Scott Storace - Branch Manager, 100 Pacifica Drive Ste. 140, Irvine CA 92618 NMLS #226339 949.973.0141
Orange County Home Mortgage
"From the minute you call me to the minute we close, I have your back. No hassles, no banker’s hours & quick response times." - Scott Storace
- Fast Loan Approval & Funding *
- Flexible Home Loan Options
- Home Loans up to $3,000,000
- Interest Rate Float Down Option
Facing a Low Inventory Market
Are you struggling in this low inventory environment? Is it increasingly difficult to find the right property for your buyers? We hear about it all the time from our agents and we are getting loads of questions about it from our clients as well.
It seems like there are just not enough homes on the market. Or maybe the properties that are available do not fit your clients individual...[...]
Getting to Your Desired Down Payment
Down payment got ya down?
You have a great job so the monthly payment won’t be an issue. Your credit is in good shape and you feel you can qualify for a mortgage. The last bump in the road for you is the down payment. It can be a challenge to come up with a large sum of money all at once. Lucky for you, we have a few ideas that might make it easier to get to your desired down...[...]
Posted by Scott Storace in Down Payment, Mortgage Information
The American Dream
Why do people want to buy real estate? It is a great long term investment. You aren’t paying for someone elses mortgage, you are building your own equity. No fear of rent increase every year. But I feel it’s not just investing in your own home that is 100% of the appeal. People want rental income. Using real estate to build wealth with an investment property is a significant...[...]
Feds Vote to Raise Rates
Feds Raise Rates –
The Federal Open Market Committee committee voted to raise the Fed Funds rate by .25%, bringing the range to 1.50% -1.75%. This is the sixth time they have voted to raise rates since December 2015. In a statement released after today’s meeting the committee is quoted as saying. “The economic outlook has strengthened in recent months,…”...[...]
How Jerome Powell Could Affect Your HELOC
Who is Jerome Powell ?
Jerome Powell isn’t quite a household name. Probably because he has only been the Chairman of the Federal Reserve for several weeks.
How will his decisions impact our industry?
Well if we had a crystal ball to peer into…we would already be rich, right? So far he is holding steady with similar ideas to his predecessor, Janet Yellen. He might be even more...[...]
Posted by Scott Storace in Mortgage Information
A Fresh Look at VA Loans
It might be time to take a fresh look at VA loans!
VA loans and Government loans in general might give you pause when an offer with one crosses your desk. But why? Did a bad experience or even a story overheard years ago leave you with a negative impression about the VA home loan process? We all know there are many benefits to the VA loan program. We would love the opportunity to dispel...[...]
Posted by Scott Storace in VA Home Loans
Cash or Financing?
Knowing your options enables you to make the right decisions.
The application of knowledge is power. Especially when that knowledge relates to your home buying options. It would seem obvious that paying cash outright for a property is the best way to purchase a home but there are many factors to consider. Cash offers are great for winning bidding wars but might not make the most...[...]
Posted by Scott Storace in Mortgage Information
The Secret to Working With Millennial Buyers
We have all heard that millennial buyers are unlike any other consumer group. How can you work with something you don’t understand?
Truth is, if you don’t understand your clients, finding any level of success will be very difficult. You must work to achieve some level of understanding of a thing in order to utilize it. From cars to clients, we research, we read, we listen, we learn...[...]
Posted by Scott Storace in Mortgage Information
Mortgage Insurance Alternatives
We have all heard about mortgage insurance. And most people know they aren’t excited about it. It can be very expensive, adding hundreds of dollars to your monthly payment. One of the oldest home buying myths is that you shouldn’t set foot into an open house until you have 20% for the down payment sitting in your savings account. This 20% was required to avoid paying Private...[...]
Posted by Scott Storace in Conventional Loans, Mortgage Information
USDA Renovation Loan
A USDA renovation loan is a great option for home buyers who are looking to purchase property in a rural area. This kind of loan offers flexibility for borrowers who may not normally be able to purchase a home due to income or credit limitations. Below we discuss two types of USDA renovation loans- Buyer/Seller option and the Escrow Holdback option.
USDA Buyer/Seller
Oftentimes, as a...[...]
Posted by Scott Storace in Home Repairs & Renovations, Mortgage Information
Latest News
Facing a Low Inventory Market
Are you struggling in this low inventory environment? Is it increasingly difficult to...[...]
Getting to Your Desired Down Payment
Down payment got ya down?
You have a great job so the monthly payment won’t be an...[...]
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