Scott Storace - Branch Manager, 100 Pacifica Drive Ste. 140, Irvine CA 92618 NMLS #226339 949.973.0141

"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

  • Home Loans up to $3,000,000
  • Interest Rate Float Down Option

Have Questions? Call 949.973.0141

Mortgage Information Category

This category contains general mortgage information that will cover broad mortgage topics.

Equity Share Home Loan Program

Link to Equity Share Home Loan Program Are you struggling to hit your desired down payment? Is down payment keeping you out of the right home for your family? Are you worried about mortgage insurance? Is a small amount meaning the difference between your dream home and not-quite-what-you-want home? Imagine someone offering to double your down payment. Imagine being able to purchase a home with 20% down instead of 10% down....[...]

Borrowing on the Margin

Have you ever considered borrowing on your investments otherwise known as borrowing on the margin ? Would you ever consider using a margin loan to buy a home? What is a margin loan? A margin loan is borrowing against the value of your stocks, bonds or mutual funds. Individual brokerages will decide which of these they are willing to loan on and what percentage. Typically, securities...[...]

Purchasing a Home With Pledged Assets

Link to Purchasing a Home With Pledged Assets What are pledged assets? A pledged asset is what is transferred to a lender in order to secure debt. A pledged asset mortgage is a type of home loan that is secured with assets or securities, rather than liquid funds.  Qualifying funds may not be from a 401k or an individual retirement account (IRA). Pledged asset funds may also be used to help a qualifying relative purchase a...[...]

Home Loans Using Trust Income

Link to Home Loans Using Trust Income As we have previously shared, purchasing a home outright with cash doesn’t always make the most financial sense. Recently we have had some experiences with borrowers who have assets but do not have W-2 income, nor are they independent contractors or self-employed.  For these clients who would prefer to finance their home purchase, this lack of traceable income can be a speed bump on...[...]

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...[...]

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

Link to 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...[...]

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...[...]