Standard Mortgage Financial Services, Inc.

07/01/2022

Read more about CMA's Member Spotlight: Pam Sosa of Standard Mortgage Financial Services, Inc. in the latest issue of CMA Points of Interest! https://bit.ly/3635B1x

07/01/2022

Congratulations to the 2022-2023 CMA Officers President Shafiq Taymuree of Stonecrest Financial; Vice President, Bradley Laddusaw, CPA of S&L Capital Group; Secretary, Odell Murry of MAI Financial Services, Inc.; and Treasurer, Pam Sosa of Standard Mortgage Financial Services, Inc.

05/29/2020

Since I'm isolated anyway.....

I am very excited to be a panelist at the upcoming webinar entitled "More Than One Investor on the Note? Legal and Practical Advice"

Sponsored by Geraci LLC and the California Mortgage Association.

https://us02web.zoom.us/webinar/register/7415894897434/WN_48gnON2mQ82f1POl9BOxIQ

05/29/2020

I am very excited to be a panelist at the upcoming webinar entitled "More Than One Investor on the Note? Legal and Practical Advice"

Sponsored by Geraci LLC and the California Mortgage Association.

https://us02web.zoom.us/webinar/register/7415894897434/WN_48gnON2mQ82f1POl9BOxIQ

05/21/2015

While getting a preapproval on your mortgage isn’t necessary on our side of the process, it may help things go more smoothly when you’re working with a real estate agent or seller. If you’re ready to get preapproved, we’re here for you.

05/19/2015

When considering how much of a mortgage you can actually afford, there are several things you need to take into account. This includes your monthly expenses, income, insurance rate, and any other long term obligations or debt.

05/14/2015

The word “loan” evolved from the Old English, laen, to lend or loan. Today, it refers both to the act of lending something, particularly for short duration, and to the thing lent, especially when the loan involves money to be repaid over time and with interest.

05/12/2015

While a one-percentage-point difference in a mortgage interest rate may not sound like that much, the truth is that it makes a big difference in monthly payments. One percentage point lower generally means the mortgage payment will be at least 10% lower.

05/07/2015

Many financial management experts recommend paying off your home mortgage early. Why? When you pay off the mortgage early, you save money on interest, you significantly reduce your outstanding debt load, and you own your home “free and clear.”

05/05/2015

The word "mortgage" is derived from a word that meant "death contract," but it's not as morbid as it seems. Death in this case refers to the end of the obligation rather than the borrower, whether that occurs through the repayment of the loan or foreclosure.

04/30/2015

One of the biggest changes that came with the introduction of the modern mortgage structure by the FHA in 1934 was in down payment requirements. Here, the FHA set up programs that offered 80 percent loan to value and higher, creating many more opportunities for the average American to own a home.

04/28/2015

There are reasons to refinance a mortgage besides just getting a lower interest rate. Some homeowners choose to do a re-fi so they can combine the mortgage with a home equity loan at a fixed rate, or to convert an adjustable-rate mortgage into a fixed one with more stability.