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3 Jul 2019

What You Should Know About Escrow Accounts

Today, let’s talk about some of the advantages and disadvantages of escrow and impound accounts. Here’s what you need to know. An escrow, otherwise known as an impound account, actually relates to who is in charge of paying for the property taxes on a home, as well as the homeowners insurance. So will you pay […]

20 Jun 2019

How Does a Lender Look at Your Income?

The way you earn your income is a big factor in getting qualified for a mortgage loan. Here’s why. I’ve discovered that we all earn income differently. So today I wanted to spend just a couple minutes to talk about the different kinds of income we can have and how we in the lending world […]

7 Jun 2019

When Can You Remove Your Mortgage Insurance

For most homebuyers, mortgage insurance doesn’t last forever. Here’s when you can remove it. For most of us, the answer is no. Eventually, you have the option of removing it. The lone exception, however, is if you used FHA financing and a low down payment for your mortgage. For those homebuyers, their mortgage insurance lasts […]

24 May 2019

What Is Mortgage Insurance & How Does It Work?

You’ve probably heard of mortgage insurance, but might not understand what it really is. Today we’ll explain what mortgage insurance is and why it matters. Simply put, it’s an opportunity to buy real estate with less than 20% down. Say you were enlisting my help in buying a $400,000 home and we were making a […]

9 May 2019

Can You Live in a Home in L.A. for Less Than $100 a Month?

Is it possible to find a place in L.A. that’s under $100 a month? That silly question brought something else to mind: a special loan program we use that allows buyers to get into a four-unit home with just a 5% down payment, rather than the traditional 20% requirement. In fact, from that 5%, only […]

30 Apr 2019

Trended Credit Data Gives Us a BIG Opportunity

By taking advantage of trended credit data, you could come out on top. Here’s how. This term refers to the new way that lenders are able to assess your credit behavior over a period of two years. They can tell exactly how we use our credit cards. “ Your credit behavior is a big […]

9 Apr 2019

What Homebuyers Need to Consider Before Buying a Home

Here’s a great question that I’m frequently asked: Is it a good time to buy real estate? Today I’ll discuss my thoughts. Is now the right time to buy real estate? I have a funny feeling that many of us real estate professionals will answer this question differently, but allow me to share my thoughts […]

For information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Scott Griffin Financial, Inc, | (818) 20-SCOTT | California DRE #02035265 | NMLS #1633936 www.nmlsconsumeraccess.org | Equal Housing Opportunity.