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Market Commentary
A written dialogue discussing the effect the Federal Reserve is having on mortgage rates


Steve Lewis
Mortgage Loan Originator
Sierra Pacific Mortgage
Rancho Bernardo Branch

11770 Bernardo Plaza Court #451
San Diego CA 92128

O: 858.225.5604
C: 619.857.9268
F: 858.225.0404
Email:
Team.Lewis@SPMC.com
Website:
www.SteveLewisLoans.com

NMLS# 300313
Branch NMLS# 279118
Company NMLS# 1788

Licensed under the
CA DBO/RMLA #8171148;
Not Licensed in the state of New York.

Equal Housing Lender

 
     
Market Commentary
A written dialogue discussing the effect the Federal Reserve is having on mortgage rates


Steve Lewis
Mortgage Loan Originator
Sierra Pacific Mortgage
Rancho Bernardo Branch

11770 Bernardo Plaza Court #451
San Diego CA 92128

O: 858.225.5604
C: 619.857.9268
F: 858.225.0404
Email:
Team.Lewis@SPMC.com
Website:
www.SteveLewisLoans.com

NMLS# 300313
Branch NMLS# 279118
Company NMLS# 1788

Licensed under the
CA DBO/RMLA #8171148;
Not Licensed in the state of New York.

Equal Housing Lender

Homeowners Insurance Information
When you insure your home, you should insure your home for the total amount it would cost to rebuild your home if it were destroyed.

12 Ways to Save Money on Homeowners Insurance
Friends, family, the phone book and the Internet are some of the sources you can use to find homeowners insurers.

PMI Cancellation
Mortgage insurance can usually be canceled by the home buyer after he or she has at least 20 percent equity in the home.

Private Mortgage Insurance vs FHA Mortgage Insurance
Although the insurance protection concept is similar, there are differences between private mortgage insurance and FHA mortgage insurance.

Private Mortgage Insurance (PMI)
Private mortgage insurance is a type of insurance that helps protect the mortgage company against losses due to foreclosure. This protection is provided by private mortgage insurance companies and allows mortgage companies to accept lower down payments than would normally be allowed.

PMI Payment Options
Private mortgage insurance can be paid on either an annual, monthly or single premium plan. Premiums are based on the amount and terms of the mortgage and will vary according to loan-to-value ratio.

Title Insurance
A policy of title insurance is a contract of indemnity between the insured and the insuring company relating to the title to the land described in the policy, protecting the insured against loss of damage by reason of defects.

Title Insurance Protection
Title Insurance insures that the "record" title is good subject only to the exceptions expressly set out in the policy. It also insures against certain matters which do not appear of record, such as forgery and identity of parties.

Issuance of Title Insurance Policy
An owner's policy protects only the owner while a mortgage policy protects only the holder of the mortgage on the property. Separate policies are required to protect both interests.

Title Insurance FAQ
Get answers to common title insurance questions.

Flood Insurance
Fooding is not covered by a standard homeowners insurance policy.

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