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Dean Hartman

To Refi Or Not To Refi….THAT Is the Question

September 2, 2010

Holy Cow! Have you taken a look at where interest rates are these days??? There are Ten Year Mortgages in the 3.75% range for heaven’s sake! Yes, 3.75%!!! What are some of the issues to consider as you (and all of America) contemplates a refinance? 1.  Does it make financial sense? If you are considering [...]

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Sense of Urgency?

August 27, 2010

It’s been hard to fault home buyers who haven’t rushed to buy a home, now that there is no longer any Federal Tax Credit. I mean, if you read this blog with any consistency, we all know that home prices are going to continue to tumble, and there is no indication of interest rates climbing [...]

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Jumbo Mortgages Becoming More Available

August 19, 2010

While we still see a tightening of mortgage underwriting guidelines for many loan programs, or even an increase in costs associated with the FHA loan program, there has emerged an increased appetite for Jumbo Mortgages in the marketplace. Today, I’d like to discuss the “What?”, “Why?” and “How It Affects You?” of the evolving landscape. [...]

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Yet Another Reason To Buy NOW!

August 10, 2010

Last week, HUD announced their intention to change their insurance premiums, in order to raise HUD’s own reserves to cover anticipated losses and fund their operations. Let’s look at the impact on today’s home buyer, resulting from the changes which will go into effect on September 7th. The “spin” is that they are trying to [...]

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5 Common Mistakes Made When Financing a Home

August 5, 2010

You are about to enter into the largest financial commitment of your life- a home mortgage.  No two transactions are exactly alike.  Unfortunately, too many homebuyers do not take the necessary time and consideration they should in choosing the correct financing for their individual situation.  Your lender should take the time to ask you questions [...]

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The Top 7 Reasons to Consider an FHA Mortgage

July 29, 2010

When exploring your options for financing today, I believe everyone should at least consider an FHA Mortgage.  Today, I want to tell you why: 1. Loan Amounts The loan amounts available (especially in High Cost Areas, like mine) are on a par with Conventional Financing.  In the past, FHA programs were typically only made available [...]

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The 5 Components of a Good Credit Score

July 22, 2010

We are bombarded constantly about how important our credit score is. What do we actually need to know? We asked our ‘resident expert’, Dean Hartman, to shed some light on the matter. – The KCM Crew Everyone knows that you need a good credit score to get a mortgage.  Most even know that your score will [...]

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Long Term Real Estate Investors Are In For A Bonanza

July 8, 2010

More millionaires were created as a result of the Great Depression than at any time in the nation’s history. Noted rich-guy John D. Rockefeller has said, “The way to make money is to BUY when blood is in the streets.”  Another noted rich-guy, Warren Buffet, believes you should “be fearful when others are greedy and to be [...]

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Halfway Through The Year…Some Random Thoughts

June 30, 2010

June 30th is a good time to take a pause an assessment of where we are…call it a reflection: The Tax Credit is gone. Although we are likely to see an extension of the closing portion of the credit, there looks to be no new beneficiaries of this program.  Years from now, we will look [...]

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Communication IS the Lubrication

June 24, 2010

Catchy headline, yes?  But I have been reflecting lately on how we can improve the “client experience”, and I was reminded of something I heard mortgage icon Greg Frost say way back in 1994.  From a stage in Palm Desert, California, Greg proclaimed that “Communication is the lubrication of a well-oiled transaction.”  I, like the [...]

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