NMLS: 365178

A Los Angeles based lending team specializing in conventional and FHA purchase mortgages. The Groves Lending team can manage the entire loan process providing clients with efficiency and accuracy.

Summer Is Coming

School is ending, vacation time is here and the busy season for real-estate is upon us.   I’ve read reports that up to 60% of home-buyers wait until summer to make a move. Here are the top three things buyers can be doing to ensure they are in the BEST possible position to get an offer accepted and close escrow on a house within 30 days. Ensure your pre-approval is UP-TO-Date –  It should go without saying!! Every buyer should check with their lender – hopefully it’s me – to ensure his or her pre-approval is up-to-date.  The tax filing … Continued

Your Home – Should You Buy, Sell or Renovate???

There is a lot of hesitation and trepidation in the market right now. Lot of borrowers (and some Realtors) have been calling me for my opinion on what is happening in the market. Here are my personal thoughts and some reasons on why you may want to buy, sell or renovate. Why You Should Buy –  Everyone needs a place to live. If you can write-off the interest on where you live, then why wouldn’t you buy a home? In SoCal, rents are NOT getting any cheaper. Once you account for the tax write-off of being a home-owner, you can … Continued

Top 4 Things Our Clients Do NOT Know!!!

Us Realtors and Lenders have a tough job. We assist with the largest financial transaction our clients will most likely ever be party to. We play the role of teacher, closer, therapist, counselor, friend and salesperson. Between escrow officers, impound accounts, title reports, inspections, appraisals, underwriters, home-owner’s insurance, listing agents, selling agents, request for repairs, termite reports, loan estimates, closing disclosures, loan documents – it’s amazing any deal ever gets done. The amount of information I have to cover with a client when he or she first goes into escrow can be overwhelming. Inevitably, if I don’t follow a script … Continued

What is Going on With Appraisals Right Now???

Let’s get this out of the way up front – appraisers have a REALLY tough job right now, especially in markets where inventory is low Following 2009, appraisers saw both their reputations and their finances take a major hit. As politicians looked for the “source” of the housing crisis, regulations set forth upon appraisers became almost punitive. The creation of Appraisal Management Companies- AMC’s- created a middle man designed to protect consumers. I believe the creations of a third-party appraisal management system was much needed and is a net positive for our industry. By creating a layer of separation between … Continued

Avoid FHA Loans

Right or wrong, many of my Realtors partners shy away from having their sellers accept offers from FHA buyers. Luckily, Fannie Mae and Freddie Mac have made it easier in the last 90 days to qualify for a low money down conventional loan. Buyers can NOW buy a home, with a conventional loan, loan amounts up to $625,500 – with as little as 5% down. Please keep in mind that ALL loans, even conventional loans, with less than 10% down comes with some type of Private Mortgage Insurance (PMI). Clients, agents and even some lenders can get VERY confused by … Continued

What The HECK is Going on With This Market !?!?!?

Realtors, As you’ve probably noticed, on the road to helping 400 families in 2016, the market has already thrown us some substantial curveballs. I have been having a LOT of interesting financial conversations with buyers and potential buyers. Lucky for us, clients who have been on the fence about buying are starting to get motivated. January was the busiest month of my career and our team talked to 92 new buyer leads. Let’s be honest, most of our clients have NO IDEA why falling oil prices are actually a bad thing for the world economy. Shouldn’t lower gas prices be … Continued