avatar of 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. NMLS # 662141

Can I Get a Government Loan to Pay Off Debt?

When you want to apply for a mortgage, there are many things to decide. One of them is whether you want to get a government loan, which means it is backed by a US government entity. Or, you can obtain a conventional mortgage that adheres to Fannie Mae and Freddie Mac guidelines. Many people get… Read More »

VA Home Loan Requirements 2024

There are many reasons why VA loan requirements are so attractive to home buyers with military credentials in 2024. The U.S economy is booming again, the housing market is soaring and eligible VA home loan applicants have access to arguably the best mortgage to refinance or buy a house this year. When most people look… Read More »

Can you Refinance a FHA Mortgage to a Conventional Home Loan?

Many homebuyers don’t have a 20% down payment or high credit score, so they turn to FHA loans to buy their home. FHA mortgages have many advantages, but they may have higher annual costs than conventional loans in many cases. So, it can be beneficial when your credit and financial situation improves to refinance an… Read More »

No Closing Cost Refinance Mortgage

Before applying online, you should learn about the pros and cons of no closing cost mortgage refinance loans. Many Americans today are looking for no cost refinance mortgages to take full advantage of super low interest rates. Borrowers cherish refinancing with a no closing cost mortgage because they can potentially lower their monthly payment without… Read More »

Shop for the Best Refinance Mortgage Rates

It no secret that finding the best interest rate when refinancing your current mortgage starts with the shopping process. Not all banks and  lenders offer the same refinance mortgage rates. Some companies are more aggressive than other banks and factors like credit scores and loan to value are part of the equation for consumers to… Read More »

Secrets to Securing the Best Deal on Your Next Refinance Mortgage

In 2023, interest rates for refinancing have moved considerably higher, with conventional 30-year mortgage rates in the 6% range. If you are considering a refinance mortgage because you want to secure a low interest rate, you may want to get rolling sooner than later. There have been reports that refinances have dropped off as people… Read More »

Does Refinancing a Mortgage Hurt Your Credit?

If you decide to refinance your mortgage, it can have a small influence on your credit score. However, if you refinance on a regular basis, it can have a more substantial effect. When you refinance your mortgage, the mortgage lender will pull your current credit report. This will put a hard credit inquiry on your… Read More »

How to Buy a House with Little Money Down and Average Credit Scores

One of the biggest barriers to buying a home for many Americans is the down payment. But many first-time home buyers have misconceptions about the down payment that is required, as well as what credit scores are needed. According to the National Association of Realtors, 85% of first time buyers think they need 10% down… Read More »

How to Refinance a VA Mortgage Streamline with No Equity

by Tom Murphy Home Services Lending Just like any mortgage, a VA mortgage (backed by the US Veterans Affairs Administration) can be refinanced. Refinancing a VA loan tends to be easier because VA loans are considered a benefit of your military service, and are easier to qualify for than conventional loans. Even if you have… Read More »