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The HOP (The Home Ownership Podcast) Episode 33: Stricter Loan Approval in 2021

The Hop

Release Date: 01/22/2021

The HOP (Home Ownership Podcast) Episode 48: When Purchasing a Home, Consult a Professional show art The HOP (Home Ownership Podcast) Episode 48: When Purchasing a Home, Consult a Professional

The Hop

When buying a home, the interest rate on your mortgage is locked in upon accepting the offer. Working with an experienced realtor is essential to your success when purchasing real-estate. Consult a professional to guide you through the home buying process. If there are any inquiries, comments, questions, or stories you would like to share with The HOP, email [email protected] and follow David on his website, www.davidcharlesallen.com or call direct 805.617.9311

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The HOP (Homeownership Podcast) Episode 47: Sellers Advised to get their Pre-Inspection Done Ahead of Time show art The HOP (Homeownership Podcast) Episode 47: Sellers Advised to get their Pre-Inspection Done Ahead of Time

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Over the past few weeks, housing supplies and interest rates remain low, ranging from 3.15 - 3.25%.  In past episodes, has given great advice to buyers on how they can position themselves to purchase a home.  In this episode, he shares advice with sellers, advising them to get their pre-inspections done and to have their property move in ready.  This way, the price the seller sets can reflect any repairs that need to be done.  Buyers will be comfortable and more likely to bid on the home.  Patti and David also discuss their pooches and what to keep and what to discard...

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The HOP (Homeownership Podcast) Episode 46: With Few Homes Available, Buyers Pare Down their Wish Lists show art The HOP (Homeownership Podcast) Episode 46: With Few Homes Available, Buyers Pare Down their Wish Lists

The Hop

In this competitive market, buyers may not get everything on their wish-list, so David recommends thinking about what's most important to you.  In this insightful episode, David discusses low interest rates, limited availability and the real estate profession--it's highs and its lows.  

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The HOP (Homeownership Podcast) Episode 45: How the Average Buyer Can Compete with All-Cash Offers show art The HOP (Homeownership Podcast) Episode 45: How the Average Buyer Can Compete with All-Cash Offers

The Hop

As few new houses come on the market, many buyers are being outbid by all-cash offers.  shares a great tip, encouraging buyers (who will be getting a loan) to compete with the all-cash offers by going through the entire underwriting process, before they put in an offer.  

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The HOP (Homeownership Podcast) Episode 44: Buyers Must be Prepared in Order to Move Quickly! show art The HOP (Homeownership Podcast) Episode 44: Buyers Must be Prepared in Order to Move Quickly!

The Hop

This episode reports on the surf, the opportunity to be a volunteer dog walker for the humane society, and of course--the real estate market.  Interest rates dropped slightly last week and new houses that come up for sale are receiving multiple offers, usually OVER the asking price.  David urges buyers to be prepared so when they do find the house they want, they   can move QUICKLY!  Be sure to visit for more information and to learn about real estate in the Santa Barbara area.    

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The HOP (Homeownership Podcast) Episode 43: Why Today's Hot Seller's Market won't Lead to a Crash in the Near Future show art The HOP (Homeownership Podcast) Episode 43: Why Today's Hot Seller's Market won't Lead to a Crash in the Near Future

The Hop

David reports on interest rates, which went up slightly to 3.375 for conforming 30-year fixed loans and to 3.125 for non-conforming jumbo loans.  Last week in Santa Barbara, there were more listings than pendings and a number of sellers dropped their prices after being listed for only about a week.  (David surmised it may have been because they were overpriced to begin with--and not based on comparables.)  David also explained why today's market is so very different from what led to the real estate crash and foreclosures in 2008.  Listen to the entire episode to learn...

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The HOP (Home Ownership Podcast) Episode 42: With Special Guest, Jeff Smedstad--Elote Cafe's Owner & Chef show art The HOP (Home Ownership Podcast) Episode 42: With Special Guest, Jeff Smedstad--Elote Cafe's Owner & Chef

The Hop

reports on the latest interest rates and real estate stats and then interviews special guest, Jeff Smedstad--chef at the world-famous in Sedona.  Jeff discovered long ago that cooking for people makes them happy and he's made a lot of people happy at Elote Cafe!  His route to becoming a world-class chef took a circuitous route--starting with cooking for shipmates in the Coast Guard, travelling throughout Mexico,  and of course, attending cooking school.   To view Elote's menu, and to make your reservations, visit For real estate questions, visit...

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The HOP (Home Ownership Podcast) Episode 41: Santa Barbara Sellers Receive Multiple Offers Over Asking Price show art The HOP (Home Ownership Podcast) Episode 41: Santa Barbara Sellers Receive Multiple Offers Over Asking Price

The Hop

With half as many homes available for sale this year as compared to last year, it's definitely a seller's market.  Host, David Charles Allen, reports that a nice home in Goleta had twenty offers and closed for $200,00 over the asking price!  Interest rates have risen to 3.25-3.5% and buyers fear that they'll keep rising, driving even more demand! In order to get into a house, buyers are having to prioritize the one thing they can't live without, while in the past, they would have had a longer checklist.  https://www.davidcharlesallen.com

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The HOP (Home Ownership Podcast) Episode 40: Hopeful Buyers and Low Inventory show art The HOP (Home Ownership Podcast) Episode 40: Hopeful Buyers and Low Inventory

The Hop

David reports on the Santa Barbara housing stats and with only a few new listings, encourages buyers to exercise patience. 

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The HOP (Home Ownership Podcast) Episode 39: Goldmark Jewelers Featuring Cal Brockman show art The HOP (Home Ownership Podcast) Episode 39: Goldmark Jewelers Featuring Cal Brockman

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David describes a home listing recently posted in Solvang, CA that is now available for purchase. Learn more by contacting [email protected] This week on The HOP, Host David Charles Allen and Co-host Patti Teel interview Cal Brockman of ‘Goldmark Jewelers’. Cal describes his passion for gemstones and explains how he got into making jewelry. Learn more about Cal Brockman and Goldmark Jewelers by visiting Email Cal Brockman or visit his store in Portland, OR If there are any inquiries, comments, questions, or stories you would like to share with The HOP, email...

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In the current market, mortgage rates are fluctuating regularly. The loan underwriting process is a stricter these days and your credit score will need to be comparatively higher in order to get approved for a home loan.

If there are any inquiries, comments, questions, or stories you would like to share with The HOP, email [email protected] and follow David on his website, www.davidcharlesallen.com or call direct 805.617.9311