Top 3 Mistakes Homeowners Make when Refinancing

Top 3 Mistakes Homeowners Make when Refinancing

  Number 1: You choose the wrong company It’s as simple as that. According to the CFPB, 47% of mortgage applicants fail to shop around for their mortgage. Most often, homeowners will refinance with their existing lender, thinking that lender will offer the...
SELFi vs. Better Mortgage: Who’s better?

SELFi vs. Better Mortgage: Who’s better?

Here’s how SELFi compares to Better Mortgage: 1. Interest Rates Let’s cut right to the chase. First, how the business models differ: SELFi is a marketplace that shops wholesale interest rates across 30 lending partners, using an algorithm to match the...
How to buy a home in Oakland with 3% down

How to buy a home in Oakland with 3% down

Often the biggest misconception of first-time home-buyers is the down payment. Some think it’s 20%, others think it’s 0%. Here’s the real deal: For mortgages $484,350 and below, there are two programs called HomeReady and HomePossible. There are some minor...
SELFi vs. LendingTree: Comparison

SELFi vs. LendingTree: Comparison

Everyone knows that comparison shopping saves them money, yet when it comes to mortgages, many people don’t. According to a report by the CFPB and Federal Housing Agency, 50% of consumers failed to shop around with mortgage companies before...
Do you know about wholesale interest rates?

Do you know about wholesale interest rates?

I always tell people, the biggest competition for SELFi is consumer misunderstanding. The more knowledgeable a customer is about mortage rates, the more likely SELFi will earn his or her business. So we are in the education business just as much as the mortgage...
5% Down Jumbo Loan Available in San Francisco in 2019

5% Down Jumbo Loan Available in San Francisco in 2019

Often the biggest barrier for first-time home-buyers in San Francisco is the down payment. Traditional banks usually require 20% down. In San Francisco, the median home value is a whopping $1.14 million, where a 20% down payment equates to $228,000.   5% Down, No...