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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 mortgage 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
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...
Conforming loan limits increase in response to surging home prices
For the third consecutive year, the Federal Housing Finance Agency (FHFA) increased loan limits for Fannie Mae and Freddie Mac backed mortgages. The conforming loan limit will jump from $453,100 to $484,350. For high cost areas, like the Bay Area, the loan limit will...
3 Ways to take Cash-Out of your Home if you are Unable to Refinance
Okay, so you have equity in your home, you need cash, but you’ve been told that you do not qualify for a cash-out refinance or a home equity line of credit. What are your options? First, exhaust your refinance search A cash-out refinance is usually the least expensive...
How to qualify for an FHA or VA loan with a 500 credit score
You applied for an FHA or VA loan, but your lender said your credit score is too low. Here is the number one thing you need to know: The minimum credit score may be a lender overlay. What are Lender Overlays? Lender overlays are more stringent standards than investor...
Your Current Lender Desperately Wants You to Refinance… Why?
If you have a mortgage, there is a good chance you’ve been approached with offers to refinance from your current lender. You may think, “Since they’re my current lender, they’ll be able to offer me the best deal.” Think again. Blindly staying with your current lender...
The Truth about Skipping Two Payments when Refinancing
A common misconception among homeowners is whether they can skip payments when refinancing. After all, who wouldn’t want to go a couple months without a mortgage payment? The short answer is: Yes, you can go two months without a payment, however, no payments are...
Why I left my senior position at a bank to start SELFi
SELFi started with a simple idea: to offer the absolute lowest interest rates. That’s it. You see, I had worked for mortgage lenders that charged higher than market rates and it didn't feel good knowing customers could get a better deal elsewhere. I felt that the best...
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