Mortgages Behind The Curtain

In this market, it does take courage. In this episode, mortgage broker Stan Hook challenges you to be a warrior. To not back down and instead, face the headwinds to find the home of your dream.He reminds you that you marry the house, but you date the mortgage. A lower mortgage will be around the corner. But the house should stay with you for years to come.----I'd also love to hear your questions on buying in this market. If you would like, feel free to email me at SHook@allcalifornia.com.Contact Stan Hook at stanhook.comDRE License #01150424    NMLS #287118“Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.”

Mortgage Broker Stan hook is looking to answer your mortgage questions in future episodes of the podcast. Are you confused by specific wording in the mortgage world? Not sure of even where to start? After 30+ years in the mortgage-based industry, Stan is here to help you make sense of the mortgage world. Email Stan at SHook@allcalifornia.com your question and he will do his best to answer it on a future episode. Thank you!DRE License #01150424    NMLS #287118“Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.”

Considering at putting 10% down on a house? Here are three loan options that you can choose from. Mortgage Broker Stan Hook breaks down the 3 options and looks at the pros and cons of each one of them.----I'd also love to hear your questions on buying in this market. If you would like, feel free to email me at SHook@allcalifornia.com.Contact Stan Hook at stanhook.comDRE License #01150424    NMLS #287118“Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.”

In this episode, Stan looks to 2023 (recorded in mid-December) and speculates what the market will look like. He reviews others who have predicted whether the housing market will be a boom or a bust and so much more.I'd also love to hear your questions on buying in this market. If you would like, feel free to email me at SHook@allcalifornia.com.Contact Stan Hook at stanhook.comDRE License #01150424    NMLS #287118“Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.”

I know it all sounds like doom and gloom out there in the real estate world. But I wanted to shed some light and bring you some positive aspects to buying a home in a high interest rate market. I'd also love to hear your questions on buying in this market. If you would like, feel free to email me at SHook@allcalifornia.com.Contact Stan Hook at stanhook.comDRE License #01150424    NMLS #287118“Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.”

Are you crazy for thinking you can buy a house in today's market? The answer is yes. The good part about buying today is that there is a lot less competition. True, the interest rates are higher. Yet try to focus on 5-10 years down the road. I wanted to give you a helpful chart of the probability of a recession, from New York Fed: https://stan-hook.ck.page/576308d741It's my hope that this will help you feel more comfortable buying a house in today's market.Contact Stan Hook at:SHook@allcalifornia.comand at stanhook.comDRE License #01150424    NMLS #287118“Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.”

In this episode, Stan discusses the pros and cons of buying a house this fall. Yes, interest rates are high, but they will come down. The important part is to focus on the bigger picture. Where you want to live. If you can afford a house today, in a few years, the rates will decline, resulting in an eventual lower payment.Do you have questions or want to work with Stan Hook on buying or refinancing a home?Contact Stan Hook at:SHook@allcalifornia.comand at stanhook.comDRE License #01150424    NMLS #287118“Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.”

Stop reading all of the headlines. The sky is not falling and 2008 isn't going to happen again. Yes, interest rates have increased but housing prices have softened a bit, bringing more inventory into the market.In this episode, mortgage broker Stan Hook will reassure you that the market is alright. And now, like yesterday and the week prior, is still a great time to get into the market. Do you have questions or want to work with Stan Hook on buying or refinancing a home?Contact Stan Hook at:SHook@allcalifornia.comand at stanhook.comDRE License #01150424    NMLS #287118“Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.”

There's a lot of factors that determine a mortgage rate. But there is one giant factor that is calculated into the rate—and you get to control it. Any guesses on what it is? The answer is your credit score. And while it might not be stellar. A well-maintained credit score is invaluable. Be careful how you use credit cards when you go to apply for a home loan.Stan will discuss a few things to be mindful of when applying for that loan. Do you have questions or want to work with Stan Hook on buying or refinancing a home?Contact Stan Hook at:SHook@allcalifornia.comand at stanhook.comDRE License #01150424    NMLS #287118“Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.”

It's July of 2022 and rates have gone up. But don't panic. Yes, that's true. Don't panic. Focus on your long term goal of buying the house of your dream. You can always refinance when rates drop. And history has shown that they do and will. In this episode, Stan gives some reassurances on the fact that you still can get into the house you've always wanted to, plus some optional ways to do so. What is your take on the market? Stan would love to hear from you: shook@allcalifornia.comDo you have questions or want to work with Stan Hook on buying or refinancing a home?Contact Stan Hook at:SHook@allcalifornia.comand at stanhook.comDRE License #01150424    NMLS #287118“Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.”

In this episode, Stan talks about how the market is somewhat on a roller coaster of a ride. But at the end of the day, the roller coaster does come to the end. The end of the ride, metaphorically, is you, finding and securing that house of your dreams. Do you have questions or want to work with Stan Hook on buying or refinancing a home?Contact Stan Hook at:SHook@allcalifornia.comand at stanhook.comDRE License #01150424    NMLS #287118“Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.”

In this episode, Mortgage Broker Stan Hook explores how having a less-than-perfect credit score can dramatically impact the rate that you pay for your mortgage. He'll go over how to check your credit (for free) and the ways that credit is calculated. Do you have questions or want to work with Stan Hook on buying or refinancing a home?Contact Stan Hook at:SHook@allcalifornia.comand at stanhook.comDRE License #01150424    NMLS #287118“Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.”

In this episode, Stan talks about how it might be a good idea to be a Contrarian when it comes to purchasing a home. Yes, offering up more than the purchase price is a good thing, but are you offering up too much? Do you have questions or want to work with Stan Hook on buying or refinancing a home?Contact Stan Hook at:SHook@allcalifornia.comand at stanhook.comDRE License #01150424    NMLS #287118“Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.”

In this episode, Stan talks about questions you should ask your broker when working to secure a mortgage. He will go over answers to them and what to expect when you are asking the tough questions. To Stan, it's important for clients to ask the correct questions. The mortgage process can be overwhelming and it is his goal to make it as easy as possible. Do you have questions or want to work with Stan Hook on buying or refinancing a home?Contact Stan Hook at:SHook@allcalifornia.comand at stanhook.comDRE License #01150424    NMLS #287118“Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.”

Buying a home is probably going to be the single biggest financial transaction you're going to conduct. So it's important to know some of the lingo and the terminology that goes along with the process. Stan breaks down some of the information you'll want to understand as you go into buying your dream home.For more information, contact Stan Hook at:SHook@allcalifornia.comDRE License #01150424    NMLS #287118“Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.”

In this episode, Stan breaks down the components to buying a home in 2022. What should you look for? What's important? He talks about the need for a great realtor but also working with your mortgage broker is paramount.For more information, contact Stan Hook at:SHook@allcalifornia.comDRE License #01150424    NMLS #287118“Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.”

Are mortgage rates going up in this time of inflation or are they going down? Mortgage broker Stan Hook talks about how mortgages work and how they are and aren't affected by inflationary rates.For more information, contact Stan Hook at:SHook@allcalifornia.comDRE License #01150424    NMLS #287118“Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.”

When it comes to buying a home, guesstimating how much you make and having a rough estimate on how much you have in credit cards isn't going to cut it. If you are employed via a W-2, look at your last few paystubs and see what your net take home pay is. For self-employed people, what is your true net take home pay. Those deductions you are taking to lower your taxes equates to a lower amount you are able to borrow, respectively.For more information, contact Stan Hook at:SHook@allcalifornia.comDRE License #01150424    NMLS #287118“Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.”

The underwriter of the mortgage will get to know you almost better than you know you. Are you divorced or in the process? Do you have the documents and the paperwork to show you actually are? A handshake and an agreement is not enough to satisfy the underwriter in order to get the mortgage or re-fi.For more information, contact Stan Hook at:SHook@allcalifornia.comDRE License #01150424    NMLS #287118“Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.”

In this episode. Stan talks about the bigger picture around buying a home. It might be good today, but what is coming down the road?For more information, contact Stan Hook at:SHook@allcalifornia.comDRE License #01150424    NMLS #287118“Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.”

In this episode, Stan explores the reasoning for why it can be so difficult to getting the mortgage process started. He looks at his own life and sees correlation between his starts and stops and with the mortgage process. For more information, contact Stan Hook at:SHook@allcalifornia.comDRE License #01150424    NMLS #287118“Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.”

How does the Fed and the economy affect mortgages? Learn how all 3 work together in this edition of Mortgages behind the curtain.For more information, contact Stan Hook at:SHook@allcalifornia.comDRE License #01150424    NMLS #287118“Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.”

In this episode, Stan Hook breaks down the importance of having Freddie Mac and Fannie Mae in the mortgage world and how valuable they still are. For more information, contact Stan Hook at:SHook@allcalifornia.comDRE License #01150424    NMLS #287118“Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.”

These days houses are being bought up faster than ever. Do you have what it takes to be a successful buyer? It all starts at the mortgage level and that's where Stan comes in. He'll break down what it takes to get the house that you want—what are your "must haves" vs your "I could live without it."For more information, contact Stan Hook at:SHook@allcalifornia.comDRE License #01150424    NMLS #287118“Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.”

Buying a home when you are self-employed is completely different from if you are a W-2. Mortgage broker Stan Hook breaks down what is needed when you are looking at purchasing a home and you're self employed. For more information, contact Stan Hook at:SHook@allcalifornia.comDRE License #01150424    NMLS #287118“Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.”

In this episode, Stan breaks down the alternatives to mortgage insurance. He discusses the other options you have to insuring your home while not using mortgage insurance. Another discovery from behind the curtain! For more information, contact Stan Hook at:SHook@allcalifornia.comDRE License #01150424    NMLS #287118“Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.”

In this episode, Stan breaks down why mortgage insurance isn't always the worst thing in the world. People assume that you should always try to get around mortgage insurance, but Stan breaks down how that isn't always accurate. You have to break down the pros and cons of it. For more information, contact Stan Hook at:SHook@allcalifornia.comDRE License #01150424    NMLS #287118“Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.”

In this podcast, Stan reflects back to previous years in the mortgage business to project what he sees moving forward in 2021. Through his multiple decades in the mortgage world, Stan has seen the ups and the down. Learn what he thinks 2021 will hold.For more information, contact Stan Hook at:SHook@allcalifornia.comDRE License #01150424    NMLS #287118“Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.”

Confessing your Life and then some. All of these are real loan experiences, some the loan survived, other the loan ended right then and there and was not able to be completed. In this week's podcast, Stan explores the following:Lenders find out more about you than you know about yourselfWhen meeting with a lender, consider who you include in the meeting as the questions will get personal. You will be an open book.Credit report will pull up any name from the past (maiden, past married name, aka's used in Las Vegas)Are you retiring or changing jobs in the next 60 days? Lenders always re-verify employment at the time loan papers are signed.You bought the home when single, now married living in a Community Property State. Your spouse will have to sign something, either to remain not on Title or to be added to Title.DO NOT even shop for car. New car payment could make the total debt to high and disqualify one from a mortgage.Employee for many years, now, with others, buying out the retiring owner. As soon as the “sale” is signed, one is now “Self-employed”, very different income requirements for the lender.The Property/Appraisal:  bathroom in the middle of being remodeled.   Interior stairs accessing up and down rooms have been removed.    Front door replaced with plywood because a bear tore off the front door. For more information, contact Stan Hook at:SHook@allcalifornia.comDRE License #01150424    NMLS #287118“Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.”

In this week's episode, Stan shares a story, one of his favorites, of a success story from his clients (the names have been changed to protect the innocent). Follow along with Stan as he discusses mortgages behind the curtain.For more information, contact Stan Hook at:SHook@allcalifornia.comDRE License #01150424    NMLS #287118“Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.”

In this episode, Stan talks about:Steps to buying a homeFinding a lenderMeeting with a LenderGetting a pre-approval For more information, contact Stan Hook at:SHook@allcalifornia.comDRE License #01150424    NMLS #287118“Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.”