PV Money Matters

As an estate planning attorney, Gregory Becker is an expert in helping people structure their residential mortgages and plan for their wealth upon their passing.
He says one common asset among most clients is their primary residents but wealth would include business interests, other real estate holdings and retirement assets. Early in his career, Becker obtained a California Real Estate Broker’s license and did nothing with it for a year. As rates fell, he used his license to help family and friends. As rates fell further he became busier doing estate planning by day and working on the financing files at night.
Since then and for the last 20 years, Becker has helped many homeowners with the structuring of their residential mortgages. He believes personal wealth can be greatly enhanced through the proper use of residential financing. The government recognizes the importance of home ownership and has several agencies that were created to help increase homeownership including the Federal Housing Finance Agency (FHFA) Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Corporation.)
Conforming loans are one vehicle these agencies use to achieve their goals. A conforming loan is a loan that conforms to the guidelines set by Fannie Mae or Freddie Mac. The loan has flexible and consistent underwriting guidelines, competitive pricing, low down payment options and a variety of loan program options.
With the conforming loan limit continuing to increase considerably over the last several years Becker anticipates rate hikes and believes now is a good time for homeowners to revisit their mortgages. Conforming loans typically offer lower interest rates than other types of mortgages. Lenders prefer to issue conforming loans because they can be packaged and sold in the secondary mortgage market.

        Conforming loans are the perfect choice for borrowers with high credit scores, making them a great option if your goal is to get a low monthly payment. Contact Gregory Becker to learn more about conforming loans and to see if this would benefit your family.
Becker and his wife Tiffany were both raised and educated In Palos Verdes. Today, they are raising their three children in PV. Ethan and Caroline both attend Peninsula High and Landon attends Miraleste Intermediate. Tiffany, who is a practicing Palos Verdes pediatrician, and Greg balance their busy careers with family trips to Palm Springs, the mountains and the wine country.