Tag Archives: dan tharp

When Janet Yellen Speaks, The Market Listens! Mortgage Rates higher

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WE thought people only listen when E.F. Hutton speaks. Not true! Looks like Janet Yellen, the new Fed Chair can move markets too. According to the Washington Post yesterday, her optimistic assessment of the nation’s economic prospects, despite recent poor job growth, rallied the stock market. And thus, pulled money from treasuries and mortgage backed securities (MBS) causing rates to go up a bit. We will stay tuned!

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For More information please contact Dan Tharp @ 916-257-1470 or email Dan at dtharp@Guildmortgage.net

 The information contained in this training has been prepared and distributed for educational purposes only.  This training information shall not be construed as a guarantee of loan approval; All loans are subject to underwriter approval.

Pros And Cons Of Making Biweekly Mortgage Payments

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This is for sample purposes. Call me for your analysis.

Have you ever considered paying off the mortgage on your home in two biweekly payments rather than one monthly payment? It might seem like this wouldn’t make a difference, but the truth is that biweekly payments really do add up more quickly.

Since there are 52 weeks in a year you will end up making 26 payments in total – which is equal to 13 months rather than 12. This means that your mortgage will be paid off more quickly and you will save money on interest payments in the long run. Continue reading →

It’s Back! Down Payment Assistance for Buyers!

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Can you imagine buying a new home with little to nothing down? Don’t worry, this is not too good to be true, it’s a pure and simple government backed loan (FHA) with the help of our new Grant Program.

We have added this wonderful assistance program to our ever-growing arsenal of loan programs, and now I can finally spread the news! This Grant may help you take advantage of this very attractive real estate market and possibly be the difference in purchasing that home you have had your eyes on. But, with any program, it’s important to read the fine print to make sure this is something that will work for you. Continue reading →

Should I Lock or Float? This Week- November 18, 2013

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The Non-Farm Payroll numbers came in on the 8th of this month, well above expectations with 204K versus an estimate of 125K new jobs. In addition, revisions added 60,000 more jobs to the prior two month
releases and thus mortgage rates took a significant one-day beating – noted by the long red column shown on the far right of this graph. Prices are now almost back where they were before that report was announced.

For those of you shopping for a good mortgage rate, who did not lock at the time, may have just gotten your reprieve!

Continue reading →

Does Zillow Work?

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Does Zillow work, and will it give you a good approximation of the market value for the home you want to buy, or sell? My simple answer – “Sometimes it’s close and sometimes it’s not even on the same planet.”  While Zillow offers many services, it is primarily known as a free website to help folks obtain a property value, without paying for an actual appraisal. It brings out the Curious George in all of us! Below, I will show you a few Zillow estimates and then compare them with an actual appraisal. Continue reading →