Owner Occupied Bridge/Temporary Loan

San Juan Capistrano, California 

A Realtor called me regarding a home loan that her client was having difficulty getting approved. The buyer wanted to purchase a new home in Orange County and needed a jumbo loan of…

In an attempt to find a solution to the growing housing shortage, California  enacted a law at the beginning of this year that permits small residential units on single-family lots.  Hopefully, this move will provide more affordable housing in a market that is experiencing a severe lack of housing.

What will one of these…

There are several advantages of selling your house in this market and investing in a smaller residence.  The most basic and obvious reason is the financial benefit.  A smaller home means less space to maintain, less stress, and less money spent on upkeep.  It allows you to save more money toward retirement. 

The reasons…

Recently a chief economist for Fannie Mae, Douglas Duncan, told a group of financial professionals he sees no recession in sight.  His group forecasts the economy will grow by a conservative 2% this year.  But, he added, “Frankly, from a housing perspective, I think there will be a strong growth.” 

Mr. Douglas is…