Newrez LLC,. Lisa Luperini

On my walk today! What a great neighborhood

Put the fun back in funding and consult with a 25 year veteran of home lending

Newrez LLC,. Lisa Luperini LISA LUPERINI
SR. LOAN CONSULTANT
NMLS #232334

Simply put this helps sellers and buyers. Example: seller isn't getting offers but instead of reducing the sales price (deteriorates the market) seller pays a 2% buydown for the buyer. Rate is 5.5% buy down offers 3.5%. Next year 4.5, following year caps at 5.5%.
This allows the market to correct itself. It is a perfect solution to equity growth and homeownership and affordability. It is much better than a permanent buy down although I could do a little bit of both and get creative) typically a 1% buy down on a permanent basis only offers about a quarter of a point in interest rate difference. Not a big savings. Call me and I will show you the comparison.

Thank you to my industry partners and clients that have helped me achieve a spot as one of the top women Originators in the country. rules retail

Caliber Home Loans, Inc. Lisa Luperini LISA LUPERINI
SR. LOAN CONSULTANT
NMLS #232334

Here is the Monday Marketing Collateral from Keeping Current Matters. If you click on new job link in the 2nd sentence you can have access to the below map which shows CA. Take care,

Why Home Equity Is a Bright Spark in the Housing Market

Given how we have seen more unemployment claims than ever before over the past several weeks, fear is spreading widely. Some good news, however, shows that more than 4 million initial unemployment filers have likely already found a new job, especially as industries such as health care, food and grocery stores, retail, delivery, and more increase their employment opportunities. Breaking down what unemployment means for home ownership, and understanding the significant equity Americans hold today, are important parts of seeing the picture clearly when sorting through this uncertainty.
One of the biggest questions right now is whether this historic unemployment rate will initiate a new surge of foreclosures in the market. It’s a very real fear. Despite the staggering number of claims, there are actually many reasons why we won’t see a significant number of foreclosures like we did during the housing crash twelve years ago. The amount of equity homeowners have today is a leading differentiator in the current market.
Today, according to John Burns Consulting, 58.7% of homes in the U.S. have at least 60% equity. That number is drastically different than it was in 2008 when the housing bubble burst. The last recession was painful, and when prices dipped, many found themselves owing more on their mortgage than what their homes were worth. Homeowners simply walked away at that point. Now, 42.1% of all homes in this country are mortgage-free, meaning they’re owned free and clear. Those homes are not at risk for foreclosure (see graph below):
In addition, CoreLogic notes the average equity mortgaged homes have today is $177,000. That’s a significant amount that homeowners won’t be stepping away from, even in today’s economy (see chart below):

In essence, the amount of equity homeowners have today positions them to be in a much better place than they were in 2008.
Bottom Line
The fear and uncertainty we feel right now are very real, and this is not going to be easy. We can, however, see strength in our current market through homeowner equity that has not been there in the past. That may be a bright spark to help us make it through.

Can your insurance cancel you if you live in a high fire rating Zone? Read the moratorium and let me know if you have questions. I have other resources in addition to Farmers.

www.insurance.ca.gov

What Really Happens When the Fed Cuts Rates?
The Fed is expected to cut rates this week, so what does that mean to you? It might surprise you, but sometimes when the Fed cuts rates, Mortgage rates don’t respond very well and can actually move higher. Why is that? The Fed only controls the Fed Funds rate. That’s a very short term, overnight lending rate. Mortgages, as you know, can be out there for 30-years. Because of this, mortgage lenders are more concerned with inflation because inflation will erode the buying power of the fixed payments received over time. When the Fed cuts rates, they are trying to spur economic activity by making borrowing costs for businesses cheaper, as well as other things based on the prime rate, such as home equity loans and credit cards.

If the Fed cut is perceived to be successful in sparking more economic activity, businesses may improve, which means they may have some additional pricing power, which can be inflationary. The Bond market may perceive that as bad news for longer term rates and mortgage rates could actually go higher. We have often times seen this in reverse when the Fed hikes rates and mortgage rates go lower. And much depends on the comments from Fed Chairman Powell after the announcement. Does he see the cut as sparking inflation? Count on me to be watching that for you and keep you up to date.

That’s all for this week. Have a wonderful weekend!

Hello Everyone

How is August starting out?

I get a lot of questions regarding Experian Boost so I wanted to talk a little bit about it. If you havent heard about it already, essentially, Experian Boost is a way for consumers, to add their utilities to their credit and get a boost in score.Granted, this only increases your Experian score but if you have one score above the threshold you need and two below it, one below just happens to be Experian, you can can go to www.experian.com/boost and add utilities. Some people have been reporting score increases as high as 50 points and the impact is almost immediate. The reason I like it is because it adds some seasoning to the credit report which is huge for the service I provide since a lot of the borrowers I work with do not have a lot of credit history. The other great thing about Experian Boost is it is absolutely free!

Improve your Credit Score Instantly Experian Boost allows you to add phone and utility payments to your credit report which may instantly increase your credit score.

35 transactions in 6 months, 100% closed escrows. 15 million and counting! What's higher than 100%?
Nothing.

ITS ABOUT TIME!!!

The FHA Loan Affordability Act (H.R. 3141), introduced by Dean Phillips (D-MN) would repeal the requirement that borrowers with FHA loans pay premiums on FHA mortgage insurance for the life of their loan. The bill would reinstate the previous policy which allowed borrowers to drop the insurance when the outstanding balance of their loan is reduced to 78 percent of the original value of the home.

Another FHA related bill, The Housing Financial Literacy Act (H.R. 2162), would require the Department of Housing and Urban Development (HUD) to provide a 25-basis-point discount on the FHA upfront insurance premium for first-time homebuyers who complete a HUD-approved housing counseling program. T

A third home purchase related bill, H.R. 3154, The Homeownership for DREAMers Act clarifies that recipients of the Deferred Action for Childhood Arrivals (DACA) program (i.e. Dreamers) cannot be denied mortgage loans backed by FHA, Fannie Mae, Freddie Mac or the U.S. Department of Agriculture (USDA) solely on the basis of their DACA status.

VA renovation loans are coming to Caliber Home Loans. My veterans will be able to take advantage of well price homes that need a little renovation or correct deficiencies without coming out of pocket. Call me for more information. 916-798-2601

Fyi - here’s why Caliber Home Loans (non bank servicing lender) will keep winning the Mortgage game. Banks will continue to disinvest in Mortgages - they have only their Balance sheet to rely on and cannot move fast enough on technology.

This comes on the heels of several announcements of lenders exiting our business primarily due to a strategy that was not sustainable and was not able to deliver profitability. I’m sure many of you saw that HomeStreet, TIAA (EverBank), Provident Bank Mortgage, Eagle Retail and a handful of smaller lenders all exited in the past 30 days. These are major players that publically appeared to be strong right up until the end.

I share this because I want you all to have confidence in Caliber and the strategies that we are deploying to support my buyers and my realtor partners . Caliber will continue to drive value on a daily basis, fight for every deal we can win and maintain the best origination, ops, and underwriting team in the industry!

In light of today's interest rate increase I'd like to put this in perspective. Take a look at this graph and see where we've come from and see where we are.

Interest rates are a sign of a healthy economy. We are still in very good shape.

FHA announces new county loan limits for 2019! This is effective January 1, 2019. Back in 2016 FHA increased only 188 counties. In 2017, this increased to 2,948 counties that saw an increase and now the numbers of counties that increase is 3,011. For a full county list contact me at 916 798 2601 or email me at [email protected]

Inventory for one of my very best friends Chad Phillips at Remax. This house has been fully renovated. I was the loan officer on the 1st sale and it passed its inspection with flying colors.

On the market! Hey all - Please share this with anyone you think might be interested. Thanks!

You have to have good credit to get a good interest rate to buy house.

Although I'm a strong advocate against debt I suggest always have two credit cards. Have one with a very low balance that you use on internet purchases. Maybe a thousand to $1,500. In case that card gets hacked no one can spend more than $1,500. The other one should be for a higher credit limit that you use for more expensive purchases in person. That one doesn't get exposed to the internet.

If you have questions regarding your credit and how it relates to buying a home this is the time to work with an experienced loan officer to see how your credit fits into the home buying world. Call me at 916-798-2601

Super Excited to post new inventory in Concord with my associate Rudy Padilla! This pool sure does look good right now!!!

5507 Langford Court Concord CA Ask Lisa Luperini about 30 and 40 year interest only options 5% down jumbo no PMI

Happy Monday!

90% loan to value jumbo to $3000000 no PMI priced very competitively to your conventional conforming rates!!!☎️ call me anytime 916-798-2601. Your Loyal community area loan specialist.

Mortgage rates continued to climb higher last week, on better than expected economic news, which was marked with a solid GDP reading and capped off on Friday with a better than expected Jobs number. Adding to rising rates was more news coming from Italy and the uncertainty this puts on the EU and their future government. The US 10yr continues to trade below 3.00% heading into the new week.

Last week, economic releases were heavy, and conversely, this week is expected to be lighter. We start off Monday with Factory Orders at 10:00 a.m. ET. Tuesday there is the release of ISM Non-Manufacturing and the Feds scheduled purchase of MBS. Wednesday is the biggest release day with Productivity and Costs along with the US Trade balance. We move toward the end of the week with Initial Jobless Claims and Consumer Credit on Thursday and end the week with Wholesale Inventories on Friday.

Economic Calendar for the week of 6/04/2018 to 6/08/2018:
Monday: Factory Orders
Tuesday: ISM Non-Manufacturing
Wednesday: Productivity & Costs, Trade Balance
Thursday: Initial Jobless Claims, Consumer Credit
Friday: Wholesale Inventories

Key Market Indicators
Week Ending Week Ending Week Ending Week Ending
(6/01) (5/25) (5/18) (5/11)
FNMA 4.0 Coupon 101.922 101.828 101.266 101.641
Dow Jones 24,635 24,735 24,715 24,831
S&P 500 2,734 2,721 2,712 2,727
Gold $/oz 1,293 1,302 1,293 1,319
10 Year Yield 2.902 2.931 3.056 2.970

Love this house Lori Weigant

2321 Shorebird Drive Sacramento, CA 95833 Conveniently located in the beautiful Shorebird Community, this updated 2426 sq ft open floor plan home features a living and formal dining area with vaulted ceilings. With an open concept kitchen and living area, this home is great for entertaining and family time. The large downstairs den offers p...

Smart work pays off. My 30th close of escrow and very happy clients!!

Get a headstart on your open house tour in Yuba City!!! This house qualifies for so many great financing opportunities through Caliber Home Loans and Lisa Luperini

So many financing options with no PMI THIS WONT LAST LONG Very well maintained home in attractive North Yuba City area, with spacious plan offering formal living and dining rooms, cozy family room with a fireplace, updated kitchen overlooking the beautiful yard, pool, and gazebo. Financing available through Caliber Home Loans with and w...

This one wont last long!! $299000 in Manteca!!! Listed by my friend Gina Farinacci. Open house April 14 if it lasts that long.

323 S Powers Avenue Manteca CA WHAT A FIND!!! Adorable and move in ready. Many updates throughout including a near new HVAC, updated kitchen and bath, wood floors and a huge yard with RV/boat access, work shop and your own almond trees! Perfect for first time home buyers and easy financing with and without PMI! Grant and down pay...

Hi there Everyone
If you are 55 years old or older and looking to purchase a home in California remember Proposition 60. Proposition 60 allows you to transfer your current property taxes to the new property as long as it is equal to or lesser value than your current primary residence. You have up to 2 years in order to make this transfer with the county but the best way to do it to see the most savings is do it at the time you sell your current residence and at the time you buy the next one. I can walk you through those steps so you enjoy the savings immediately.

Call me for details and get a pre-approval the same day. I've lived and worked in the Sacramento Valley for over 35 years. 916-798-2601

39 million Americans now own a smart speaker, report claims

39 million Americans now own a smart speaker, report claims One in six Americans now own a smart speaker, according to new research out this week from NPR and Edison Research - a figure that's up 128 percent from..

5 Reasons Millennials Choose to Buy [INFOGRAPHIC]

5 Reasons Millennials Choose to Buy [INFOGRAPHIC] First Time Home Buyers, For Buyers, Infographics, Millennials 5 Reasons Millennials Choose to Buy [INFOGRAPHIC] 1.6Kshares 1.2K 93 0 21 282 Some Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — includi...

Tiny Private Paradise of an Island Eases You Into Off-Grid Living

Tiny Private Paradise of an Island Eases You Into Off-Grid Living Want to own a private island but not sure if you’re ready to commit to homesteading way out in the middle of nowhere? This little island may be just the thing.