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DBO CONSUMER ALERTS

Important Information This information is important for DBO’s, DRE’s, and FDIC’s. The alert on 5/29/19 is especially pertinent. The title is “Website FDIConnect.com should not be confused with Federal Deposit Insurance Corporation.” New Techniques Scammers keep coming up with new techniques. It is our job to protect our clients, friends, and the public. For a […]

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VOCABULARY WEEK: Article #4

Disintermediation: “This is the relatively sudden withdrawal of substantial sums of money from savings and loans, banks, etc.” It could be an interesting number to watch in the coming months. Disintermediation occurs when inflation rates are high and bank interest rates are stagnant. The depositors believe that they can get better returns by investing in […]

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WHY IS MORTGAGE INSURANCE A GOOD THING?

Dennis Smith: Author, Chef, Financier; Co-Owner/Broker at Stratis Financial, Huntington Beach; MLO Student Question of the Week Why is mortgage insurance a good thing? Answer Last week in the Weekly Rate & Mortgage Update we discussed if home buyers should wait until they have 20% for down payment before purchasing (you can read the WR&MU, […]

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IMPORTANT WORDS

First Step What should be your first step if you are contemplating buying real estate whether for the first time or again?  The words are GET APPROVED. Your Friendly Loan Broker You get approved by going to your friendly Loan Broker.  I recommend someone who is DRE or DBO licensed, not the big bank people.  […]

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