carissa@carissamortgage.com

About Carissa Abazia

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So far Carissa Abazia has created 33 blog entries.

How the Fed’s rate hikes slow the economy — and impact you

2022-11-02T18:56:02-07:00

By Rachel Siegel and Emily Wright Updated Nov. 2 at 2:02 p.m. Originally published Oct. 31, 2022 The economy runs like a machine. Right now, it’s overheating: Inflation levels are at the highest in decades, with prices climbing on everything from groceries to cars to rent. And the job market is unsustainably tight, with nearly [...]

How the Fed’s rate hikes slow the economy — and impact you2022-11-02T18:56:02-07:00

What Are Supplemental Real Estate Taxes?

2022-10-18T16:59:53-07:00

Homebuyers are often caught off-guard, and confused, by supplemental property tax bills. Receiving an unexpected bill in the mail is never a pleasant surprise, however supplemental property tax bills have been with us since July of 1983.  To help you better understand what they are, and how they affect you and your property, we have [...]

What Are Supplemental Real Estate Taxes?2022-10-18T16:59:53-07:00

Adjustable-Rate Mortgage vs. Fixed Rate Mortgage

2022-09-29T14:22:55-07:00

Adjustable-Rate Mortgage vs. Fixed Rate Mortgage When interest rates are on the rise, like as of late, it’s not all bad news for homebuyers. With the surge in interest rates, many forecast an uptick in housing inventory, potentially less competition for homebuyers, and an increased interest in mortgage solutions that have recently been neglected – like the adjustable-rate [...]

Adjustable-Rate Mortgage vs. Fixed Rate Mortgage2022-09-29T14:22:55-07:00

It hasn’t been this hard to get a mortgage in six years

2020-09-14T06:31:07-07:00

By Kathleen Howley Mortgage credit in August was the tightest in more than six years as a weak economy prompted lenders to tighten standards, the Mortgage Bankers Association said in a report on Thursday. The group’s Mortgage Credit Availability Index fell 4.7% to 120.9 last month, the lowest since March 2014, indicating stricter requirements to get loans. [...]

It hasn’t been this hard to get a mortgage in six years2020-09-14T06:31:07-07:00

Loan-Level Pricing Adjustments (LLPA): A Complete Guide For Mortgage Borrowers

2020-05-05T14:23:06-07:00

Loan-Level Pricing Adjustments (LLPA) A loan-level pricing adjustment (LLPA) is a risk-based fee assessed to mortgage borrowers using a conventional mortgage. Loan-level pricing adjustments vary by borrower, based on loan traits such as loan-to-value (LTV), credit score, occupancy type, and number of units in a home. Borrowers often pay LLPAs in the form of higher [...]

Loan-Level Pricing Adjustments (LLPA): A Complete Guide For Mortgage Borrowers2020-05-05T14:23:06-07:00

U.S. Orders Up To A Yearlong Break On Mortgage Payments

2020-03-20T06:39:51-07:00

The federal government is telling lenders to lower or suspend mortgage payments for homeowners who have lost income because of the coronavirus outbreak. Mike Segar/Reuters Updated at 2:49 p.m. ET on March 19, 2020 Homeowners who have lost income or their jobs because of the coronavirus outbreak are getting some relief. Depending on their situation, [...]

U.S. Orders Up To A Yearlong Break On Mortgage Payments2020-03-20T06:39:51-07:00

BE CAUTIOUS OF #FALSEADVERTISING & #BAITANDSWITCH #LENDERTACTICS

2020-03-17T07:28:35-07:00

By Carissa Abazia Here is more information you can share with your clients, colleagues, friends and family who are asking about 0-3% interest rates. Again, mortgage rates are not affected by Sunday's fed rate cuts. Here is the first problem we must deal with: The media gets their information about rates from what Fannie Mae [...]

BE CAUTIOUS OF #FALSEADVERTISING & #BAITANDSWITCH #LENDERTACTICS2020-03-17T07:28:35-07:00

March 16, 2020 – A QUICK NOTE ABOUT WHAT IS GOING ON IN THE MORTGAGE INDUSTRY PART II

2020-03-17T07:21:54-07:00

By Carissa Abazia The Federal Fund Rate is the overnight borrowing rate that banks get when they borrow money from the federal reserve.  This rate was 0.75% last week and now it is 0.00% to 0.25%. There are a lot of questions out there about the interest drop the Federal Reserve just completed. The Federal [...]

March 16, 2020 – A QUICK NOTE ABOUT WHAT IS GOING ON IN THE MORTGAGE INDUSTRY PART II2020-03-17T07:21:54-07:00

March 16, 2020 – A QUICK NOTE ABOUT WHAT IS GOING ON IN THE MORTGAGE INDUSTRY PART I

2020-03-17T07:18:59-07:00

By Carissa Abazia The Fed Reserve cut its benchmark interest rate to zero on Sunday, the second such emergency rate cut this year in response to the coronavirus. We wish mortgage rates would be 0%! However mortgage rates don’t follow the Fed Rates. Although the Fed funds rate is indirectly tied to mortgage rates, it’s [...]

March 16, 2020 – A QUICK NOTE ABOUT WHAT IS GOING ON IN THE MORTGAGE INDUSTRY PART I2020-03-17T07:18:59-07:00

14 Things Ridiculously Successful People Do Every Day

2019-11-20T12:00:02-08:00

By Travis Bradberry Having close access to ultra-successful people can yield some pretty incredible information about who they really are, what makes them tick, and, most important, what makes them so successful and productive. "Whenever you see a successful person, you only see the public glories, never the private sacrifices to reach them." -Vaibhav Shah Kevin Kruse recently [...]

14 Things Ridiculously Successful People Do Every Day2019-11-20T12:00:02-08:00
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