Central Coast Lending will be closed Monday, October 14 for Columbus Day. We will resume regular business hours Tuesday, October 15.
Central Coast Lending’s very own Dan Podesto and Jason Grote will be special guests on the Dave Congalton show this afternoon from 3:00-4:00pm on KVEC 920!
They’ll be joined by Greg Astle of Remax Morro Bay, and will be discussing a variety of topics, including whether or not they think Fannie Mae and Freddie Mac should continue, or be replaced by new programs.
Tune in to KVEC 920 TODAY from 3:00-4:00pm, or listen online HERE.
Construction loan specialist Doug Levine has joined Central Coast Lending and will work out of its Paso Robles office at 1921 Spring Street.
Prior to entering the lending business, Levine worked in the construction industry. He credits his time as a builder with giving him a unique view of the lending business.
“I saw the benefit with getting involved with everything from building and sales, to funding” said Levine.
With his experience, Levine serves as an adviser for every stage of the home building process, including design, land acquisition, finance, and building.
Over the past 20 years, Levine has focused on home loans. He founded Sierra Pacific Mortgage Services basing his business around San Jose, Los Gatos, Monterey, Carmel, and Lake Tahoe.
Today, Levine sees potential in the Central Coast market.
“The Real Estate market is coming back and new construction homes are becoming very popular and attainable ,” he said. ”Both owner-occupied construction loans and even spec or investor loans are now available.”
Levine has been visiting the Central Coast for over 25 years, and is happy to now call Paso Robles home.
SAN LUIS OBISPO – Central Coast Lending offers Fannie Mae loans to borrowers who went through a short sale after two years have passed.
Borrowers with “extenuating circumstances” can get a conventional loan with a 10% down payment. Extenuating circumstances typically refer to illness of the primary borrower, spouse, or children.
If the short sale was a result of financial mismanagement, borrowers must put down 20%.
A short sale occurs when the borrower sells the home for less than the balance on the mortgage and returns the proceeds to the lender. The process happens when the borrower cannot make monthly mortgage payments and the lender accepts a lower return on the loan.
To qualify for a loan after a short sale, borrowers will need to rebuild credit during the two-year waiting period and show why the original short sale process occurred. To claim extenuating circumstances, borrowers will need to provide extensive documentation.
Fannie Mae and Freddie Mac set the standard for “conventional” loans, which are among most popular in the industry. The most well-known conventional loan programs are the 30-year fixed, 15-year fixed, and 30-year high balance.
Central Coast Lending is specially approved to offer this post-short sale mortgage program. Call 805.543.LOAN or email email@example.com with any questions.
On Friday, the CCL team put in some hard work with Habitat for Humanity to kick off this Memorial Day Weekend!
“It’s great to see members of the community coming together to help others,” Central Coast Lending owner Jason Grote said, “it’s something simple we can do to help give back to our town.” Read more
Miss a recent episode of the popular San Luis Obispo County radio show Mortgage Matters? Individual episodes are now available for download and offline use on the Central Coast Lending Soundcloud page, which you can find HERE.
Download the episode to a media device and take it along with you on the road, office, or gym to catch up on the latest economic, real estate, and mortgage news and analysis.
Mortgage Matters airs every Saturday from 10 a.m. to 12 noon on KVEC 920. Central Coast Lending hosts Daniel Podesto and Jason Grote keep listeners up-to-date on the news, answer caller questions, and interviews local professionals.
Central Coast Lending owner and Mortgage Matters host Jason Grote will be featured as a guest on the Dave Congalton show on KVEC 920! Tune in to KVEC 920 AM today from 3:30-4:00 to hear Jason talk all things mortgage! Have a question of your own? Call into the studio at 800-549-5832!
You can listen to the show live online HERE
Learn more about the Dave Congalton show HERE
MORRO BAY – It is human nature to see a hill and want to climb it. But it is also human nature to have eyes bigger than our stomachs. That Mount Everest climb seems like a good idea until you are buried in snow at 20,000 feet. Sometimes we need a guide, a Sherpa, to help us through the pass.
Congratulations to Central Coast Lending co-owner Daniel Podesto for his selection to the Tribune’s 2013 Top 20 Under 40 award! The award is given to 20 local men and women under the age of 40 who have “demonstrated excellence in their professions and commitment to community service.”
Our friends over at Red Canary Video and Web Production Studio have been hard at work making some commercials for Central Coast Lending. Here’s a few photos from the video shoot- stay tuned for more!