The Sheir Mortgage Team Podcast

Have you been on the fence about refinancing your mortgage? Rates are at historic lows, but many feel that they will go up soon. Now is the best time to save by refinancing.Contact David DirectlyShould you refinance your mortgage?It's a question that a lot of us are facing since interest rates have been at historic lows for some time. However, a lot of people feel that rates will rise soon. If you've been on the fence, is now the time to jump off and refinance?The most popular reasons why people

The Mortgage Bankers Association met recently and predicted that interest rates will rise in the next year or two. While a small hike may not seem like much, it has a huge effect over the life of a mortgage.Contact David DirectlyToday I wanted to stop by with a quick market forecast for 2017 and beyond.The Mortgage Bankers Association recently met this month to discuss their predictions for the market in 2017 and beyond. The good news is that they expect real estate sales to hold steady or even

Contact David DirectlyHow much do you need to put down on a down payment for a home? Well, the answer isn't so clear-cut. It really depends on the type of loan that you qualify for.With a Veterans Administration loan, you can buy a home with 0% down. That is a fantastic deal if you're a veteran that qualifies!If you're a first-time home buyer you can purchase a home with just 3% down if you can qualify for a special conventional loan. Keep in mind that a first-time home buyer is considered to be

Contact David DirectlyToday we’re going to talk about some recent changes that took place regarding FHA financing. If you are in the process of buying a home, or want to buy a home, you need to be aware of the changes to FHA financing that took effect on September 14, 2015.The FHA has taken the time to totally restructure their entire guidelines into a new handbook called “The 4000.1” which went into effect on September 14. Now, any new case numbers assigned with FHA must follow these new rules.Here

Contact David DirectlyToday, we'll discuss condominium financing. There are two types of condo reviews: the full review and the limited review.A full review occurs whenever someone wants financing that is as little as 5% down. Basically, the lender is responsible for viewing things like budget, the insurance policies, and the amount of reserves. It's a very exhaustive five-page questionnaire.If you have more money to put down, you can do a limited review. This is a much less intrusive review with a

.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; height: auto; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; } Contact David DirectlyToday, I want to introduce you to Cornerstone Home Lending, and explain a little about what we