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New American Funding is dedicated to assisting those who have experienced damage to their home or have financial difficulty due to the impact of a natural disaster. Has your home been damaged? If you’re wondering what to do if your home has been damaged, take the following steps. Read More
When you decide to remodel your home, it can mean living in a construction zone for days or even months. The trick is to keep the end goal in mind: a brand-new living area! No matter what, there will be dust, noise and, if your kitchen is involved, dishes being washed in a bathroom sink. Read More
Whether you are moving in or moving out, painting is usually involved. Before you grab a few cans of a neutral tone to freshen up your walls, consider how you want your rooms to feel to those who spend time in them. Read More
Power outages are something most homeowners deal with at one time or another, particularly if they live in a severe weather area. Here are some tips to keep you safe and comfortable, should you find yourself at home without power. Read More
There’s more to communication than the words we choose. It turns out our tone of our voice and body language influence what is actually “heard. Read More
Whether it’s a single project or a full renovation, the most critical element to success is the person you hire to get the work done. Contractors can be amazing assets. Read More
Making the decision that you are financially ready to buy a house is only the first step. Finding the right one is more of a journey. Read More
First impressions count in job interviews, dates, and, especially, when it comes to selling your home. In less than the time it takes to walk up to your front door, a prospective buyer has already formed an opinion that can influence how they perceive your home once they are inside. Read More
Today we are going to talk about what’s happening with interest rates. If you’ve been following the market, you’ve likely noticed that interest rates have come down ever so slightly over the last few weeks. Read More
What are buyers looking for in a house? There’s several features that buyers are looking for when it comes time to purchase a new home. Do you know what those features are? Check out our latest infographic to find learn more about what the most important property must-haves are in order to attract the most number of buyers. Read More
What you need to know about flooring comes down to who and what will be walking on yours in the coming years. Different materials are suitable for different needs. Read More
You’ve decided it’s time to buy your first home. It’s an exciting, mysterious journey that can seem confusing if you’ve never attempted it before. Read More
Inc. Magazine has ranked New American Funding on its Inc. Read More
The biggest hurdle aspiring homebuyers face is saving enough for a down payment. It takes time and money, but at what point have you saved enough?  The 20 Percent Rule … Was Made to be Broken The rule of thumb for down payments has traditionally been 20 percent of a home’s purchase price. Read More
As you watch the electric bill spike with your air conditioner’s use, it’s natural to wonder if it’s time the sun starts kicking in for its role in adding to your expenses. With solar technology evolving to the point where tiles can be indistinguishable from regular roofing material and the prices still falling toward a more affordable range, it may make sense to start looking into the cost of switching to solar power. Read More
If you're thinking about buying a home, you should know what to look for when you're house hunting. While the number of rooms, condition of the kitchen, and size of the yard are important, there are other things to think over before you make an offer. Read More
With the increased popularity of private accommodations, a market that grew 11% in 2016 and is expected to total $36. 6 billion by 2018, you might be considering listing your family's vacation home to generate some added income from this trend. Read More
Are rates going up or are they going down? The truth is, no one can be certain which direction they’re headed. While many investors and rate-watchers believe they can time the market to get the lowest interest rate possible, dart throwing with a blindfold typically proves just as accurate. Read More
New American Funding placed 39 Loan Originators in the annual Top 250 Latino Mortgage Originators Report issued by the National Association of Hispanic Real Estate Professionals (NAHREP®), in association with RADIAN®. That total ranked No. Read More
The statistics are sobering, if not staggering. Since 1980, wages have grown by only 25%, while the median home value has risen 60%. Read More
Today we are going to talk about what’s happening with interest rates. Last week was the ever-important payroll report which showed 213k jobs added in June versus the 195k that was expected. Read More
Any day is a good day to reduce your outstanding balances. This especially true given that most American workers’ take-home pay recently rose as new, lower tax brackets took effect. Read More
The care and attention you show your lawn, flowers, vegetables, or other landscaping plants can draw more than the appreciation of your neighbors. It can also make them quite inviting to hungry rabbits, not to mention deer, field mice, moles, cats, and raccoons. Read More
Hello everyone and welcome back to the Mortgage Rundown. Today we are going to talk about what’s happening in the capital markets. Read More
With the economy strengthening throughout 2017 and general expectations for it to continue to be healthy, it’s believed that the Federal Reserve Bank (Fed) will increase interest rates during 2018. The increases are expected to be small and are being done to bring the overall level of short-term rates back to what is considered by economists as a "neutral position. Read More
While March 23 is National Puppy Day, any day you find yourself looking into a pair of adoring brown eyes and see a wagging tail has the potential for being a day to celebrate puppies. It's just as likely to also be the day you open your home to a new family member. Read More
Hello everyone and welcome back to the Mortgage Rundown. Today we are going to talk once again about what’s happening with interest rates. Read More
SocialSurvey, an online reputation management service, has announced that 16 Loan Officers from New American Funding ranked in the Top 100 Loan Officers for Customer Satisfaction, which is the most representation from any mortgage company in the nation. New American Funding’s Amber Ernst tied for the #1 spot, Johnny Dykes ranked in the Top 10, and New American Funding won the award for Top 10 Large Mortgage Company for Customer Satisfaction. Read More
When it comes to gated communities, clients can harbor a number of misperceptions about the benefits this type of housing offers versus its price. Whether they are sold on the concept or opposed to it, a reality check is likely in order. Read More
Many young adults dream of making the switch from renting to owning a home. When these aspiring homeowners are also your kids, it's only natural to want to help. Read More
As you start prepping to move from your current residence to your new one, include your pets in the process since these family members tend to like familiarity. To minimize their stress levels and maximize their comfort in the face of this big change, here are some things to keep in mind as you make the big move. Read More
Today we are going to talk once again about what’s happening with interest rates. The 10yr Treasury is floating right around 2. Read More
Let’s face it…we all have dirty laundry, literally. Whether it’s something you do weekly—or, for some families, daily—having a dedicated and organized laundry room in your home makes it easier to get the job done. Read More
Whether you are already a homeowner or thinking about buying your first home, the new tax laws—officially known as the Tax Cuts and Jobs Act (TCJA)—will challenge how you think about your home loans, especially your Home Equity Line of Credit (HELOC). What Changed In addition to flatter tax brackets, TCJA eliminates many popular deductions for individual taxpayers, and puts new limits on those that remain. Read More
If you are like many U. S. Read More
After the ink dries on your closing agreement and you test the keys in the lock, it’s time to face the prospect of turning that now empty house into your next home. So, how do you satisfy your champagne decorating tastes on what’s likely to be the diet cola budget you have left? Here are some pointers on how to fill your home with furnishings while holding onto what’s left of your nestegg. Read More
Welcome back to the Mortgage Rundown. Today we are going to talk what’s happening with interest rates. Read More
Ready to get serious about homeownership? Then it’s probably time to start saving for a down payment. While down payments can seem like a challenge, they are really like any other goal you set for yourself, doable. Read More
Whether you are already a homeowner or thinking about buying your first home, the new tax laws—officially known as the Tax Cuts and Jobs Act (TCJA)—will challenge how you think about the cost of homeownership. What the TCJA should not change is the reason you choose to own a home, which is more likely to involve quality-of-life and wealth-accumulation goals rather than your tax bill. Read More
In many parts of the country, potential homebuyers have encountered a low number of homes for sale. According to many real estate analysts, the situation is unlikely to improve any time soon, as more Millennials decide they are ready to make their move into homeownership. Read More
NerdWallet has named New American Funding a two-time winner in its annual Best-Of Awards Program, which highlights the top financial companies and products nationwide for 2018. The consumer finance website selected New American Funding as a Best Mortgage Lender for First-Time Home Buyers with Low Credit Scores and a Best FHA Lender for Borrowers with Nontraditional Credit Histories. Read More
For the fifth year in a row, national mortgage lender New American Funding makes Scotsman Guide Top Mortgage Lenders list. The California-based company was ranked among entries from hundreds of mortgage companies across the country in the following categories: -Top Overall Volume: #14 - Retail Volume: #11 To view Scotsman Guide’s residential ranking, please visit: http://www. Read More
Mortgage Lender Aligns with NAHREP to Support Hispanic Wealth Project New American Funding joins the National Association of Hispanic Real Estate Professionals (NAHREP) in their commitment to increase Hispanic sustainable homeownership, and triple Hispanic household wealth in the next decade. NAHREP is a national advocate on housing policies affecting Hispanic homebuyers, and New American Funding has established an actionable plan in support of NAHREP’s Hispanic Wealth Project goal of achieving a 50% rate of US Hispanic homeownership. Read More
New American Funding, a national mortgage banker, has been named a winner in nine categories for the 15th annual Stevie American Business Awards?, which is the premier business awards program in the U. S. Read More
Recognizes Co-Founders on its 100 Most Influential Mortgage Executives List For the sixth consecutive year, Mortgage Executive Magazine (MEM) has named New American Funding to its list of Top 100 Mortgage Companies in America. The magazine also recognized Co-Founders of New American Funding, Rick and Patty Arvielo, on its list of 100 Most Influential Mortgage Executives. Read More
For a second consecutive year, the Los Angeles Business Journal has named New American Funding’s President, Patty Arvielo, as one of the Most Influential Lenders in L. A. Read More
Moving during childhood is something many of us did as kids. Whether a move is to a bigger home or a school district with more resources or related to a parent’s career or a change in marital status, it can be challenging for children. Read More
Soon the national conversation will turn to the vulnerability of top seeds, the “Sweet Sixteen,” and Cinderella stories. Many of us will pour over our brackets, taking part in March Madness, while the rest will be doing it out of a true love for the game. Read More
If you’re a Millennial and attended college, there is an excellent chance student debt is part of your financial life. Total U. Read More
When you’re ready to make a move, especially if it’s your first move into homeownership, you may think your budget will go farther if you focus on the condo market rather than on single-family homes. While a condo may very well be the right choice for you, be sure to weigh all the associated factors to determine the most livable housing solution. Read More
For 2017, the Pantone Color of the Year is “Greenery. ” The company chooses its annual shade of distinction based on cultural trends, and it singled out “new growth” as this year’s key theme. Read More
While you have until April 18 to file your tax return this year, you may want to consider just going ahead and getting it done now. The reason is a compelling one: If you’re getting a refund, the sooner you file, the sooner that money goes right back into your pocket for investing, saving, or spending as you wish. Read More
In the mortgage world, one area appears ready to take off: Property Assessed Clean Energy (PACE) loans. These loans, which first arrived on the scene in 2008, are gaining traction as a financing tool local governments can use to encourage energy-efficiency and water conservation-related improvements to both residential and commercial properties. Read More
Hispanic Millennial homebuyers are set to be a dominating force in the mortgage industry. However, many Loan Officers have failed to connect with this crucial demographic, and as a result have missed out on increasing their business volume. Read More
Many people have the false idea that being a landlord is as simple as quitting your day job and collecting checks every month. Don't let this day dream fool you. Read More
While we all know you can’t put a price on love, this Valentine’s Day U. S. Read More
Whether it’s a larger kitchen for future holiday entertaining or a wave of inspiration after visiting your in-laws’ new condo, you may find yourself ready to make some changes. Replace Versus Remodel When it comes to updating your home, the first question you need to ask yourself is, “How long do I plan to stay in this house?” You may be in your home for the duration, which means customizing it to your needs and personal tastes makes sense. Read More
Can your position in the birth order of your siblings—or not having any siblings—influence your money management style and the decisions you make around finance? Numerous academic studies—stretching over several decades—provide support for a link between birth order and money-management skills. It may not be a perfect fit, but it is a statistical one. Read More
New American Funding announced today that National Mortgage Professional (NMP) Magazine named it one of the 2017 Top Mortgage Employers in the country. This is the third year in a row that New American Funding has made the list, which is based on a survey of company employees in several categories including compensation, marketing support, company culture, and innovation. Read More
In recent decades, owning real estate has provided millions of people with an opportunity to create and retain personal wealth. For most, their home is their largest asset. Read More
While hosting an open house remains a tried-and-true way of connecting with qualified buyers and generating new client leads, results can vary. “An open house is not just about the house, it is an opportunity to grow your sphere of influence and build a stronger farm area. Read More
The first 100 days of the new administration begins as President Trump and his team race to action during this most influential time of his presidency. Leading into his inauguration, politics had dominated speculation over what executive orders and legislation would be the first order of business. Read More
As the saying goes, it takes a village. That’s the idea behind crowdsourcing, which has become an increasingly popular way for Real Estate Agents to harness the communal power of the Internet to help manage and market their businesses. Read More
Are you looking to buy your first home or refinance your existing FHA mortgage? Now may be the right time to lock in your rate. The Federal Housing Administration has decided to reduce the annual mortgage insurance premiums by 0. Read More
Whether it’s your nana, who has been coming through with a crisp $20 bill every birthday for years, or your unassuming father-in-law, if you are fortunate to be on the receiving end of help with a down payment, what’s your next move? After the expressions of heartfelt gratitude, it will require some strategy on your part. Next Steps It’s a good problem to have: family members or close friends who want to contribute to your down payment. Read More
The markets continue to make corrections in all areas as the new administration prepares to take office, and there are only a short 10 days until the inauguration of Donald Trump. What the world, and the markets for that matter, will look like are still under debate. Read More
Despite the increased access to housing information the Internet provides these days, a Real Estate Agent still plays a vital role in the home buying process. Many buyers and sellers believe they can do it alone, but it is nearly impossible to match the experience and expertise of a seasoned Real Estate Agent. Read More
If 2017 is the year you plan to make your big move—whether it’s into your first home, trading up to your dream home, adding a vacation home, or starting to accumulate an investment property portfolio—here are 10 resolutions that can help you get that much closer to achieving your goal over the next 12 months. Making Yourself at Home in 2017 Review your credit scores and history, improve their accuracy by addressing any errors, and then look for ways to improve your score. Read More
In honor of National Trivia Day, here are some facts about homeownership that may surprise you…or at least they will provide you with trivia to use throughout the day. Is patriotism at home in your town? There are 31 places in the United States that have “liberty” in their names. Read More
2017 is around the corner! While it’s a fresh start for the calendar, many of the trends that were already underway in the real estate market in 2016 may carry through to the New Year. Here’s what we see when we peer into the future. Read More
Of the many features of a home, there are several that are nearly universally valued by prospective homebuyers. One of these is a fireplace. Read More
Mortgage lending has its own language. It’s a language most clients don’t speak and may not be interested in learning. Read More
The question of whether we are right-brained or left-brained arises from the inherent need to understand ourselves better. It creates an easy shortcut for addressing choices we face in life—from which job to take to which stock to invest in, or even which home to buy. Read More
Once you have spent time finding the home you love, it's important to keep in mind that it will take some time before homeownership is a reality. House hunting begins the journey but the home-buying process is another step-by-step procedure. Read More
It used to be that home buying was regarded as the “adulting” step that came after marriage and before family. Today, not so much. Read More
As soon as that last piece of turkey is safely tucked away in the fridge, it feels like a bell goes off, giving you permission to spend. Let’s be honest—during the holidays you are going to spend on things like gifts, party giving, and party going. Read More
Tustin, CA – New American Funding, a national mortgage banker, announced today it won four awards in the 6th annual Best in Biz Awards, one gold, two silvers, and one bronze. As a result, New American Funding joins the prestigious list of five most awarded companies in this year's competition. Read More
Study after study continues to reveal that millennials are citing student loan debt as a huge obstacle to home buying. Nevertheless, millennials are currently the largest home buying generation in the country, making up 35 percent of all buyers. Read More
A fixed-rate mortgage is an ideal choice for homebuyers who seek the security of unchanging monthly payments and protection from inflation-based adjustments to their loans. Once you have decided you prefer a fixed-rate mortgage over an adjustable-rate loan, you then have to determine the number of years you want to spend paying it back. Read More

Feeds

MBS RECAP: Might as Well Hit This Weekend With Some Hope

Posted To: MBS Commentary

By today, it became clear that bonds were fully locked into a sideways consolidation in a range defined by the highs seen on Wed/Thu and the lows marked by the 3.06% technical levels. Of the past 3 sideways days, today was the least volatile and most lenders saw fit to offer just slightly stronger rate sheets despite 'unchanged' levels in bond markets. Consolidations like this can happen simply because markets are catching their breath after a strong move or because they're settling down ahead of the next event that might cause a strong move. If we're dealing with the latter, the event in question is likely to be Wednesday's Fed events (announcement, press conference and updated rate hike outlook). Of those three, it's the(t "dots" he dot plot that conveys...(read more)

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Best Day of a Rotten Week For Mortgage Rates

Posted To: Mortgage Rate Watch

Mortgage rates actually fell today, on average--something they haven't been able to say all week, or indeed at nearly any time during the past 4 weeks. Yesterday, in particular, was the worst day for rates since 2011 for most lenders, with anything less than an ideal loan scenario garnering 30yr fixed quotes of 4.875% to 5.0%. With all of the above in mind, today's token improvement isn't necessarily exciting, but at least it's better than the alternative. Much of this week's rapid rise was seen in the first half of the week. Starting on Wednesday afternoon, markets began settling into a more sideways pattern, apparently getting in position for more volatility in the coming week. If there's an event that's likely to serve as the catalyst for that volatility, it's the Fed Announcement on Wednesday...(read more)

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