American Family Funding Recent Articles:
Reverse Mortgages: Are They Right For You or Your Loved Ones?
Read moreIf you’re unfamiliar with how a reverse mortgage works, or unaware of the benefits that they can offer homeowners aged 62 and older, you’d be wise to begin to learn a bit about them now. You will likely have a loved one who may need a reverse mortgage in the…
Q and A With Leaders, Innovators and other Notables
Read moreFred Kreger, CMC, incoming CAMP President (and branch manager of American Family Funding in Santa Clarita, Calif., a division of American Pacific Mortgage) Q—How has the mortgage broker’s role changed? A—There has definitely been a major change over the last five years. It’s a good idea to clarify that the title “broker” is now…
Reverse Mortgages: Great Options, Great Rates, Increased Cash Flow
Read moreBy now you have undoubtedly heard that interest rates on mortgage loans are at some of the lowest rates in half a century. From purchase loans to refinances, rates remain below 5 percent. But what you may not know is that interest rates on reverse mortgages are also now at the lowest rates in…
Preserving Mortgage Origination Choices for Today’s Consumer
Read moreSACRAMENTO, CA – mortgage professionals throughout California are taking a huge sigh of relief as United States Congressman Gary Miller introduces his “Preserving Consumers’ mortgage Origination Choices Act of 2011” (H.R. 2509). H.R. 2509 makes clarifications to the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) language regarding compensation for mortgage originators. As members of…
Foreclosures and Short Sales Boom: What to Know Before You Buy
Read moreIn the April issue of the Santa Clarita Valley Business Journal, we discussed the advantages of purchasing a short sale or foreclosure. Because there are so many advantages, thousands of people are opting to purchase these types of properties today, meaning there are often multiple offers on these properties. To that end, in this…
Finding the Perfect Home versus Finding the ‘Perfect Deal’
Read moreIn last month’s column, I mentioned that in today’s market, it is far more important homebuyers focus on finding the right property than it is to spend time trying to obtain the “perfect deal.” In a perfect world, you would find the perfect home and it would be a “perfect deal”…