Lender’s Corner

Thanks for stopping by our Lender’s Corner.  We will feature a weekly column from Mondie Pic’l, my personal mortgage consultant.

Mondie Pic'l Mortgage Consultant

Here’s a little more information about Mondie and below.  Check back often to see the latest and greatest in the Pasadena area mortgage arena.

Mondie Pic’l is the Production Manager for PrimeLending a Plains Capital Company and a national direct lender. She has over 25 years mortgage banking experience and has demonstrated a lasting commitment to providing personalized customer service.
Mondie has proven that a mortgage business can be built one satisfied customer at time. Mondie’s business is driven by satisfied customers and referral partners. Her extensive expertise in underwriting is crucial when helping her customers navigate the today’s more stringent credit guidelines. She strives to understand the individual financial needs of each customer and assist them in structuring the best loan for their situation. Mondie believes that information and communication are the keys to a successful transaction; her primary goal is to share her knowledge with borrowers to produce outstanding results.

Mondie was in the top 10% of Mortgage Originators at Wells Fargo Bank from 2004 until 2008. She was recognized for her customer satisfaction in 2006, 2007, 2008 and 2009 with an average over 95% customer satisfaction.

Although Mondie has an unusual name she was born and raised in Southern California. She is married to her husband Greg who the IT manager for a top 5 accounting firm. She also has a beautiful daughter, Danielle who is in the third grade.
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Please feel free to visit Mondie’s web site at www.mondiepicl.com or send her an e-mail at mpicl(at)primelending(dot)com. Her direct line is 626-233-1303

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IRS Tax Tips About Mortgage Debt Forgiveness

Important Facts about Mortgage Debt Forgiveness for Pasadena home owners

If your lender cancelled or forgave your mortgage debt, you generally have to pay tax on that amount. But there are exceptions to this rule for some homeowners who had mortgage debt forgiven in 2012.

READ MORE:  Life after foreclosure or short sale

Here are 10 key facts from the IRS about mortgage debt forgiveness:

1. Cancelled debt normally results in taxable income. However, you may be able to exclude the cancelled debt from your income if the debt was a mortgage on your main home.

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FNMA HomeStyle Mortgage comes to the rescue

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Jumbo loans still exist, however, the financing looks very different.

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Mortgage Insurance Options

Mortgage insurance is a lot like medicine. You know you have to have it but it doesn’t mean you have to like it.

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Getting a great interest rate is a matter of perspective.

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Good news for low down payment borrowers!

Home loans are now available with low down payment options. See which one is right for you!

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Lender Consultation and Home Buyer Affordability

The questions that a lender asks you during your pre-approval consultation are critical!

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