Author Archives: Tom Murphy

About Tom Murphy

Tom Murphy grew up in La Jolla, California surfing and carving his niche in the local real estate market. Mr Murphy has a stellar record as a loan officer with over a decade of experience helping people secure the right home loan. He now works at Movement Mortgage in Carlsbad CA.

How to Finance an Apartment or Multi-Family Residence

You can get an apartment loan or multi-family financing that is either short term or permanent to fund the purchase or renovation of the building, with rates that typically range from 5% to 12%. Investors usually use the financing of apartment buildings to buy properties with more than five units to produce cash flow and… Read More »

Everything You Need to Know About Vacant Land Loans

Buying a piece of land allows you to build your dream home or to simply maintain a piece of nature. But land can be pricey in higher demand areas, so you cold need to find a vacant land loan to fund your purchase. You might think that a land loan will be easy and low… Read More »

How Much Savings Do You Need for Home Loan This Year?

Most Americans need to get a mortgage to buy a home; current statistics state that 87% of home buyers use mortgage financing. But it is rare in 2018 to be able to buy a home for 100% of the purchase price. In most instances banks and lenders want the borrower to have skin in the… Read More »

4 Helpful Tips to Qualify for a Great Mortgage After a Bankruptcy

If you are like millions of Americans after the last financial downturn, you may have had to file for bankruptcy. Whether you could not keep up with your mortgage or had financial problems with your business, having a bankruptcy on your credit report can complicate getting a mortgage loan. But it is not impossible by… Read More »

Pros and Cons of Paying Off Your Mortgage Loan Early

If you are like most Americans who own a home, you probably have a mortgage. As the years go by, you may wonder if it is worth it to pay off your mortgage ahead of schedule. This may be a possibility for some homeowners who come into a lot of money through an inheritance or… Read More »

Guide to Mortgage Loan Calculators in 2019

Most people wanting to buy a home with a mortgage usually have two major concerns: How much will the interest rate be, and can I afford the monthly payments? There are many good online mortgage calculators that can assist you in making these important financial calculations when you are deciding to buy a home. There… Read More »

10 Ways to Get Approved for a Home Loan the First Time

Are you in the market for a home loan in the new year? Whether you are buying your first home or refinancing your existing one, you can improve your odds of being pre-approved for a home loan this year if you follow our helpful tips below. #1 Make Sure You Know Your Credit Score As… Read More »

8 Easy Ways to Save Money Refinancing Your Mortgage

Are you considering a refinance of your mortgage? Interest rates are very low in 2018 but could rise soon, so now may be the time to apply for a refinance mortgage. If you are considering a home refinance, you will want to save as much money as you can to make the process worth it.… Read More »

What Are the Down-Payment Requirements for Fannie Mae in 2019?

Home buyers purchasing a home with a conventional loan want to know that the down payment requirements are for a Fannie Mae loan in 2019. Below is more information about what the minimum down-payment rules will be for most borrowers qualifying for a Fannie Mae home loan this year. A conventional home loan is not… Read More »

Update on HARP Refinance Loan Programs Extended for 2019 and Beyond?

The HARP refinance program was going to expire on September 30th. The Federal Housing Finance Agency announced recently that it would extend the Home Affordable Refinance Program or HARP 3.0 through the end of last year. This is good news for people who are struggling with their mortgage and who owe more on their home… Read More »

6 Steps to Get a Loan for a House in Today’s Market

Economic activity in the US is definitely on the rise. For all of 2018, it is likely that the US will have grown at a 4% rate or higher, which has not been seen for more than a decade. This means it is likely that home sales will grow in 2018. If you are one… Read More »