Cute and Cuddly, boys. Cute and Cuddly.

Navigating today's mortgage market requires a team of special operatives working behind the scenes. My team at California Mortgage Advisors does just that work. As Skipper, I come up with the plan. Chris "Rico" Perez is our explosives expert, blowing holes in lender conditions and overcoming obstacles. Kowalski and Private are in the back office, dealing with the deluge of changing guidelines, documentation and the all new train wreck clogging up an otherwise imperfect system: Appraisal Management Companies aka "AMCs."
The good news is we're landing. The bad news is; we're crash landing.
Either way, we'll get your loan funded on time, every time.
Close with confidence.
California Mortgage Advisors: 415-485-1776

Keep The Change!

Change. It's what we all want, right? It was the slogan for the new president, it's what so many want socially, it's what we want environmentally, it's what the homeless are asking for on the street corner, it's what banks often say that you can keep. So, just be careful what you ask for. In the world of banking, there are two sides of the fundamental scales of service: Savings and Loan. Bank loan money (through, say, a broker like myself). Banks also want you to deposit money (savings, CD, money market, investments). The catch is: The cogs and gears are all jammed up. Banks aren't making enough spread on their money, so they're making a LOT of it up in FEES, or in this case, let's call it CHANGE. To increase income, banks are increase NSF fees, transfer fees, early termination fees, ATM fees, bounce check and stop-payment fees. So, check your statements, fight the system, make sure the Change in your bank is Change going into your account. Don't get killed on Bank Fees! Tip of the day. That's my two cents. Make sense? Everything counts in large amounts. http://www.ptre.net/

Riding Out The Storm

Was it REO Speedwagon who sang about "riding out the storm?" That would make each on of us Riders on the Storm. Even though Morrison didn't make it, we can. Back in early 2008, got some negative comments where I said "In 2009, we're going to be in a Depression, begging and looking up for a Recession." There are those who said we'd never get into a Recession. So, I won't bang my drum about being some special forecaster; Lord knows I've blown a half million bucks the past year and "crapped out" on the financial craps table of life. So, what can YOU do now? PREPARE. Brace. Fortify. With unemployment at its worst since 1947 and the markets down and values falling and markets grinding to a global stop, we haven't seen the end of this. We may be at the quarter-way mark. It's all cycles and trends; it just sucks to be in the valley right now. For those who can: LOCK-IN your 30-Year fixed rates NOW. Get them going. For the Jumbo players, Get into at least a 5-year interest only loan (that's the only rate that makes sense on Jumbos right now). DON'T leave yourself in an adjustable situation. The rubber band will snap on rates and it will be too little too late. Gett'er done now: Pat Townsley; Mortgage Broker. http://www.ptre.net/. The next set is coming in, so line-up, outside break, get ready to ride the next wave.