingness… [Read More]
Conventional Loan Programs •1% down payment program • Up to 97% LTV/(H)CLTV on certain loans •Up to 95% LTV/ (H) CLTV •5-10 Financed properties allow for Second •Property flips allowed 30 days after close of escrow Non QM products ( for your Non Conventional / FHA borrowers) •Up to $ 2.5 Million loan amount •Up… [Read More]
The Federal Housing Finance Agency (FHFA) today announced that the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2017 will increase. In most of the country, the 2017 maximum loan limit for one-unit properties will be $424,100, an increase from $417,000. This will be the first increase in the… [Read More]
Welcome to John Piliposyan – Provident Lending Group! Please check back for future articles and information.