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The Different Flavors of Mortgage Insurance

What is mortgage insurance and what are your options?

Definition from Wikipedia: Mortgage Insurance (also known as mortgage guarantee and home-loan insurance) is an insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan. Mortgage insurance can be either public or private depending upon the insurer. The policy is also known as a mortgage indemnity guarantee (MIG)

With the info overload in new real estate and numbers that are presented to buyers, it’s no wonder why there’s confusion regarding mortgage insurance. There are many misconceptions about mortgage insurance, so we asked Ryan Nordby of Princeton Capital – Roseville, CA – to go into a deeper discussion about the three flavors of mortgage insurance. In some cases if your credit score is high enough, the “one-time” buyout might be a better solution instead of putting 20% down on your next home.

Here is the example that Ryan uses:
For a $400,000 Purchase 10% down is $40,000.
The MI buyout for a client with 760 credit is 1.27 Points.
($360,000 Loan * .0127 = $4,572) vs. $40,000 more down.

Currently, since FHA financing has changed so much, we are seeing much more conventional loans. In the past, it seemed like anything with less than 10% down was FHA. Once FHA changed their mortgage insurance to being attached to the loan for the life of the loan, we are now seeing primarily conventional loan offers on our listings. Many of them are with as little as 5% down. It is important to go over all scenarios with your lender to know what is the right fit for your current situation, and also for planning down the road and your economic success.

To speak to Ryan directly, and get a specialized quote specific to you, give Ryan a call or send him an email.

Ryan Nordby, Senior Loan Consultant – www.RyanNordby.com
Cell: (916) 600-6480 – RyanNordby@princetoncap.com
NMLS# 260857 – CalBRE# 01405357

Property Questions or Showings? 916-308-2446 – Homes@RosevilleAndRocklin.com – REALTORs Steve + Heather Ostrom

See more informative posts at:  www.RosevilleAndRocklin.com – Roseville and Rocklin Real Estate + Lifestyle

Author: Heather Ostrom, Real Estate Marketing – REALTOR

Steve Ostrom, Primary Listing Agent + REALTOR – 916-308-2446 – Homes@RosevilleAndRocklin.com – Coldwell Banker  – Roseville, CA – CALBRE# 01344154 + 01899313 2200 Douglas Blvd B-200, Roseville, CA 95661

Learn more about listing your home with us!

 

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2013-2016 Social Media Squad – Coldwell Banker

Hello, I’m Heather Ostrom, a REALTOR with Coldwell Banker Residential Brokerage in Roseville, CA.

I originally wrote this post back in 2013. Wowza, does time fly fast. So updates to this post (2015): for three years consecutively, I have had the amazing privilege of being on the Coldwell Banker International Social Squad. And now in 2016, I have been asked again to participate in the social squad, but lets keep this as my happy 2015 post.

A lot has changed since even 2013, including our waist lines.

For New York, Hollywood, and now Chicago #GenBlue – I have had the opportunity to continue to be a brand ambassador in the social media waters and as a positive figure for our company, Coldwell Banker. It’s a great honor, and not something I take lightly, along with our clients and business.

Last year I even had the privilege of going on stage with Jane Lynch, to say I had an amazing time, would be an understatement. We work hard, but we also like to be fun to work with (particularly since this tends to be one of the more stressful points in your life, buying and selling a home). We take pride in our experience and personal touch to do all we can, both in education, and making the experience more enjoyable.

So what why do we attend the Gen Blue experience, year-after-year? See below – all that changes is, that it only gets better each year. Evolving with tried and true ways of working, mixed with the new expectations of consumers, and ways to work smarter and not harder.

Managers and Agents – sign up today: www.GenBlue.ColdwellBanker.com

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Original Post from 2013 below

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How Has Attending the #GenBlue Conference Improved Us?

#GenBlue is the Coldwell Banker Annual International Conference. For the past three years, Steve and I both have attended the conferences. Gen Blue offers classes for self-improvement and inspiration to improve anyone who is part of the Coldwell Banker brand – both for elevating our online and offline skills.

Attending these Coldwell Banker #GenBlue conferences has changed Steve and I in so many positive ways in relationships, work habits and tools, and personal improvement. I have met so many talented individuals across the country who have forever changed me – sharing tips and also putting me in touch with solutions that I may not have found on my own.


Talk / writing is cheap, without proof, right? You’re probably saying, “Hey Heather, give me direct evidence for improved behaviors and some feedback on the conference.”
Fair enough (bare with me as I talk about myself in third person). 😉

  • First and foremost, videos. I learned what techniques to improve our videos. “Slow pans” … dynamic backgrounds, changing your setting for videos, while realizing the importance of “audio.” I learned from other agents their own person tricks in video editing.
  • Online toolsStephanie Hahn was an amazing past speaker at Gen Blue. She fueled me to explore Google Tools more and how insanely amazing all the options are …. I now use the G-Cal and attachments like an online ninja and my clients love it.
  • Matthew Ferrara, Philosopher – A CB speaker staple and never ceases to be awesome. I learned about online and offline behaviors and how he conducts his business (he’s fantastic). Not to mention, Matthew was part of one of the most epic moments of conference history witnessed – Ferrara vs. Mike Ferry in 2011. Steve O and I STILL talk about this event.
  • I also learned and got to know Debra Trappen and Linda Aaron better and learned all of their SwissArmyKnife tricks for better interaction online and improved visuals online. Such happy energy and the crowd dialogue was intoxicating with the Q&A that was initiated.
  • The main stage speakers – inspiration for the soul and mind. Always a “wow” factor every year of someone from outside of real estate and also some of the best in our business.
  • Finally, and definitely not least – the final party is ALWAYS amazing. Sure, it may sound immature to rank a party amongst the reasons, but I definitely made new friends from dancing and going around introducing myself to new agents. I also have earned quite a few referrals because people remembered me. How awesome is that?
  • Direct from the Source: I learned how to better use the amazing tool of CB Exchange (formerly CBWorks) – the undiscovered gem of educational videos, logos, and templates. Also some of the nerdiest of nerds (written with the highest affection), that told us how to leverage the free info to do our market updates.

Online and Offline Agent Improvements

Whether you’re a broker, manager, marketing bossy pants, or an agent in the field … the Conference is not just about online items – it’s about the entire package of being a real estate agent in the current age.

Year-after-year, Coldwell Banker continues to set-up a FRESH and NEW schedule for their agents and brokers, BUT also in the education straight from the agent’s mouth. I gain so much from the Q and A’s that happen from the audience, as well as the agent panels, and speakers. Interactions are always dynamic and passionate.

Steve O and I have always thought of Coldwell Banker to be the best. I’m proud to be #GenBlue. So if You’re Coming to the Conference, I’m very tall (6ft) and I love orange – please come up and say “hi” and I look forward to meeting and sharing with you! I’m proud to be #GenBlue

Come Say “Hi” to the GenBlue Social Squad!

 

Follow me on Twitter at @RosevilleRockLn (and say “hi” @ me!)

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Learn More About Gen Blue Coldwell Banker: Local and National Conferences

Follow the Conference Dialogue – #GenBlue Hashtag

 


Property Questions or Showings? 916-308-2446 – Homes@RosevilleAndRocklin.com – REALTORs Steve + Heather Ostrom

 

See more informative posts at:  www.RosevilleAndRocklin.com – Roseville and Rocklin Real Estate + Lifestyle

Author: Heather Ostrom, Real Estate Marketing – REALTOR

Steve Ostrom, Primary Listing Agent + REALTOR – 916-308-2446 – Homes@RosevilleAndRocklin.com – Coldwell Banker  – Roseville, CA – CALBRE# 01344154 + 01899313 2200 Douglas Blvd B-200, Roseville, CA 95661

Learn more about listing your home with us!

Equal Housing Opportunity

 

2013-2016 Social Media Squad – Coldwell Banker Read More »

Placer County Assessor's Website

Property Taxes Search and Mello-Roos – Placer County

What is Mello-Roos?


We are often asked, “What is Mello-Roos” and then followed up with, “How can I look at the property’s past tax bills?”

Below, we’re going to do our best with guiding you how to find the answers online, but please note, YOU MUST follow up and confirm directly with Placer County Tax Assessor to confirm all tax-related content and inquiries. 530-889-4120 

We are NOT tax experts. Items below are for entertainment value only and any person / party using this post as a tool to look-up taxes or tax-related items, understands it’s their responsibility to verify all information in the video and this post.


What is Mello-Roos?

 

 

This video from 2015ish*, but there is good info in this video on “What is Mello-Roos” as we know not everyone is familiar with the term.


Retrieve a Property’s Past Tax Bill – Placer County

APN Placer County Assessor's Website Searching Tax Bills

Click here or above (it’s a link to another page on our website) where we have a “step-by-step” of how to view a tax bill on the Placer County website.

Mello-Roos should be detailed for the previous year on this bill*. Not sure what Mello-Roos is, watch the video above. On some natural hazard disclosures (NHD), it will list the Mello-Roos as well or if they’ll go up (not always**). New construction buyers, don’t be afraid to ask the tough questions on this topic too. Some NHDs will even state how long it will last, but this feedback from us is for entertainment value, See info above for disclosure**

It’s very easy now to look things up (2026) and much less complicated than when we first wrote this post back in 2012.

 Questions? Feel free to call Steve Ostrom at 916-308-2446

Homes@RosevilleAndRocklin.com – Coldwell Banker Realty  – Roseville, CA – CALBRE# 01344154 + 01899313 2200 Douglas Blvd B-200, Roseville, CA 95661

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Being Prepared for the Appraiser

REALTOR Steve Ostrom talks with Appraiser Ryan Lundquist about the agent perspective and the appraiser perspective about an agent meeting the appraiser at the property, at the time of appraisal with paperwork on comparables (called comps) and giving insight to those comparables which may not be readily available on the internet or know because a home may not have been on the market that long.

Ryan also explains his thoughts, on the best approach, what to say and what not to do as an agent … it gives sellers a good perspective on what we do as listing agents, but also what we as agents, are dealing with when approaching an appraiser. Each appraiser is different and will have a different take on the listing agent meeting the appraiser to discuss comps …

Give us your thoughts? What do you think?

Thanks Ryan for your interview, as always! It’s always great to get another person’s perspective so we can stay fine tuned.

Ryan Lundquist
ryan@lundquistcompany.com
TEL: 916-595-3735
FAX: 916-361-1964
@SacAppraiser
on Twitter
FB – https://www.facebook.com/SacramentoAppraiser

Coldwell Banker Sun Ridge • 4011 Woodcreek Oaks #110 Roseville 95747

Visit our Real Estate Educational Library – RosevilleAndRocklin.com

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Being a Prepared First-Time Home Buyer

First-time home buyer series … there are many variables to consider when beginning your real estate searches, how or what means being prepared to start your home hunt. This is your information gathering phase and make sure your buying experience is a good one, by being prepared and asking yourself the right questions and communicating your precise needs, time frames and expectations.

And yes, this is a rare Heather O video. 🙂

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