Kevin’s Korner | Mortgage Minute

“Don’t say you don’t have enough time. You have exactly the same number of hours per day that were given to Helen Keller, Pasteur, Michelangelo, Mother Teresa, Leonardo da Vinci, Thomas Jefferson, and Albert Einstein.”  — H. Jackson Brown Jr.


Program Highlight –


Loan Programs for First Time Homebuyers


  • Conventional Loans with only 3% down payment
  • Only one of the buyers needs to be a 1st time homebuyer (no ownership in last 3 years)
  • FHA Loans with only 3.5% down payment 
  • Credit scores as low as 580
  • USDA Loans
  • 100% financing in USDA eligible areas


Feel free to contact me with any questions you may have with these loan programs.


Last Week Market Review | February 4, 2019



The Fed met this past week. As expected, they didn’t hike rates and the Fed Statement was very “dovish,” suggesting that rate hikes will be off the table for most, if not all, of 2019. 

The Fed looked to “muted inflation” and slowing economies abroad as reasons to show “patience” in hiking rates further. 
In response, home loan rates revisited the best levels of 2019 this past week. 

This new position by the Fed is a complete departure from where they were just a few months ago, when Fed Chair Powell was forecasting 3 rate hikes this year. 

People owning Stocks are feeling wealthier as shares hit a multi-month high this week after rallying 14% since Christmas. This is good for housing. 

Job creations and wage growth are also fundamental to a healthy housing market and last week’s terrific Jobs Report showed steady growth in both. 

More good news — the Mortgage Bankers Association just released a forecast suggesting that 30-year mortgage rates will remain below 5.00% through 2020!!! 

If you or someone you know has questions about home loans, give me a call. I’d be happy to help.


Last Week Market Review | January 21, 2019


I am determined to be cheerful and happy in whatever situation I may find myself. For I have learned that the greater part of our misery or unhappiness is determined not by our circumstance but by our disposition. - Martha Washington

Home loan rates finished this week near unchanged and remain near 9-month lows — so we have that going for us. 

Most of the week’s news was pretty bond friendly, including Brexit uncertainty, ongoing Government shutdown, ongoing US/China trade dispute, low inflation and more. 

So why haven’t rates improved further with these bond-friendly tailwinds? 

The first Friday of 2019 was the day things changed for the Bond Market when a blockbuster Jobs Report and overly “dovish” Fed Chair Powell speech were delivered, which has helped Stocks move steadily higher at the expense of Bonds. 

Here’s an important word to consider as we head into the Spring home buying season and that’s disinflation, which means a slowing growth rate of inflation. We are seeing signs of this today and if the trend continues, home loan rates will benefit as 2019 progresses.


If you or someone you know has questions about home loans, give me a call. I’d be happy to help.


Helpful Tips


Tip: Social Media and Property Pages: A Statistical Review 

Today, it seems as though everyone has a social media page. In fact, around 70 percent of the U.S. population has at least one social media profile. If you’re interested in connecting your business with even more potential customers, advertising on social media could be the way to go. 

This is especially true for home sellers and agents. Millennials now account for 66 percent of the market for first-time homebuyers, and almost all of them use the internet to research and look at homes. If you’re trying to expand your potential market, some of the top social media platforms can help.


  • Facebook: Currently, 69 percent of real estate agents say they use Facebook because it makes it easier to deliver advertisements to their core demographics. If you plan to post videos on Facebook to advertise a home, keep in mind that only 15 percent of users watch Facebook videos with the sound on. If you don’t include subtitles, you’re missing out on a large portion of your target market.


  • Instagram: Another top social media channel that home sellers should consider is Instagram. Not only is Instagram currently the fastest-growing social media network, but its visual nature also fits in perfectly with real estate. Also, don’t forget to include the right hashtags to expand your reach.


When you’re looking to grow your business, choosing the right content to share on social media can help. After all, you never know when your next potential buyer could be scrolling through your social media feed. 

Sources: Lyfe Marketing, Adweek


As always, feel free to pass these helpful tips along to your team, clients and colleagues! 



Program Highlight



Loan Programs for Non-Traditional Buyers


  • Bank Statement Programs for Self Employed Borrowers

Ideal for borrowers that don’t want to provide tax returns (up to 90% LTV)


  • Investor Cash Flow “No Income Verification” Program  
  • tax returns not required (up to 75% LTV)


  • Non-Prime Programs

For borrowers with recent bankruptcy or foreclosure (up to 85% LTV)


Feel free to contact me with any questions you may have with these loan programs.