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Best rate scenario still can be around 3.375% for Jumbo. But if the loan amount is less than 1 million or LTV over 65%, then the rate would be over 3.43%.

A few borrowers contacted with me to refinance the existing 30 yr fixed rate to 7/1ARM. I think this is reasonable since the Fed might not increase the rate too much from the current level. And 7 years are long enough, plus the rate is much better than 30 yr fixed.

Finished 5 miles run this morning, with tempo pace around 7:30. I think I am ready for the weekend Marathon at Carlsbad. But the temperature is a little bit warm. I do not like Warm or hot temperature. But better than Boston last time when it was over 75 most of the time.

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Posted by Eric Fang on January 17th, 2019 1:26 PMLeave a Comment

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January 15th, 2019 11:06 PM
I am so busy this week. Locked more loans in the pipeline. So it will be a good year.

Bank started reporting earnings, with Citibank, Wells Fargo and Chase all missed easrnings.
And Jamie Dimon from chase said they would prepare for a recession. https://www.cnbc.com/2019/01/15/dimon-says-jpmorgan-wont-be-stupid-with-loans-as-end-of-cycle-nears.html

Have not run for the whole week. Also because I am busy. And I will run Carlsbad this weekend. Though not enough training, but I am ready.

By the way, the interest rate is still pretty good.

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Posted by Eric Fang on January 15th, 2019 11:06 PMLeave a Comment

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1)New construction is forecasted to see a slight decrease in 2019

According to Dodge Data & Analytics, a reliable source of information for the construction industry forecast, new construction will hold even with numbers from 2017 and 2018. Construction starts advanced 11 percent to 14 percent yearly from 2012 through 2015, but between 2016 and 2017, new construction saw a 7 percent increase and a mere 3 percent rise in 2018. The construction market should see similar patterns in 2019. 

Challenges facing new construction and development include an uncertain interest rate environment as well as increased labor and material costs. However, Robert A. Murray, chief economist for Dodge Data & Analytics, believes that these challenges are offset by a strong economy and slight easing of bank lending standards. 

In saying that, forecasts project that for 2019, total construction will start off with numbers similar to 2018 and end with a slight decline. Residential new home construction may see a slight drop of about 2 percent. 

Commercial buildings, including office, warehouse, and hotel construction, may also experience a weakening as we move forward into 2019. 

Overall, new construction and development will likely see a slow start for 2019. Factors that may adjust these forecasts are job growth, wage increases, a pullback in rates and the stabilization of the stock market. 


2)New home sales may decline in 2019.

As 2019 comes into view, keep an eye on what the housing market will bring. Due to uncertainty with interest rates, many prospective new homebuyers are cautiously waiting on the sidelines to see where rates may go. 

The Federal Reserve increased the Fed Funds rates in 2018 with expectations of further increases in 2019, but recent forecasts indicate that the Fed may not increase interest rates in 2019. For now, interest rates remain attractive relative to earlier in 2018, but continued uncertainty has the potential to create indecision among buyers throughout the year. 

According to the Mortgage Bankers Association (MBA), mortgage applications for newly constructed homes fell by 14 percent in November compared to October. Even with adjustments made for annual seasonal declines in the housing market, application rates were down by 11 percent from the same time in 2017. According to Joel Kan, MBA's Associate Vice President of Economic and Industry Forecasting, actual new home sales fell by 7 percent and are about 5 percent lower than November 2017. 

Since many homebuyers are on a holding pattern, housing prices are weakening in some markets and the days that a home is on the market are increasing. Instead of putting their homes on the market, many sellers are opting to stay put and build more equity in their homes while spending money on home improvements to increase values. For now, the forecast is predicting a slowdown in new home sales for 2019. 


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Posted by Eric Fang on January 11th, 2019 11:43 AMLeave a Comment

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Stocks continued to react positively to Fed Chair Powell's Jan 4th speech, where he essentially said, "we have your back"...meaning that the Fed will be "flexible" and may not raise rates at all in 2019. 

There is an old saying in the financial markets - "don't fight the Fed." This means that if the Fed is saying or doing something (hinting no rate hikes) that helps Stocks, that theme will continue until the story changes. 

Typically, when stocks move higher, so do long-term rates, like home loans. And this past week, we saw the recent nice trend of lower rates get disrupted. 

Even though the recent trend of lower rates, the lowest since the Spring, is very much at risk - we should not expect long-term rates to move too high. Why? Inflation is not a threat. 

Fed President Bullard, quoted above, also said he expects inflation to be near current levels for the next FIVE years. If that is the case, home loan rates will remain relatively attractive for longer than most expect. 

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Posted by Eric Fang on January 11th, 2019 11:38 AMLeave a Comment

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Quoted 7/1ARM rental with 4.16% for 7/1 ARM. The loan amount is $300k LTV <=65%. There is no closing cost for the loan.

It is a fantastic year for me. I locked one or a few loans every day this year. Please check with me if you have any rental refinance or purchase, or Jumbo loans.

Also, I run faster this year. Tuesday, I ran 4 miles with average pace of 6:50. This morning I ran 6 miles with average pace of 7:10. I plan to run a marathon with average pace 7:15 sometime this year or next year. Here is the pace splits for my morning run:

 

WORKOUT LAPS/SPLITS

LapDist (mi)TimeAvg (min/mi)Max (min/mi)Avg HRMax HRAvg SPMMax SPMGain (ft)Loss (ft)kCal
1.1.0010:1010:108:1212013517618675114
2.1.007:067:065:141411501952103038105
3.1.007:237:237:111451501911966251112
4.1.007:127:126:291441521902043747104
5.1.007:077:076:571521561911986056112
6.1.006:596:596:221551601922024737112
7.1.007:037:036:141551581922086366112
8.0.010:035:306:31157157210210000
Totals:7.0153:067:345:14144160190210302292771

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Posted by Eric Fang on January 10th, 2019 9:56 AMLeave a Comment

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January 8th, 2019 11:36 PM
Locked two loans Monday, another one today. And two more files in the pipeline to work on it.

It is my 52 years birthday today. I ran 5.2 miles to celebrate. The 4 miles tempo was still my fastest. I know I cheated. I wore my Nike Valorfly 4%. It is supposed to be 4% faster than normal. And it did. Here are the splits:

 

WORKOUT LAPS/SPLITS

LapDist (mi)TimeAvg (min/mi)Max (min/mi)Avg HRMax HRAvg SPMMax SPMGain (ft)Loss (ft)kCal
1.1.0010:2110:218:571161241741801210109
2.1.006:506:505:291401561992181818100
3.1.006:506:506:451561591972062315110
4.1.006:526:526:471581611962043233111
5.1.006:406:406:311611651982081833110
6.0.201:398:096:3516016518519412026
Totals:5.2039:157:325:29145165192218105105566

I think it is still hard for me to run under 20 minutes for 5k. But it would be ok to run under 21 minutes now. I should try one race sometime.

Starting this year, I jolt down 3 happy moments everyday. So I can keep a log of important moments, especially the happy moments. Here is today's list:
1)BDay wishes from friends and family. Dinner with family to celebrate.
2)Ran 5.2 Miles to Celebrate my 52 years young. Fastest 4 Miles Tempo.
3)Managed to get a good rate for my client. Though it is a hard case, I managed to nail it down.


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Posted by Eric Fang on January 8th, 2019 11:36 PMLeave a Comment

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I hope everyone had a great & happy holidays.

For me, we did not go any where. We stayed home most of the time, and went to San Francisco a few times, shopping and had the feeling of city life and a little bit hiking. My daughter has an undergraduate show for her art work, so she spent most of her time working on the projects. She won the first prize last year, and hopefully she will be doing good this year as well.

The first week of 2019 was wonderful for me. I locked 7 million (loan amount) loans already. So 2019 would be a great year for me business.

7/1 ARM jumbo rate is back. I locked a few for the rate around 3.375% to 3.5%(LTV <=60%, with loan over a million). Also, other conforming ARM rate are very good as well.

Please call me 650-483-9278 or email me efloans@gmail.com for your loan scenario.

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Posted by Eric Fang on January 7th, 2019 10:20 AMLeave a Comment

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December 26th, 2018 10:53 PM
Effective Jan 1, 2019:
1)City of Berkeley:

Full Value of $1,500,000 or less          1.50%

Full Value $1,500,001 and above          2.50%

2)City of Oakland:
Full Value of $300,000 or less            1%
Full Value of $300,001 to 2M             1.5%
Full Value of $2m+$1 to 5M                1.75%
Over 5M                                               2.5%

3)City of El Cerrito:                 1.2% for all values.

4)City of Richmond:
Full Value of less than 1M                  0.7%
Full Value of $1m to $3m                   1.25%
Full Value of $3m+$1 to 10M             2.5%

5)City of Hayward:
Full Value of less than 1M                  0.85%


So your closing cost for the purchase might change a little bit for those cities.


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Posted by Eric Fang on December 26th, 2018 10:53 PMLeave a Comment

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12 Cleveland, Ohio
11 San Jose, Calif.
10 Seattle, Wash.
9 Columbus, Ohio
8 Rochester, N.Y.
7 Denver, Colo.
6 St. Louis, Mo.
5 Kansas City, Mo.
4 Buffalo, N.Y.
3 Minneapolis, Minn.
2 Pittsburgh, Pa.
1 Salt Lake City, Utah

Was a little bit surprised that Portland is not on the list this year.

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Posted by Eric Fang on December 22nd, 2018 7:05 AMLeave a Comment

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December 20th, 2018 3:06 PM
7/1 ARM rate is very very good, even though after Fed increased the Fed rate for another quarter on Dec 19th.

Locked about 5 loans already. A few loans in the pipleline.

Please call 650-483-9278 or email me efloans@gmail.com for the loan scenarios. My rates are much better than other lenders now.

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Posted by Eric Fang on December 20th, 2018 3:06 PMLeave a Comment

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December 18th, 2018 1:58 PM
Let me start with a scenario first. Borrower A has a credit score of 720. For 7/1ARM loan program, the rate is above 0.375% higher, compared to 760 credit score, the LTV 75%. Normally we will provide a few options to the borrower, option 1 with $5000 lender credit to cover the closing. Option 2 with $2500 credit, option 3 with $0 lender credit. And some borrower will choose the rate directly. Some choose lower rates, some choose higher for more lender credits.

When I talked to this prospects, I would check the credit reports first, try to find out why the credit score is low, can we fix the credit score? How much credit score can we help to improve, and how long does it take to fix it? The different answers might affect borrower's decisions, and as a mortgage consultant, we need to let borrowers understand the options.

And also, I did not do the pre-approval for the loan for this purchase. If I did, I would try to ask the borrowers to improve the credit scores first. We found a few scenarios that the rate difference is huge if the credit score is low.

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Posted by Eric Fang on December 18th, 2018 1:58 PMLeave a Comment

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December 11th, 2018 10:59 PM
Yes, I ran another half marathon on Dec 8th. The finish time was 1:36:40. Not bad at all after the CIM race. I might be PR if I did not have the CIM. the first 9 miles pace was ok, around 7:10.

Finished a few Chinese books last week. Just  started Friend & Foe two days back. I read the English version first, then the Chinese version. It went pretty well. Already finished first two chapters.

Last Friday, I met the coach from Dale Carnegie Training. I contacted with them myself. I told them that I would try to improve my social skills, my interpersonal skills and communication skills. It is an 8 week training, but I can take it for free within a year if I want to. Hopefully I can benefit from the course. It starts Jan 8th, and I know the course is not cheap. But I think it is worth the money.

Locked a few Jumbo refinance loans recently with good rates. Shoot me an email if you are interested. The ARM rates could be as low as 3.625% with APR around 4.9%.

Also, I plan to send out a few books for: Friend & Foe: When to Cooperate, When to Compete, and How to Succeed at Both. Let me know if you are interested.

I know the stock market is down. I picked up some stocks recently. I might get more QQQ later on.


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Posted by Eric Fang on December 11th, 2018 10:59 PMLeave a Comment

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This past Thursday, thanks to uncertainty around the U.S. and China trade deal, fear of slowing global economic growth, a roughed-up Stock market and the likelihood of fewer Fed rate hikes, the Bond market and home loan rates hit their best levels in three months.

On Friday, the Labor Department reported that 155,000 jobs were created in November, a bit less than expectations of 189,000. The labor market remains incredibly strong and wages are rising at fastest pace in a decade.

Low rates coupled with a solid labor market and rising wages make for great home purchase conditions.

It appears the highest home loan rates for 2018 are behind us and with low inflation and low bond yields in Europe and Asia, our home loan rates should not go too high for the foreseeable future. That is great news as we head into 2019.     

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Posted by Eric Fang on December 7th, 2018 12:06 PMLeave a Comment

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Legendary investor and billionaire Warren Buffett has a tip for young people: Focus on learning how to write and speak clearly.

Here is the link: https://www.cnbc.com/2018/12/05/warren-buffett-how-to-increase-your-worth-by-50-percent.html?utm_source=pocket&utm_medium=email&utm_campaign=pockethits

“If you can’t communicate, it’s like winking at a girl in the dark — nothing happens. You can have all the brainpower in the world, but you have to be able to transmit it,” Buffett continues.

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Posted by Eric Fang on December 7th, 2018 11:22 AMLeave a Comment

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December 6th, 2018 9:42 PM
Please call me or email me if you are interested. The rates are low recently because of the volatile stocks markets.


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Posted by Eric Fang on December 6th, 2018 9:42 PMLeave a Comment

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December 2nd, 2018 8:19 PM

I ran 2018 California International Marathon Dec 2nd, 2018. The finish time is: 3:20:13.
It was 8 minutes faster than my record. I have to congratulate myself for such a big achievement.


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Posted by Eric Fang on December 2nd, 2018 8:19 PMLeave a Comment

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November 30th, 2018 10:23 PM
I just got in Berlin Marathon on  Sep 29, 2019. And two weeks later, I will have Chicago Marathon on Oct 13, 2019. How can I handle the two major marathons? And I plan to stay in Europe after the race for two weeks.

Please see the link here for the races I completed, and the upcoming races for 2019: http://www.ericfang.com/MarathonCompleted

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Posted by Eric Fang on November 30th, 2018 10:23 PMLeave a Comment

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November 28th, 2018 4:03 PM
Personally I think I changed a lot this year. First, I read a lot of Books this year. Last year, I mainly read books in English, and this year, I read more in Chinese. But mainly the translated ones. Those were written in foreign languages, but translated in Chinese, most of them were pretty good.

I made a career change myself this year. I am working for a major bank now, actually the 5th largest bank in the world. One reason is that the rate is better, and I have access to more niche market. I closed a few more loans this year, even when the rate went up most of the time this year.

I always positioned myself different from other loan agents, I can talk to my clients, share with them about my stories, how I lose weight of 35 lbs within 3 years, how I started my business though I am not a very social guy. And how I overcome a lot of difficulties.

After I started running marathons, I know the difficulty time is the last 6 miles, and if you can hold on for those miles, finishing one marathon is not difficulty. And whenever I have problems, I will think I can resolve them, and if I can hold on, everything should be fine.

Yesterday, one lady shared with me her story starting with saving $100 per month. When she just started her first job, she met a guy on the job, who changed her life. One day, he told him that I noticed that you liked to drink coffee everyday, and if you start saving the coffee money, and let's how it will change. So she started saving $100 per month, and when she had more, she saved more, and she invested them all in the mutual fund. 
And 5 years later, she found that she had $100k.

 Then she decided to purchase a property. The property(a condo) was around 500k, and she took piggy back loans since she did not have 20% down(she kept some for travel, other reserves etc).

Then another 5 years passed, she had a very good boy friend, and they saved money together, and suddenly they had $300k in the savings.

At the mean time, the mortgage broker was also her friend, and suggested her to purchase two rentals in the bay area. And she did. The two properties appreciated over $1m after the purchase.

And she felt satisfied and accomplished. And she and the boyfriend(future husband) liked travels a lot. And at the meantime, she had a dream to purchase a waterfront house in the bay area. And it was expensive.  But the first mentor told her that the waterfront house was not good for them. The reason was that the young couple loved travels, and had no time to maintain a single house, let alone the water front one. He suggested them to keep or purchase the condo. Even though this might not be the best investment property, but condo seems better for them. And they listened.

So they refinanced the first condo, with 10/1ARM interest only loan(with monthly a little bit over $1000. She used the money she saved from the condo purchased a VUL(Variable Universal life), which has enough cash value now and she ould withdraw whenever she needed it.  And Then took a heloc from the condo, use the heloc as the down payment, and purchased another luxury condo.

So after careful planning, she has 4 properties, one life insurance policy to take care of the family, positive cash flows from the investment. And she said those professionals changed her life.

One thing she mentioned that as mortgage professional, this is not just about the rate, there are also a lot of mortgage planning. And that is why we sometimes have the title as "Mortgage Consultant". Yes, my current title is Premier Mortgage Consultant. And I would like to spend my time to affect other people's life, in a positive way.

I do have lots of clients, and they take my advice seriously. And they built the portfolio like crazy, some of them purchase properties, others buy stocks/mutual funds. I even have a client who become a developer now(he build homes now in the bay area). I can get you the links if you like.

Have a nice day. And will share more stories later on. I may changed a little bit. Most of them are real.

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Posted by Eric Fang on November 28th, 2018 4:03 PMLeave a Comment

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November 27th, 2018 11:08 PM
The limit increased to $484,350 for conforming loans, and the high balance loan limit will be different for different areas. For the bay area, the HB limit would be $726,525.
Sacramento, $552k. San Diego: 690k. Ventura 713k.

I will run my last marathon of this year this Sunday. The weather is perfect, and I think I should run well(I wish).

I had a training in San Francisco today. And one lady shared about her experience about how several people made impact on her life. I will share the story tomorrow, and I will add some other stories as well. Stay tuned.

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Posted by Eric Fang on November 27th, 2018 11:08 PMLeave a Comment

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It is pretty much sure that Fed will increase the interest rate on the Dec meeting. And originally Fed planned for 3 rate hikes in 2019. With the current volatile stock market and slow growth in Japan and Germany, will Fed changed the plan and re-assess the plan to 3 hikes next year?

https://finance.yahoo.com/news/fed-apos-likely-rate-hike-163553943.html

And Trump wants Fed to cut the rates, though I think it is almost impossible with the strong economy and low unemployment rate.

https://finance.yahoo.com/m/2d1edb28-c9b1-3a90-9383-6baeeee0744c/trump-wants-fed-to-cut.html

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Posted by Eric Fang on November 21st, 2018 10:17 AMLeave a Comment

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It's clear to see there "ain't" much love in the process of the U.K. leaving the European Union (EU) in the so-called "Brexit."

The long-awaited Brexit agreement was dealt a big blow this past Thursday when two top Brexit officials and four Jr Ministers quit - citing the deal Prime Minister Theresa May reached with the EU was no good.

What does it mean for housing?

The U.S. Dollar, U.S. Bonds and home loan rates benefitted from the Brexit chaos as global investors parked their money in the relative safety of U.S. Dollar denominated assets (currency and Bonds) in what is called a "safe-haven" trade.

The U.S. Dollar had already been rising in value versus other global currencies and there are a couple of effects worth following:
  1. A strong U.S. Dollar tamps down inflation as it lowers commodity prices like oil. Have you noticed the recent price decline of gas at the pump? This is like a tax cut for the consumer looking to purchase a home.
  2. It makes U.S. imports cheaper. This along with lower oil keeps inflation down, which is good for long-term rates like mortgages.
  3. If the U.S. dollar strengthens further, the Fed may not raise rates as expected in 2019 because more hikes would further suppress inflation, which is already tame - again, good for home loan rates.

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Posted by Eric Fang on November 18th, 2018 10:29 PMLeave a Comment

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November 14th, 2018 1:37 PM

Quoted a few rates for the clients, like 250k loan with 5/1 ARM 4.125% or 7/1 ARM 4.375% with APR around 4.95%. Those rates are for no closing cost loans, not bad for the refinance and with small loan amount.

And also for those who paid off the 1st mortgage, we can offer heloc. And the rate is also pretty good. Please let me know if you are interested.

Air quality was so bad recently. I managed to have a good run this morning. Just plan to keep the shape so that I would be ready for the Marathon two weeks later.

 

WORKOUT LAPS/SPLITS

LapDist (mi)TimeAvg (min/mi)Max (min/mi)Avg HRMax HRAvg SPMMax SPMGain (ft)Loss (ft)kCal
1.1.009:569:568:551141251821902130106
2.1.009:009:007:42122129183194585496
3.1.007:337:336:11132143194212514199
4.1.007:487:487:171391441921963939106
5.1.007:427:427:291411471911942427107
6.1.007:377:377:221431471921984926106
7.1.007:477:477:371421461911963548104
8.1.007:467:467:191421461891964135101
9.0.535:2710:137:391261421731900043
Totals:8.531:10:398:166:25133147188212308285868

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Posted by Eric Fang on November 14th, 2018 1:37 PMLeave a Comment

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November 9th, 2018 10:08 PM
We can have heloc rate of up to prime - 0.5% right now(lifetime rate, not a promotion for a few months of years), please let me know if you are interested.

And we can do HELOC for rental properties as well. Just it has some restrictions.


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Posted by Eric Fang on November 9th, 2018 10:08 PMLeave a Comment

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November 8th, 2018 12:51 PM
Please find the loans we can offer:

1.       Debt-To-Income Ratio 50% for US residents.  Loan amount up to $5 million. DTI can be up to 55% with management exception.

 2.       Interest Only Payment Option for Investment Occupancy, 2nd homes and Primary Residences.  Loan amount up to $3 million.

 3.       New-To-Country Buyers & Foreign Nationals without US Credit History or US Income.  Loan amount up to $5 million. 

 4.       90% Financing for Primary Residence Occupancy, loan amount up to $1.5 million.  80% Financing, loan up to $5 million for Primary Residence.

 

5.       Family Assisted Program for US and International Buyers.  Allowing family members to help with income qualification for occupying buyers.

 6.       Gift Money allowed to be used for the entire down payment and closing costs.

 7.       Asset Based Lending for income qualification.  Ideal for buyers with limited employment income but have substantial assets.

 8.   Cash Out refinance available for investment properties – source for down payment for another purchases!.

And yes, I finished another 15 miles this morning. See the link below:
http://ericfang.blogspot.com/2018/11/workout-for-nov-5th-to-nov-11th-total.html

Completed the list of the marathons for 2019.  See the list here: http://www.ericfang.com/MarathonCompleted. We are planning for the April 2020 Paris Marathon if I do not run Boston Marathon.


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Posted by Eric Fang on November 8th, 2018 12:51 PMLeave a Comment

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I ran the tune up race of 20 miles, and my finish time is 2:32:14, with average 7:34 per mile.
This is a great race, and I need the PR badly since I did not make any progress for the past two years. Here are the splits:

 

WORKOUT LAPS/SPLITS

LapDist (mi)TimeAvg (min/mi)Max (min/mi)Avg HRMax HRAvg SPMMax SPMGain (ft)Loss (ft)kCal
1.1.007:397:397:031391521881942727109
2.1.007:417:417:00151159187200165119
3.1.007:477:477:0515015418819805119
4.1.007:377:376:54153158189196100118
5.1.007:457:457:251531581901982416119
6.1.007:437:437:091541581902101021118
7.1.007:287:287:001551591942041011116
8.1.007:187:186:4815716219620800113
9.1.007:057:056:351631671962041216116
10.1.007:177:176:56162165194200716118
11.1.007:227:226:5916116419320006118
12.1.007:217:217:04161165196202516116
13.1.007:277:277:111621661952023924118
14.1.007:227:226:56163170195202036118
15.1.007:307:307:11163165194200105119
16.1.007:457:457:2416216619119655121
17.1.007:357:357:12164169192200185121
18.1.007:507:507:1416416819119850125
19.1.007:597:597:4216316718919400126
20.1.007:537:536:591641681901982220125
21.0.100:406:316:141691722002040011
Totals:20.102:32:147:346:171581721922102032102,383


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Posted by Eric Fang on November 4th, 2018 7:26 PMLeave a Comment

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November 2nd, 2018 9:21 AM
Please see the link below about the story: https://humanwhocodes.com/blog/2018/10/my-somewhat-complete-salary-history-software-engineer/?utm_source=pocket&utm_medium=email&utm_campaign=pockethits

It listed his experience and the history of the salary increase for the past a few years. And he said that on average, he would get 10k salary increase every year.

And there is another article about people's reaction when they knew the other's salary:
https://hbr.org/2018/10/the-motivating-and-demotivating-effects-of-learning-others-salaries?utm_source=pocket&utm_medium=email&utm_campaign=pockethits

And another prediction, there will be no need for appraisers: Technology will help compile and assess property data so that the future of real estate appraisers is that they won’t exist.

And we might not need that many loan brokers any more. I will tell you the story next week.

I missed a massage yesterday and I forgot that I have a 20 mile race this weekend. That might mean I am not in the perfect race mood. I will try my best. I am still debating whether I should race the pace of 8 minutes per mile or 7:49. I will decide this Sunday.

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Posted by Eric Fang on November 2nd, 2018 9:21 AMLeave a Comment

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November 1st, 2018 12:20 PM
The most important thing is keep trying.

I do not know whether I am doing successfully for my career. At least I am happy with what I am doing and I love what I am doing, and I have a financial secure life.

One thing I learnt was to keep trying. The mortgage business was slowing down recently. I told my friends that we need to keep exercising so that we can have a good health and we are able to work long hours when the rate is getting better.

I remembered when I started my business in 2003, I sent flyers to all my neighbors, I went to talk to the neighbors door to door. I got so many rejections, and got only 2 applications after visiting around 500 homes. I know the percentage was low, but at least I got the ball rolling, and at the meantime I let all the people I knew that I am in the mortgage business. And suddenly the business flourished. And I became one of the top 1% producers.

I did two workout this morning. The first workout was supposed to run 5 sets of running with 3 minutes faster and 2 minutes slow, total of 25 minutes. But I lost the rhythm. So I did poorly for the first a few miles.  Then after 4 miles, I was able to run pace of 8 minutes per mile, and finished 7:44. So I gained a little bit confidence for the last 3 miles. After resting for another hour, I ran another 8 miles, with 7 miles at pace around 7:50. Not a bad workout finally.

You can see my workout at http://ericfang.blogspot.com/. I have some good days, some bad days, and I am still trying. Still try to have another PR sometime, even though I am a little older day after day.

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Posted by Eric Fang on November 1st, 2018 12:20 PMLeave a Comment

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October 30th, 2018 1:14 PM
Still did not have the time to read: The most important thing for the last a few days. But when we are getting older, we will think that the most important thing is your health and your family.

For me, one of my social is running. And I do not have much other socials(other than parties) recently. I used to like playing cards, the bridge, and Majong, etc. And recently I like to spend more time exercising and staying with my family.

One of my friends gave me a piece of very good advice last week: the best way to love your kids is: take good care of yourself and have a good health. I second about it. I do not want my daughter to spend too much time to take care of me when I am getting very old. I would rather do lot of chores myself and I can walk around etc.

That's why I run a lot, I bike and go swimming etc. I know I spent too much time on the work before. But after I reached the age of 45, I started taking a nap every day, and have a very good sleep each night. And I think I am in very good condition.

By the way, I think slow running is very good for your health. Maybe that's the reason I can not run faster any more. I tried to run the pace of 7:50 today, but I ended up running at the pace 8:40. Too bad for the training, but not bad for the overall health.


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Posted by Eric Fang on October 30th, 2018 1:14 PMLeave a Comment

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"The key to making money in stocks is not getting scared out of them..." Peter Lynch 

Folks didn't receive that memo this past week as the threat of rising rates and some not-so-rosy outlooks from firms like Amazon definitely frightened investors, who fled from Stocks. 

All three major Stock indices - the Dow Jones, S&P 500 and Nasdaq sold off hard this week and are now flat-to-negative for the year. 

Even a better than expected 3rd Quarter GDP reading of 3.5% along with a stellar consumer spending reading on Friday could not help Stocks avoid a selloff at the open. 

The Bond market welcomed some of the money from the Stock selloff, thus helping home loan rates improve slightly. 

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Posted by Eric Fang on October 26th, 2018 5:41 PMLeave a Comment

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October 26th, 2018 12:46 PM
Anyway, I do not timing the market. I purchased some SP 500 index funds today. And some T(AT&T for the 6% dividends), and WFC. But mainly SP index. That's my goal to purchase as much as the index funds as possible.

And I will purchase more if the market is down another 5%. Basically I will use the dividends I got each quarter, and I reinvest them into SP 500. Not much risk, any way.

Register for Chicago Marathon next year. I would run at least 6 marathons. If I can get in Berlin Marathon, I would run too. But I need wait for the lottery results.

Went to Palo Alto downtown yesterday. And I found a short cut to go back to the south bay.
If we drive on Alam St, then we can avoid the traffic. And normally if I go to SF, I would take 280.

Ran 10 miles days. Not sure about the plan for tomorrow. If my wife wants to hiking, then 10 miles hiking; otherwise, run 20 miles.

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Posted by Eric Fang on October 26th, 2018 12:46 PMLeave a Comment

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