Mortgage Information

May 26, 2011

3 Must Know Steps to Buying a Pasadena Home Hassle Free

Our Pasadena area real estate website is visited by thousands of home buyers daily.  All of them with one purpose - finding a Pasadena home for sale that is right for them at the best possible price.   However, home buying can be very stressful.  So what can you ...

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May 10, 2011

Home Buyers - Do You Need An Arm?

Mondie Picl - Mortgage Consultant

Guest Author: Mondie Pic'l

Years ago when ARM’s (adjustable rate mortgages) were a novelty I did an advertising piece with a picture of the Venus de Milo (the statue with no arms) asking:

Do you need an ARM?

[caption id="" align="alignright" width="333" caption="Photo Credit: Matt Lee ...

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Nov. 8, 2010

Mortgage Insurance: How do you want to take your medicine?

Mondie Picl - Mortgage Consultant

Guest Author: Mondie Pic'l

Mortgage insurance is a lot like medicine. You know you have to have it but it doesn't mean you have to like it. When you take medicine you can often choose to take it in a liquid, a pill or a shot. What many ...

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Oct. 27, 2010

Have Mortgage Rates Bottomed Out?

Mondie Picl - Mortgage Consultant

Guest Author: Mondie Pic'l

As I work with Pasadena home buyers, the number one question that I get is have the mortgage rates bottomed out?

I recently had the opportunity to watch the movie Ghostbusters. Its hard to believe that this movie is over 25 years old having been ...

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Oct. 17, 2010

How to Shop for a Mortgage Rate

Mondie Picl - Mortgage Consultant

Guest Author: Mondie Pic'l

Some people love to shop. However when it comes to shopping for a loan, shopping isnt exactly fun! It can be complex and overwhelming. However there are some key things you can do to make sure you get the best terms.

When shopping rates it ...

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Sept. 29, 2010

Don't Have a Large Down Payment? Good News for You!

Mondie Picl - Mortgage Consultant

Guest Author: Mondie Pic'l

When the credit crisis hit two years ago one of the
immediate casualties was the ability of Pasadena home buyers to purchase a new home with
a low down payment. The main
reason was the retreat of mortgage insurance companies and their unwillingness
to insure ...

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Sept. 20, 2010

When does FHA financing make sense?

Mondie Picl - Mortgage Consultant

Guest Author: Mondie Pic'l

Many people have a misperception about FHA financing.

It is too expensive, it's more difficult to qualify and FHA has very stringent requirements about the property.

The truth is that FHA financing has some wonderful uses that may help many home buyers and homeowners ...

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Sept. 13, 2010

Calculating Your Pasadena Home Buying Affordability

Mondie Picl - Mortgage Consultant
I am so very excited to introduce Mondie Pic'l of Fairway Mortgage to our Pasadena Real Estate Blog. Mondie has been my personal mortgage consultant for close to 10 years now and has been working very hard for many of my home buyers in providing them with a hassle-free professional ...

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Aug. 6, 2010

FHA Changes Coming Soon - Breaking News!

We've been talking about FHA financing and that more and more buyers, especially first time buyers, are able to use this government financing program to buy their Pasadena home.

Yesterday, HUD (Department of Housing and Urban Development) has announced their intention to lower the Up Front MIP from 2 ...

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Sept. 27, 2009

Multiple Offers and FICO Scores - What You Need to Know when Shopping for Pasadena Homes for Sale

My emphasis on this Pasadena real estate blog has been to provide both home buyers and home sellers the most up to date data of what is going on in our local real estate market. Recently, I've been mentioning that multiple offers have been prevalant in Pasadena and surrounding ...

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