Real Realtors 20 | Harold Bauer, Caliber Home Loans

When is the best time to get a mortgage? That answer depends on a myriad of factors, most of which tie into the stock market in one way or another. Last week, the stock market experienced its biggest drop in over 2 years, dropping over 1,000 points amid worries of a rising federal interest rate, corrections, and other uncertain factors. Our guest today on Real Realtors is Harold Bauer, who does mortgage consulting with Caliber Home Loans out of Walnut Creek. Today we pick his brain to get a little insight on how the activity on Wall Street impacts your home, mortgage and refinancing options.    Phone: 925-548-2293 Website: caliberhomeloans.com/hbauer       Email: harold.bauer@caliberhomeloans   Getting Started Licensed in 1991, started working in Palo Alto Started own brokerage firm in 1999, lasted 10 years Recently joined Caliber Home Loans Mortgage Lending Fell into it Wanted to help people get into their homes Process Relationships with realtors for referrals Homebuyer seminars Criteria Credit Character- repaying a loan Underwriting process Documentation for loans Credit Scores Minimum scores Raising your score Qualifying for a loan Big purchases impact on score Changing Jobs During a Sale Impact on your ability to get a loan Job stability Interest Rates Generating rates Fear of inflation Recent stock market activity Bond yield rates Current Bay Area Market Competitive market spreading outwards Working with listing agents Workers making longer commutes Mortgage Cycles Recession cycle impact Bay Area Market not insulated from market trends Government regulations Wrap up/ Contact Information