Funding after the Fires… FHA Spot Approvals… and more!

shutterstock_1643395310/29/2019 – I hope you are having a good week and I hope you and your loved ones are all safe and away from the fires. It has been a crazy week in the southland and I hope the cool weather tames these fires and helps all of the people that are out there saving buildings and lives!  For those of you who evacuated or lost your home

I am going to touch on a few things quickly and then run to the dentist!

  • We are requiring photos at this time to close houses in a fire zone.  We know most of the streets that have had fires on them in Santa Clarita, so that part is easy.  Most loan will be unaffected by the fires and others will require a photo or appraiser to go out.
  • We are doing FHA Condo “Spot approvals”!  Yes, we have about 4 of them going already!
  • Do you know how a Bridge Loan can help your business?
  • Thursday is Halloween –  Please be careful with all of the kids in the street.  Also, do not be distracted by my costume.

Interest rates have moved up a little more Friday and Monday.  The Federal Reserve will announce whether rates will remain the same or whether they will drop short term interest rates.  Sounds like they are leaning towards a rate cut!  What does this mean for mortgage rates?  I have only been doing this for 29 years so your guess is as good as mine.  We will see what the market does and then watch it reverse course and go up and down!

I will be in the office the rest of the week and I hope to hear from you!  My cell is  661-714-6258 and my office line is  661-260-2970.  Have a great week and I hope to hear from you soon! – Mike