805 Local

As a loan officer who has worked in Ventura County for over 27 years, I’ve seen the processing and underwriting of home loans change dramatically.  Before it all went to “tighter guidelines” (that’s an understatement), the loan officer could be nothing more than an order taker.  “Yes, sir.  May I interest you in a Home Equity Line of [...]

With all of the tightening credit guidelines, it would be nice if your credit score mattered a little less these days, but nowadays it matters more than ever!  It used to be that people with generally good credit got about the same interest rate as people with really good credit and people with generally not-so-good [...]

Yes, and here’s why.  When the market is as volatile as it has been recently, several things hold true: 1) Rates Rise like a Rocket and Fall like a Feather  2) Lenders are very quick to reprice  3) Rates MOVE FAST when they get started.  Here’s how to protect yourself. Use a lender that will [...]

Your lost in space, “with no direction home!” (apologies to Bob Dylan’s “Like a Rollin’ Stone”) I know that it’s been a crazy real estate market out there, but can you remember the last time interest rates were this low AND home prices were also this low?  I can’t either.  So why are you having a [...]

Why is it that some sellers don’t want to accept an FHA offer?  I’ll tell you why.  It’s because they don’t know what they’re doing!  They know as much about an FHA offer as this guy at the right. They’re still stuck in the old FHA thinking where the seller had to pay a lot [...]

This is my first blog on this wonderful website and my mother would have been very proud of me, as she was one of the first to see the potential for this medium.  She actually owned one of the first Texas Instruments computers. My name is Jay Friedman, but you can call me ”lender dude”.   I have [...]