Fresh Home Loan Expands to Bakersfield, Bringing More Mortgage Options to Central California

"Wait... I didn't know that. Maybe I qualify." "Here's something most homebuyers don't know." "Every mortgage has a set of guidelines, whether it is conventional to Jumbo, FHA, VA, USDA, ITIN, Revers Mortgage, whatever – there is an investor that purchases that loan according to a set of guidelines.” "But many lenders and especially the big banks add something called 'overlays.' " "An overlay is simply an extra rule the bank creates to reduce its own risk." For example, maybe the loan program allows a 620 credit score—but that bank won't go below 680. Or maybe the program allows a higher debt-to-income ratio say 43% but the bank only goes to 38% —but the bank has a stricter limit." "As an independent mortgage broker, I work with multiple wholesale lenders." "If one lender has stricter overlays, another lender may follow the standard program guidelines more closely or offer a different program that fits your situation." "That doesn't mean every loan can be approved—but it does mean one 'no' isn't always the final answer." According to the CFPB: Consumer Financial Protection Bureau these are the 3 most common reasons a loan is denied and how we can help: 1. Income This is the #1 reason. Examples: Self-employed with large tax write-offs. Commission or bonus income that's difficult to document. Retirees living on assets. Real estate investors. 1099 contractors. Recently changed jobs. Many banks have more conservative debt to income ratio overlays, leaving the borrower qualify for less. They also may not have niche loans for self-employed borrowers who sometimes have trouble qualifying off tax returns. Often times, real estate investors have deductions on that make it difficult to cash flow on their returns. Independent mortgage brokers like Fresh Home Loan Inc. can often access lenders that accept: Bank statement loans Asset utilization/depletion DSCR loans for investors Alternative income documentation 2. Credit Every lender has different overlays. Examples: Credit score just below the bank's minimum. Limited credit history. Recent bankruptcy or foreclosure. A manual underwriting situation. One lender may decline the loan while another approves it under a different program. 3. The Property or Collateral The borrower may qualify, but the property doesn't. Examples: Non-warrantable condos Deferred maintenance Unique property Many times, large banks simply won't finance these situations, while Independent Mortgage brokers can. Unlike traditional banks that offer only their own loan products, Fresh Home Loan works with a network of wholesale lenders to help clients find financing that best fits their unique financial goals and circumstances. For more information: https://www.freshhomeloan.com/contact-us Call or text: 510.282.5456 Email: Garick@freshhomeloan.com Garrick Werdmuller President CEO Fresh Home Loan Inc 510.282.5456 call/text NMLS 242952 www.FreshHomeLoan.com Socials: https://www.facebook.com/freshhomeloan/ https://www.instagram.com/garrickwerdmuller/ https://www.linkedin.com/in/garrick-werdmuller-b044253/ https://www.youtube.com/@freshhomeloan-garrickwerdm316 All loan approvals are conditional and not guaranteed and subject to lender review of all information. Loan is conditionally approved when lender has issued approval in writing, but until all conditions are met, loan cannot be funded. Specified rates and [products may not be available to all borrowers. Rates subject to change according to market conditions and agreed upon lock times set by borrower. Fresh Home Loan Inc. is an Equal Opportunity Mortgage Broker in California. This licensee is performing acts for which a real estate license is required. Fresh Home Loan, Inc. is licensed by the California Department of Real Estate #02137513 NMLS # 2124104 #HomeLoans #MortgageTips #HomeBuying #FirstTimeHomeBuyer #Realtor #RealtorLife #MortgageBroker #Chase #WellsFargo

Thanks for visiting this page! I wanted to invite you to check out the system we're now using for our Open House marketing. I think it's a great opportunity for us to collaborate and help generate more leads together. It has a TON of features, including: 🏡 Property Websites Mobile-friendly listing websites Recently Sold property pages Lead capture tools Easy sharing on social media and email 🖨️ Print Marketing Open House Flyers Promotional Flyers Infographics Open House Sign-In Sheets Property Reports Jumbo Postcards Sign Riders 📢 Active Listing Marketing Coming Soon Flyers Just Listed Flyers Under Contract Flyers In Escrow Flyers Just Sold Flyers Go Green Flyers Property Reports and Marketing Pieces 📋 Listing Presentations Pre-Listing Presentations Neighborhood Reports Beautiful Infographics designed to help win listings 🏠 Buyer Resources Neighborhood Reports Buyer Infographics Market information to educate your clients 📬 Lead Generation Tools Sign Riders with lead capture Multiple postcard sizes and marketing campaigns Print and digital marketing working together Garrick Werdmuller President & CEO Fresh Home Loan, Inc. 🌐 https://freshhomeloan.com #ListingsToLeads #RealEstateMarketing #RealtorTools #ListingPresentation #OpenHouse #RealEstateLeads #MortgageBroker #FreshHomeLoan #RealtorSuccess #DigitalMarketing #RealEstateTechnology #LeadGeneration #RealEstateTraining #MarketingForRealtors

I was recently referred to a woman in need of financing assistance by a realtor buddy. She had a lot of problems with delinquent taxes, deferred maintenance on her properties, overdue bills, it was a bad situation. She had two properties: her primary residence and an investment property. They were both free and clear, so she had equity, the problem was she had no income and the houses were in such bad shape no one would lend on them. I actually had great confidence I could find a home for her investment property, but I was actually denied 18 times! However, #19 said, and I quote ”Garrick, I am not mad at this loan” and off we went! Within three weeks we were closed and funded. The borrower actually lost her phone and the realtor and I were worried and he drove to one house and I drove to the other and we found her! Got her signed and now she has cash to pay the taxes and bills, rehab the property, and get a new phone! Who do you know that will do as much as I will do for you? Questions? https://www.freshhomeloan.com/contact-us Socials: https://www.facebook.com/freshhomeloan/ https://www.instagram.com/garrickwerdmuller/ https://www.linkedin.com/in/garrick-werdmuller-b044253/ https://www.youtube.com/@FreshHomeLoan https://www.tiktok.com/@freshhomeloan All loan approvals are conditional and not guaranteed and subject to lender review of all information. Loan is conditionally approved when the lender has issued approval in writing, but until all conditions are met, loan cannot be funded. Specified rates and products may not be available to all borrowers. Rates subject to change according to market conditions and agreed upon lock times set by the borrower. Fresh Home Loan Inc. is an Equal Opportunity Mortgage Broker in California. This licensee is performing acts for which a real estate license is required. Fresh Home Loan, Inc. is licensed by the California Department of Real Estate #02137513 NMLS # 2124104 #HardMoney #RealEstate #HardMoneyLender #RealEstateInvesting #FixAndFlip #HardMoneyLoans #FreshHomeLoan #BayArea

Shopping for a HELOC or HELOAN? Learn the five most important factors to compare, including costs, appraisal requirements, loan options, and closing times before choosing a lender. 1. Do They Offer Multiple HELOC and HELOAN Programs? Not every lender has the same products. Some only offer one HELOC. Others don't offer fixed-rate HELOANs at all. Some have higher loan limits, lower minimum draws, or allow investment properties while others don't. At Fresh Home Loan, we shop multiple lenders to find the program that fits your goals—not force your goals into one lender's program. 2. What Will the Appraisal Cost You? One of the biggest surprises for homeowners is appraisal fees. Some lenders require a full appraisal that can cost hundreds of dollars and delay the process. Others may qualify for an Automated Valuation Model (AVM) or desktop valuation, saving both time and money. We'll tell you upfront what your property is likely to need before you spend a dime. 3. How Fast Can They Close? If you're consolidating debt, paying for a remodel, buying out a partner, or financing an ADU, timing matters. Many lenders take 30-60 days. We regularly close HELOCs and HELOANs much faster because we know the process and work with lenders that prioritize speed. The sooner your loan closes, the sooner you can put your equity to work. 4. What Are the Total Costs? Don't focus only on the interest rate. Compare: Closing costs Lender fees Annual fees Early payoff penalties (if any) Minimum draw requirements Fixed vs. variable rate options The lowest advertised rate isn't always the least expensive loan. We'll walk through every cost before you decide. 5. Can You Actually Reach Your Loan Officer? A HELOC isn't a one-size-fits-all loan. Questions come up about: Borrowing limits Draw periods Fixed-rate options Using funds for ADUs Debt consolidation Investment properties Working with someone who answers the phone and explains your options can save you thousands of dollars—and a lot of frustration. At Fresh Home Loan, you'll work directly with experienced mortgage professionals who guide you from application to funding. Ready to Put Your Home Equity to Work? Whether you're planning a remodel, consolidating debt, building an ADU, paying for college, or simply want access to your home's equity, we'll help you compare the best HELOC and HELOAN options available. Why homeowners choose Fresh Home Loan: Multiple HELOC and HELOAN programs Fast closings Low fees Honest advice with no pressure Experienced local mortgage professionals Apply today or contact Fresh Home Loan for a free, no-obligation review of your home's equity options. For more information give Garrick Werdmuller a call at 510.282.5456 or visit: https://freshhomeloan.com/schedule-a-meeting/ Garrick Werdmuller President CEO Fresh Home Loan Inc 510.282.5456 call/text NMLS 242952 www.FreshHomeLoan.com You may also enjoy: HELOC vs. HELOAN: Unlocking Your Home's Equity Without Touching Your First Mortgage https://www.freshhomeloan.com/heloc-vs-heloan-unlocking-your-home-s-equity-without-touching-your-first-mortgage HELOC vs Credit Card: Which Is Better for Homeowners? https://www.freshhomeloan.com/heloc-vs-credit-card-which-is-better-for-homeowners Understanding the Difference Between a HELOC and a HELOAN https://www.freshhomeloan.com/understanding-the-difference-between-a-heloc-and-a-heloan How Does a HELOC work? https://www.freshhomeloan.com/how-does-a-heloc-work Socials: https://www.facebook.com/freshhomeloan/ https://www.instagram.com/garrickwerdmuller/ https://www.linkedin.com/in/garrick-werdmuller-b044253/ https://www.youtube.com/@FreshHomeLoan https://www.tiktok.com/@freshhomeloan #HELOC #HELOAN #HomeEquity #HomeEquityLoan #HomeEquityLineOfCredit #CashOutRefinance #MortgageTips #HomeownerTips #HomeImprovement #ADU #DebtConsolidation #MortgageBroker #MortgageAdvice #RealEstate #Homeowners #FinancialFreedom #FreshHomeLoan #CaliforniaMortgage #BayAreaRealEstate #BakersfieldRealEstate All loan approvals are conditional and not guaranteed and subject to lender review of all information. Loan is conditionally approved when the lender has issued approval in writing, but until all conditions are met, loan cannot be funded. Specified rates and products may not be available to all borrowers. Rates subject to change according to market conditions and agreed upon lock times set by the borrower. Fresh Home Loan Inc. is an Equal Opportunity Mortgage Broker in California. This licensee is performing acts for which a real estate license is required. Fresh Home Loan, Inc. is licensed by the California Department of Real Estate #02137513 NMLS # 2124104

For years, the 30-year fixed mortgage has been the "default" choice for homebuyers. But if you're purchasing a higher-priced home that requires a jumbo loan, there may be a smarter option worth considering: the 7/6 Jumbo Adjustable-Rate Mortgage (ARM). With today's interest rates, many jumbo borrowers are discovering that a 7/6 ARM can provide a significantly lower initial interest rate than a traditional 30-year fixed mortgage, helping reduce monthly payments while increasing purchasing power. What Is a 7/6 Jumbo ARM? A 7/6 Jumbo ARM is a mortgage designed for loan amounts that exceed conforming loan limits. Here's how it works: Your interest rate is fixed for the first seven years. After those seven years, the rate adjusts every six months based on a published market index plus a predetermined margin. The loan includes adjustment caps that limit how much the rate can change over time. For many borrowers, seven years provides plenty of time before any adjustment could occur. Why Consider a Jumbo ARM? Lower Interest Rate One of the biggest advantages is that 7/6 Jumbo ARMs typically offer lower starting interest rates than comparable 30-year fixed mortgages. That lower rate may translate into: Lower monthly mortgage payments Greater purchasing power Reduced interest costs during the fixed-rate period For buyers shopping in competitive markets, this can make a meaningful difference. Who Is a Good Candidate? A 7/6 Jumbo ARM may be an excellent fit if you: Expect to move within seven years May refinance before the fixed period ends Receive bonuses or increasing income over time Prefer lower monthly payments today Are purchasing a luxury or high-value Why a 7/6 Jumbo ARM Could Be a Better Choice Than a 30-Year Fixed When most people think about getting a mortgage, they automatically assume a 30-year fixed loan is the only option. But if you're financing a higher-priced home with a jumbo loan , you may have another option that could save you money. A 7/6 Jumbo Adjustable-Rate Mortgage (ARM) often comes with a lower interest rate than a traditional 30-year fixed mortgage. That lower rate can translate into a lower monthly payment, reduced interest costs during the fixed period, and even greater buying power. How Does a 7/6 Jumbo ARM Work? A 7/6 Jumbo ARM keeps your interest rate fixed for the first seven years of the loan. During that time, your payment remains stable, just like a fixed-rate mortgage. After the initial seven-year period, the interest rate adjusts every six months according to the terms of the loan and current market conditions. These loans also include adjustment caps that limit how much the rate can change. Why Are Buyers Choosing a 7/6 Jumbo ARM? Many homebuyers don't keep the same mortgage for 30 years. Life changes, families grow, careers evolve, and homeowners often refinance or move before seven years have passed. For buyers who expect they may: Move to another home Refinance if rates improve Upgrade or downsize Build additional equity ...a 7/6 Jumbo ARM may offer significant savings during the years they actually expect to own the loan. Benefits of a 7/6 Jumbo ARM Lower starting interest rate than many 30-year fixed jumbo loans Lower monthly payments Increased purchasing power Stable payment for the first seven years An excellent option for borrowers with a shorter mortgage timeline Is It Right for Everyone? Not necessarily. A 30-year fixed mortgage still provides the certainty of the same interest rate for the life of the loan, making it a great option for borrowers planning to stay in their home for many years. The best mortgage depends on your financial goals, how long you expect to own the home, and your long-term plans. Let's Compare Your Options Don't assume the 30-year fixed mortgage is automatically the best choice. At Fresh Home Loan , we compare multiple loan programs—including fixed-rate mortgages and Jumbo ARMs—to help you choose the option that best fits your goals. If you're shopping for a luxury home or need jumbo financing, let's run the numbers together. You may be surprised how much a 7/6 Jumbo ARM could save you. Ready to Explore Your Jumbo Loan Options? Every homebuyer's situation is different. Whether you're purchasing your dream home or refinancing an existing jumbo mortgage, I'll help you compare a traditional 30-year fixed with a 7/6 Jumbo ARM so you can make an informed decision based on your goals—not assumptions. Let's run the numbers together and see which option works best for you. https://freshhomeloan.com/schedule-a-meeting/ Garrick Werdmuller President & CEO Fresh Home Loan Inc. 510.282.5456 Call/Text www.FreshHomeLoan.com Follow us on social media: https://www.facebook.com/freshhomeloan/ https://www.instagram.com/garrickwerdmuller/ https://www.linkedin.com/in/garrick-werdmuller-b044253/ https://www.youtube.com/@FreshHomeLoan https://www.tiktok.com/@freshhomeloan #JumboLoan #JumboMortgage #JumboARM #MortgageBroker #FreshHomeLoan #LuxuryHomes #LuxuryRealEstate #CaliforniaRealEstate #HomeLoans #MortgageRates #HomeBuying #DreamHome #MortgageTips #FirstTimeHomeBuyer #Refinance #AdjustableRateMortgage #RealEstate #BayAreaRealEstate #BakersfieldRealEstate #IndependentMortgageBroker All loan approvals are conditional and not guaranteed and subject to lender review of all information. Loan is conditionally approved when the lender has issued approval in writing, but until all conditions are met, loan cannot be funded. Specified rates and products may not be available to all borrowers. Rates subject to change according to market conditions and agreed upon lock times set by the borrower. Fresh Home Loan Inc. is an Equal Opportunity Mortgage Broker in California. This licensee is performing acts for which a real estate license is required. Fresh Home Loan, Inc. is licensed by the California Department of Real Estate #02137513 NMLS # 2124104

Happy Independence Day America!

Happy Independence Day America! 

If you've been searching online for a reverse mortgage calculator, you're probably trying to answer one simple question: "How much could I qualify for?" The good news is that getting an estimate is usually easier than most people think. In most cases, all that's needed is: Your property address Your date of birth (or the youngest borrower's date of birth) An estimate of any existing mortgage balance With that information, a reverse mortgage specialist can run multiple scenarios and compare programs from different lenders. Why Most Online Reverse Mortgage Calculators Aren't Completely Accurate Here's something many homeowners don't realize: Unlike a traditional mortgage, reverse mortgage proceeds are based on several factors that can vary from lender to lender. These factors may include: Age of the youngest borrower Current interest rates Home value Property type Existing mortgage balance Program guidelines Available proprietary (jumbo) reverse mortgage options Because these variables are constantly changing, many online calculators can only provide rough estimates. In some cases, the calculator may not account for all available programs or lender-specific options that could significantly impact the amount you qualify for. What Many Online Calculators Are Really Designed to Do Let's be honest. Many reverse mortgage calculators aren't built to provide precise answers—they're designed to collect your contact information. Once your information is submitted, it may be: Sent directly to a lender's sales team Shared with multiple lenders Used for ongoing marketing campaigns Sold as a lead to third-party companies That's why homeowners often receive multiple phone calls after completing a calculator form online. A Better Approach: Compare All Your Options A reverse mortgage can be a great solution for some homeowners, but it's not always the only solution. That's why it's important to work with an independent mortgage professional who can evaluate your complete financial picture—not just one loan product. At Fresh Reverse by Fresh Home Loan, we believe homeowners deserve options. Instead of pushing a single product, we can review: Reverse mortgage programs Conventional mortgage options Refinance opportunities Home equity solutions Other financing alternatives that may fit your goals Our goal is simple: help you make an informed decision that allows you to stay comfortable and confident in your home. Want a Personalized Reverse Mortgage Estimate? The fastest way to find out how much you may qualify for is to speak with a reverse mortgage specialist. With just your property address and date of birth, we can run multiple lender scenarios and provide a personalized estimate based on today's guidelines and available programs. No confusing online calculators. No guessing. Just real numbers and real options. Fresh Reverse by Fresh Home Loan Independent Mortgage Brokers Working for the People, Not the Lenders. Contact us today for a personalized reverse mortgage review and discover which solution may work best for your retirement goals. https://freshhomeloan.com/schedule-a-meeting/ Garrick Werdmuller President & CEO Fresh Home Loan Inc. 510.282.5456 Call/Text www.FreshHomeLoan.com Follow us on social media: https://www.facebook.com/freshhomeloan/ https://www.instagram.com/garrickwerdmuller/ https://www.linkedin.com/in/garrick-werdmuller-b044253/ https://www.youtube.com/@FreshHomeLoan https://www.tiktok.com/@freshhomeloan #ReverseMortgage #HECM #RetirementPlanning #HomeEquity #SeniorHomeowners #RetirementIncome #MortgageBroker #FinancialPlanning #Homeownership #FreshHomeLoan #RealEstate #FinancialFreedom All loan approvals are conditional and not guaranteed and subject to lender review of all information. Loan is conditionally approved when the lender has issued approval in writing, but until all conditions are met, loan cannot be funded. Specified rates and products may not be available to all borrowers. Rates subject to change according to market conditions and agreed upon lock times set by the borrower. Fresh Home Loan Inc. is an Equal Opportunity Mortgage Broker in California. This licensee is performing acts for which a real estate license is required. Fresh Home Loan, Inc. is licensed by the California Department of Real Estate #02137513 NMLS # 2124104 

For many homeowners age 62 and older, a reverse mortgage can be much more than a loan—it can be a powerful financial planning tool. After spending decades building equity in a home, many retirees find that a significant portion of their wealth is tied up in their property. A reverse mortgage can help unlock some of that equity and convert it into usable funds while allowing homeowners to continue living in the home they love. While a reverse mortgage isn't right for everyone, it can provide meaningful benefits for the right borrower. Here are five reasons why a reverse mortgage may be worth considering. 1. Create Additional Retirement Income Retirement often comes with a major lifestyle adjustment. While your working years may be behind you, your monthly expenses don't disappear. For many retirees, a reverse mortgage can help bridge the gap between retirement income and everyday living expenses. Funds received from a reverse mortgage can be used to: Supplement retirement income Cover household expenses Create a financial safety net Improve cash flow during retirement Because reverse mortgage proceeds are loan funds rather than earned income, they are generally not considered taxable income. For homeowners who have substantial equity but limited liquid assets, a reverse mortgage can provide valuable financial flexibility. 2. Access Your Equity Your Way One of the biggest advantages of a reverse mortgage is flexibility. Depending on the program, homeowners may choose to receive funds as: A lump sum Monthly payments A line of credit A combination of payment options This flexibility allows homeowners to customize the loan based on their financial goals and retirement needs. Whether you need ongoing monthly income or occasional access to funds, a reverse mortgage can be structured to fit your situation. 3. Eliminate Existing Mortgage Payments Many homeowners use a reverse mortgage to pay off an existing traditional mortgage. By eliminating a monthly mortgage payment, retirees can often significantly improve their monthly cash flow. For homeowners living on fixed retirement income, removing one of their largest monthly expenses can make budgeting much easier. While borrowers must continue paying property taxes, homeowners' insurance, and maintaining the property, eliminating a mortgage payment can provide substantial financial relief. 4. Help Cover Unexpected Expenses Life is full of surprises, and some of the most expensive ones involve healthcare, home repairs, or family emergencies. A reverse mortgage can provide access to funds when they're needed most. Many homeowners use reverse mortgage proceeds to: Pay medical expenses Fund home modifications Cover long-term care costs Handle major repairs Create an emergency reserve Having access to home equity can help retirees avoid relying on high-interest credit cards, personal loans, or withdrawing additional retirement assets during challenging times. 5. Built-In Protection Through a Non-Recourse Loan One of the most important consumer protections of FHA-insured reverse mortgages is that they are non-recourse loans. This means neither the borrower nor their heirs will ever owe more than the home's value when the loan becomes due and payable. If the loan balance eventually exceeds the home's value, FHA mortgage insurance covers the difference. This protection can provide peace of mind for both homeowners and their families, particularly during periods of housing market uncertainty. Is a Reverse Mortgage Right for You? A reverse mortgage isn't simply about borrowing money—it's about creating options. For some homeowners, it can help improve retirement cash flow, eliminate monthly mortgage payments, preserve investment accounts, and provide greater financial security. The key is understanding how the program works and evaluating whether it aligns with your long-term goals. Every homeowner's situation is different, which is why speaking with an experienced reverse mortgage specialist can help you determine whether a reverse mortgage is a smart fit for your retirement strategy. Final Thoughts For eligible homeowners, a reverse mortgage can be a valuable way to put home equity to work without selling the home or taking on a required monthly mortgage payment. When used thoughtfully, it can help create flexibility, reduce financial stress, and provide additional resources throughout retirement. The best financial tools are the ones that support your goals—and for many retirees, a reverse mortgage may be one of them. Schedule a Consultation Contact Fresh Home Loan today to discuss your options with an experienced mortgage professional. https://freshhomeloan.com/schedule-a-meeting/ Garrick Werdmuller President & CEO Fresh Home Loan Inc. 510.282.5456 Call/Text www.FreshHomeLoan.com Follow us on social media: https://www.facebook.com/freshhomeloan/ https://www.instagram.com/garrickwerdmuller/ https://www.linkedin.com/in/garrick-werdmuller-b044253/ https://www.youtube.com/@FreshHomeLoan https://www.tiktok.com/@freshhomeloan #ReverseMortgage #HECM #RetirementPlanning #HomeEquity #SeniorHomeowners #RetirementIncome #MortgageBroker #FinancialPlanning #Homeownership #FreshHomeLoan #RealEstate #FinancialFreedom All loan approvals are conditional and not guaranteed and subject to lender review of all information. Loan is conditionally approved when the lender has issued approval in writing, but until all conditions are met, loan cannot be funded. Specified rates and products may not be available to all borrowers. Rates subject to change according to market conditions and agreed upon lock times set by the borrower. Fresh Home Loan Inc. is an Equal Opportunity Mortgage Broker in California. This licensee is performing acts for which a real estate license is required. Fresh Home Loan, Inc. is licensed by the California Department of Real Estate #02137513 NMLS # 2124104