Mayer Dallal’s Press Page

Jumbo loan guide 2022: Loan limits and how to qualify

“‘First, they offer higher loan limits for a larger house purchase,’ notes Mayer Dallal, managing director at MBANC in Manhattan Beach, California. If you’re looking for homes at a certain price point — starting near $1 million or higher, depending on down payment — a jumbo loan may be your best and only option.”

House Hunters Who Lost Out Last Year Are Back at It — This Time With New Tactics

“’They’re going to have to up their budgets,’ says Mayer Dallal, managing director at mortgage lender MBANC. ‘Interest rates are going to keep creeping up, and home prices may either continue to rise or may flatten, but I don’t see them going down anytime soon. A budget that was reasonable a couple of months ago may not be as interest rates climb.’”

Mayer Dallal of MBANC discusses the end of Zillow’s home buying arm

“Mayer Dallal of mortgage lender MBANC discusses the closure of Zillow’s home-flipping venture, Zillow Offers.” View the full YouTube video here.

Underwriting: The risk-assessment process used in everything from IPOs to life insurance

“‘Underwriting is basically just verifying all of the information the borrower has provided on their loan application — their income, their tax returns, their bank accounts and other assets,’ says Mayer Dallal, managing director at Mortgage Bank of California. ‘[Lenders] look at debt-to-income ratio — basically, how much you owe versus how much you earn. [Lenders] also check credit scores — it’s difficult to overstate the importance of a credit rating to the process. Then we get an appraisal of the property to see if the loan amount is appropriate, and do a title search to make sure there are no liens on the property.'” Read more of Mayer’s advice in this Business Insider article!

What is Refi Possible? Freddie Mac’s low-income refi program

“’A lot of people have been struggling during the pandemic. Many yearn to refinance but worry that they won’t be able to lower their interest rate or pay for refinancing closing costs,’ says Mayer Dallal, managing director for California-based mortgage lender MBANC.”

NTD News | Mayer Dallal of Mortgage Lender MBANC on Rising Interest Rates’ Effect on Housing Market

“Mayer Dallal of mortgage lender MBANC discusses rising interest rates’ effect on the housing market with NTD News.” Watch the full video here.

Can You Pay Your Mortgage With a Credit Card?

“There are several ways to pay a mortgage with a credit card. In most cases, though, this doesn’t include paying your mortgage with a credit card directly to your lender. ‘It’s important to be aware that all of the various avenues rack up fees that may add up to be higher than any late fee you’re trying to avoid, or more expensive than just buying those airline miles or other credit card rewards outright,’ says Mayer Dallal, managing director of MBANC in Manhattan Beach, Calif.”

Owning a home is now cheaper than renting in some housing markets

“But there are other factors to consider. While the monthly payment on a mortgage might be less than the rent, Mayer Dallal, managing director at mortgage lender MBANC, told us that buyers must face some harsh financial realities.” Read more of Mayer’s input on Consumer Affairs!

Tips for Getting a Mortgage You Can Actually Afford

“Hear tips from Mayer Dallal, a mortgage expert with MBANC, on how to get a mortgage, what type of mortgage works best for people of different incomes, and what kind of documents you may need.”

House Hunters Who Lost Out Last Year Are Back at It — This Time With New Tactics

“’They’re going to have to up their budgets,’ says Mayer Dallal, managing director at mortgage lender MBANC. ‘Interest rates are going to keep creeping up, and home prices may either continue to rise or may flatten, but I don’t see them going down anytime soon. A budget that was reasonable a couple of months ago may not be as interest rates climb.’”