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What are impounds? 

What are impounds? 

Script: When you buy a home, you are responsible for paying property taxes to the local tax assessor. In most California counties, taxes are due in 2 equal installments twice per year.  As an example - if you buy a $500,000 house you are looking at a little over...

What is a mortgage rate lock?

What is a mortgage rate lock?

Transcript: Hey everyone. So let's talk about rate locks. What does it mean when your loan officer tells you that they've locked a rate in for you? Well, interest rates fluctuate with the market, and they change constantly. Sometimes they go up or down several times a...

VA loans, Veteran home loans, special VA rates

VA loans, Veteran home loans, special VA rates

Transcript: Hey everyone, I'm going to keep this week's mortgage update very brief. We are heading into the 4th of July weekend. And this is a great; time for me to think about our heroes. Our veterans who defend our freedoms every day; I happen to be the proud...

Latest Posts

Forbearance, Unemployment and Coronavirus

Forbearance, Unemployment and Coronavirus

Transcript: Happy Friday, everyone is Jamie with The Real 411. Well, congratulations on surviving another week of being stuck at home. And if you're like me and you have little ones, then you have simultaneously managed to work from home while watching your kids and...

Rate Watch and how the fed rate comes into play

Rate Watch and how the fed rate comes into play

Transcript: Hey everybody. It's me, Jamie, with the real four, one, one (411). I usually wait until Monday's is sending out my weekly mortgage update. But we got some news today that is just too important to wait. I'm sure you've seen the news that the fed cut rates...

Fed Rate vs Mortgage Rate

Fed Rate vs Mortgage Rate

Transcript: Hi everyone. What a week in the mortgage industry? As you've heard, the ten-year T bill is at an all-time low. And the media is boasting about half a percentage point cuts to interest rates. I want you to understand some important things about this. So I'm...

How to prepare to list your home

How to prepare to list your home

Transcript: Hey everyone. It's Jamie with the real four, one, one (411). This is truly a dysfunctional time in the real estate market. Stay-at-home orders and the social distancing laws have really made it difficult; to listen to all your property, but we will return...

How Do Mortgage Rates Change During the Covid Pandemic?

How Do Mortgage Rates Change During the Covid Pandemic?

Transcript: Hey everyone. So we're talking to a lot of clients who are seeing these low rates and are looking into refinancing with us. Most of our clients take our advice and jump on locking. When we recommend it, we're watching the market, and based on economic...

Interest Comparison: Life of Loan

Interest Comparison: Life of Loan

Transcript: Hi everyone. It's Jamie, and I'm here with the Real 411. Rates are still amazing. And I thought this week we would talk about the difference only (5)five years of your loan term can make. And the amount of interest that you'll pay over the life of your...

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