Partners Trust has a relationship with the fantastic loan officers at First Capital Mortgage. They are the tops in their business, maintaining connections with banks from all over the country to provide the best products to you when you're looking to finance your new home.
Self Employed? 2011 Tax Return? Home Loan? What Do These 3 Things Have in Common?
by John Ciolino on April 2, 2012Self Employed? 2011 Tax Return? Home Loan? What do these 3 things have in common and why is it so important?
It’s that time of the year when you are filing your 2011 tax return and wanting to buy a new home. What most people don’t know is that if not handled properly, you may need to wait a few months after filing the return before you can buy. Let me explain.
Loans Loosening and Tightening: Lenders Offering Second Loans Shows Confidence in the Market
by John Ciolino on March 9, 2012Current trends show that lenders have confidence in the market, which is an extremely promising sign. We now have a new lender that has just announced they will be doing second mortgages again, which will help a lot of people get into their dream home this year.
2012 Forecast from a Lender’s Perspective: Lenders See Positive Indicators for Market Growth
by John Ciolino on January 19, 2012Those in the real estate business have taken that deep breath as the first weeks of the new year have gone by, wondering “is this it? Is this the year things change and start going in the right direction?”.
Misconceptions Around Mortgage Rates: How to Get an Accurate Rate and Avoid Common Mistakes
by Tony Svoboda on January 10, 2012There is much misunderstanding around mortgage rates – which ones are actually available and what the costs are to get a rate. It is important to know the truth about rates and be aware of common mistakes when comparing them.
Navigating the Appraisal Process: Tips to Ensure a Successful Appraisal
by Tony Svoboda on December 3, 2011So much has changed in our industry in recent years – the appraisal process is one of the biggest. Now, lenders use their own appraisal management company to handle the ordering and processing of the appraisal, which has eliminated much of the communication with the appraiser directly. But fear not, there are some things can you do.
FHA Loan Limit Increase: Congress Passes Compromise Bill to Reinstate Increased FHA Loan Limit
by John Ciolino on November 17, 2011Great news! Congress passed a compromise bill yesterday to temporarily reinstate the FHA loan limit to $729,750.
This limit applies to high-cost areas, including Los Angeles and Orange counties. The increase is expected to become law and will be effective for FHA loans funding through 12/31/2013. We will keep you posted with more details as they become available, and will let you know when we can start to accept loan applications.
New Green Loans: Saving Homebuyers Time and Preserving Paper
by John Ciolino on October 6, 2011Banks newer guidelines put the burden back into the hands of the client, resulting in more and more paperwork needed to close a home loan. However we are now starting to see a glimmer of hope. Recently two of our largest California lenders have introduced a new Green Loan.
Changes in the Appraisals Process: New Appraisal Report May Cause Delays in Escrow
by John Ciolino on September 1, 2011Contrary to popular belief, there is good news to be found in the real estate world; rates are at the lowest levels ever and it’s a great time to take advantage of how cheap money is to purchase a property. However, lending guidelines continue to tighten and the latest changes come from the appraisals process in getting a loan.
Starting September 1st, appraisers need to use a new appraisal report that initially will confuse lenders and the consumer. The existing reports are already difficult to understand, but the mortgage giants Fannie Mae and Freddie Mac thought it is time to revise them.
The Fed, The Market and The News: Low Interest Rates Yield Great Investment Opportunities
by Tony Svoboda on August 11, 2011Recent economic developments have created an unprecedented chain of events with repercussions extending throughout the globe. Rates are at all time lows, from conforming to the jumbo and money is cheap if you can get it. The recent drop in…
Tips on Qualifying for a Home Loan: How to Structure the Best Financing for You
by Dan Millstone on June 30, 2011The real estate market on the Westside continues to show promising signs of recovery. However, despite the growing interest in the market, many people continue to face issues with attaining the necessary loans to make their investments, which is a harmful obstacle in the recovery process.
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