Profile picture for Brian Dean

Brian Dean

Lender

Mortgage Lender (17 years experience)

Specialties:
Purchase Loan,
Refinancing,
Home Equity,
Mortgage Planning

Advice

  • (15 Contributions,
  • 0 Best Answers,
  • 2 Helpful)

Contributions are sorted newest to oldest.

The importance of mentioning/naming schools in your listings!

Response

People pay top premium to purchase a home in a particular area with good public schools. I think more people should consider and look at private schools as an option. Many will argue that they are the best of the best. In some cases the money that is saved purchasing in another area pays the tuition of the private school with money left over for collage.

  (1)
100% Financing with USDA

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  (0)
Rates on the move again!

Answer

I would lock now as the potential for the rate to rise is higher than them dropping. Some lenders such as myself will let you renegotiate with the secondary market if rates improved to a point that it made sense. This way you have the best of both worlds. Keep in mind that rates in the high 4's are historical low rates. I tell my customers that rates are like stock, you will never buy at the all time low and sell at the all time high. Just like if you try to take a picture of a bouncing ball at the moment it touches the gound, you just can't do it. : )Feel free to contact me if you would like to compare rates.

  (0)
Zillow 's Underwater Mortgage Resource Center

Response

Values are increasing nationwide month over month so if you were underwater in the past you may no longer be. It is a good idea to check from time to time. Another possible option on the horizon is HARP 3. If this in fact does roll out it will be for loans that are not owned by fannie or Freddie.

  (0)
What can I qualify for when it comes to a 2nd home?

Answer

To qualify for a 2nd home you will need to qualify taking your current and the new mortgage into account. The lender will require the 2nd home being believable as a 2nd home. IE- a distance from your current home, in a vacation destination, close to the coast when your current home is not, etc.I will be happy to help answer any questions. [Phone removed by Zillow moderator. Please see our Good Neighbor Policy for information.]

  (0)