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CMG Financial
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CMG Financial is a well-capitalized, privately held mortgage-banking firm founded in 1993. The company makes its products and services available to the market through three distinct origination channels including Correspondent Lending, Wholesale Lending and Retail Lending.

CMG Financial is currently licensed in all 50 states, including the District of Columbia, and holds federal agency lending approvals with HUD, VA, RHS, GNMA, FNMA and FHLMC. Throughout the mortgage banking and housing markets, CMG Financial is widely known for responsible lending practices, industry and consumer advocacy, product innovation, and operational efficiency.

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3160 Crow Canyon Road Suite 400, San Ramon, CA 94583
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82 Posts
CMG Financial’s Tara Pettersen Named 2022 HousingWire Woman of Influence |
CMG Financial's Tara Pettersen Named 2022 HousingWire Woman of Influence News posted On August 05, 2022 Since joining CMG in 2014, Tara has made a distinct impact both professionally and personally. With her talent and experience, she transformed the entire compliance department by redesigning its framework, hiring and training over 50 new team members, and establishing a risk management department. Despite the massive growth she's overseen in her department, Tara still prioritizes building strong relationships... more
Why Researching School Districts When Buying a Home is Important |
The top factors that most buyers look for are price, location, and a good neighborhood with amenities. Top-rated school districts normally mean safer neighborhoods. Good school districts can affect your child’s academic success and give them access to extracurricular activities and offer better options for children who have specific learning needs or learning disabilities. Top Rated Schools = Better Resale Value Homes are typically always going to be in higher demand.
Why Researching School Districts When Buying a Home is Important |
Home Prices Cooled at Fastest Recorded Pace in June |
In June, the annual pace of home price appreciation slowed by two percentage points. More houses are becoming available and fewer buyers are actively purchasing, easing the pressure to make offers over asking price. The supply of homes for sale has jumped 22% in the past two months, according to Black Knight. The Job Openings and Labor Turnover Survey (JOLTs) fell below expectations. The number of job openings and voluntary quits decreased in June. The employment report coming out this Friday will be very important.... more
Home Prices Cooled at Fastest Recorded Pace in June |
Market Update: Rates Fall; Construction Spending and Jobs Reports Coming Up This Week |
Market Update: Rates Fall; Construction Spending and Jobs Reports Coming Up This Week Blog posted on August 01, 2022 Mortgage rates took a sharp downward tumble last week. The Federal Open Market Committee (FOMC) announced another aggressive rate hike, and the GDP estimate showed another negative number for Q2 of 2022. It may sound confusing that a sharp rate hike would be a contributor for lower mortgage rates. But the Federal Reserve’s benchmark rate does not directly dictate the movement. The market has... more
Market Update: Rates Fall; Construction Spending and Jobs Reports Coming Up This Week |
6 Tips on How to Reduce Greenhouse Gas Emissions at Home |
Many parts of the world are experiencing extreme heat waves this summer. Your state and the federal governments offer incentives and tax breaks for the use of renewable energy. When replacing your current appliances be on the lookout for the Energy Star labels. Don’t be discouraged by the price tag – what you’ll end up saving will be worth it in the long run. Getting a tankless water heater installed can help you reduce your electric bill by almost $20 per month. By reducing the use for just two loads... more
6 Tips on How to Reduce Greenhouse Gas Emissions at Home |
4 Ways to Avoid Overpaying in the Current Housing Market |
Because the market was so competitive, most people who wanted to 'win the home' would end up paying much more than the listing price. As home buyer demand cools and home inventory climbs, overbidding will become much less common. "As the market shifts, buyers need to focus on their local market rather than getting swept up in national trends." Existing homes, which make up roughly 90% of home sales, saw an inventory increase of 9.6% from May to June - up to a 3-month supply at the current sales pace. With home... more
4 Ways to Avoid Overpaying in the Current Housing Market |
Market Update: Rates Fall; New Home Sales and Fed Interest Rate Decision Coming Up This Week |
Market Update: Rates Fall; New Home Sales and Fed Interest Rate Decision Coming Up This Week Blog posted On July 25, 2022 Last week, mortgage rates trended down to two-week lows due to weak economic data in the U.S. and announcements from the European Central Bank. The Philadelphia Fed Index resulted in a chart that pointed to big economic weakness, which is good news for interest rates. Lower rates in Europe can influence rate trends in the U.S. The new home sales report tracks the sales of newly constructed... more
Market Update: Rates Fall; New Home Sales and Fed Interest Rate Decision Coming Up This Week  |
How Your Rent Payments Can Help You Qualify for a Mortgage |

How Your Rent Payments Can Help You Qualify for a Mortgage

Blog posted On July 21, 2022

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One of the biggest obstacles for first-time home buyers is their limited credit history. Credit history is a big factor in the mortgage application process. However, we’re now offering an alternative solution

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How Your Rent Payments Can Help You Qualify for a Mortgage |
5 Ways to Decorate Your New Home on a Budget |
5 Ways to Decorate Your New Home on a Budget Blog posted On July 20, 2022 Moving into a new home is an exciting process, but sometimes decorating it can be an extremely daunting and expensive task. Below are five things you can do to help decorate your new home on a budget. Decorating a new home can be overwhelming, so it helps to have a plan before getting the process started. A lot of the things that you already own will likely work in your new home. For your first home, consider going to secondhand stores... more
5 Ways to Decorate Your New Home on a Budget |
4 Things to Know About the Current Housing Market |
4 Things to Know About the Current Housing Market Blog posted On July 19, 2022 2022 has been a whirlwind for the housing market. Several market conditions are beginning to shift in favor of home buyers. Danielle Hale, chief economist at Realtor.com, shed some light with four things buyers should know about the current housing market. As inventory increases, it's likely that prices will be forced lower, and buyers will have more options on the market. Regardless of what's going on in the market, it has to be... more
4 Things to Know About the Current Housing Market |
Market Update: Rates Unchanged; NAHB Housing Market Index, Housing Starts and Building Permits, and Existing Home Sales Coming Up This Week |
The National Association of Home Builders is releasing its home builder sentiment index this morning. The National Association of Home Builders' housing market sentiment index is based on a survey of home builders' perceptions on current sales activity, sales expectations for the next six months, and buyer foot traffic. In June, home builder sentiment fell to a level of 67 as rising mortgage rates continue to sway the construction outlook. Existing home sales or resales track the sales of previously constructed... more
Market Update: Rates Unchanged; NAHB Housing Market Index, Housing Starts and Building Permits, and Existing Home Sales Coming Up This Week |
Home Equity and Financial Safety: Which Loan Programs Can Help You Prepare for Uncertainty? |

Home Equity and Financial Safety: Which Loan Programs Can Help You Prepare for Uncertainty?

Blog posted On July 14, 2022

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Unlike traditional HELOCs, the All In One Loan™ can help borrowers pay off their balance in half the time without changing their budget, keep their home equity dollars available

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Home Equity and Financial Safety: Which Loan Programs Can Help You Prepare for Uncertainty? |
4 Factors to Consider When Determining Your Max Purchase Price |
4 Factors to Consider When Determining Your Max Purchase Price Blog posted On July 13, 2022 Buying a home is exciting, but it's essential to determine how much house you can afford before starting the home buying process. Below are important factors to consider before you begin your home search journey. Purchasing a home is one of the largest purchases that you will make in your lifetime, so it is important to make sure that you evaluate your finances closely to see what you can afford comfortably. Are you wanting... more
4 Factors to Consider When Determining Your Max Purchase Price |
Experts Say That Home Buyers Are Gaining More Power |
Affordability has become a large challenge, and low home inventory has left buyers few options to choose from. Greater home inventory and more options Home inventory has already begun to increase, and many listings are beginning to lower their sales prices. Seven percent of homes for sale see a price drop every week - showing that seller and buyer power is starting to reach a better balance. New home construction is also set to boost total inventory. "The bottleneck of new construction homes that were not yet... more
Experts Say That Home Buyers Are Gaining More Power |
Market Update: Rates Slightly Higher; Consumer Price Index Coming Up This Week |
Market Update: Rates Slightly Higher; Consumer Price Index Coming Up This Week Blog posted On July 11, 2022 Last week, mortgage rates trended slightly higher from their one-month lows the previous week. After last month's consumer price index release showed that inflation was still climbing, rates trended sharply upward. Later, the bond market rallied after the Federal Open Market Committee meeting and rates began trending lower. Following the report's release, the FOMC voted to raise the benchmark interest... more
Market Update: Rates Slightly Higher; Consumer Price Index Coming Up This Week  |
Reverse Mortgages: How to Make the Best Use of Money in Retirement |

Reverse Mortgages: How to Make the Best Use of Money in Retirement

Blog posted On July 07, 2022

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As homeowners age, they begin to prepare for retirement. Most homeowners would prefer to be debt-free by retirement, but many still pay a mortgage. Reverse mortgages are one home financing option that can

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Reverse Mortgages: How to Make the Best Use of Money in Retirement |
New Home vs. Existing Home: Which is Right for You? |
New Home vs. Existing Home: Which is Right for You? Blog posted On July 06, 2022 Buying a brand-new home is more appealing for many home buyers. Does 'new' always mean better quality? Here are some of the pros and cons to both new and existing homes. Purchasing a New Home Brand new, no major issues - One of the most significant advantages of moving into a new home is that all major systems should be working properly. New technology - New homes come with all the updated technology like smart appliances, USB outlets,... more
New Home vs. Existing Home: Which is Right for You? |
Debunking Mortgage Myths in the Modern Market |
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Debunking Mortgage Myths in the Modern Market |
Market Update: Rates Fall; Job Openings Coming Up This Week |
Market Update: Rates Fall; Job Openings Coming Up This Week Blog posted On July 04, 2022 Last week, mortgage rates trended downward to reach their lowest level in over a week. Inflation is the enemy of bonds, and mortgage rates closely follow the bond market. The number of hires was largely unchanged at 6.6 million, as was the hires rate. The number of quits was little changed as well at 4.4 million, as was the quits rate. The JOLTS data and other employment reports scheduled for release this week will be critical... more
Market Update: Rates Fall; Job Openings Coming Up This Week |
HomeFundIt: An Easier Way to Fund Your Down Payment |
Many buyers who can afford a mortgage struggle to buy a home because of upfront costs like a down payment. With HomeFundIt™, home buyers can buy their home sooner with a larger down payment. Getting Started $2,000 Closing Cost Grant Eligible first-time buyers can earn up to $1,000 toward closing costs when they complete a home buyer education course or pre-purchase counseling before the purchase contract is signed. Every gift earns a 2-to-1 match, up to the lesser of $2.5%. Each gift that you raise goes directly... more
HomeFundIt: An Easier Way to Fund Your Down Payment |
5 Ways to Lower Your Closing Costs When Purchasing a Home |
5 Ways to Lower Your Closing Costs When Purchasing a Home Blog posted On June 29, 2022 Closing costs are the final hurdle home buyers have when purchasing their new home. They are around 3% to 6% of the borrowed loan amount, which can be a significant amount on top of the down payment. Luckily most costs can be negotiated, which can help you lower the amount of money you will have to pay at the closing table. Don't let closing costs be the reason that you delay buying a home! The right lender will be able to... more
5 Ways to Lower Your Closing Costs When Purchasing a Home |
Signs That the Housing Market is Normalizing, Not Slowing |

Signs That the Housing Market is Normalizing, Not Slowing

Blog posted On June 28, 2022

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Order is being restored in the housing market. Two years ago, mortgage rates sank, and housing activity boomed. Home buyers jumped at low rates and homeowners wasted no time refinancing. Now, activity is cooling

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Signs That the Housing Market is Normalizing, Not Slowing |
Market Update: Rate Fall; Pending Home Sales, Case-Shiller Home Price Index, and Construction Spending Coming Up This Week |
On Monday, the pending home sales index will be released, followed by the Case-Shiller home price index on Tuesday and the construction spending report on Friday. The pending home sales index tracks changes in the number of homes that are under contract but not yet closed. In April, pending home sales slipped 3.9% month-over-month to an index level of 99.3. The S&P Case-Shiller home price index tracks changes in the value of homes involved in two or more sales transactions across 20 major metropolitan areas... more
Market Update: Rate Fall; Pending Home Sales, Case-Shiller Home Price Index, and Construction Spending Coming Up This Week |
The Temporary Interest Rate Buydown: The Secret Hack to Rising Mortgage Rates |
The Interest Rate Buydown program gives home buyers a lower rate on their mortgage for up to three years. After the buydown period is over, the mortgage rate will return to its initial level and continue the rest of the term as a fixed or adjustable rate. Builders, Sellers, or Other Interested Parties – Anyone looking to incentivize a buyer can cover the Buydown fee. Don’t let rising rates intimidate you. The program could be especially beneficial for recent medical school and other post- graduate program... more
The Temporary Interest Rate Buydown: The Secret Hack to Rising Mortgage Rates |
Why Now is Actually a Good Time to Buy |
While mortgage rates are trending higher than two years ago, they’re not as high as their pre-2010 average. There is less competition, fewer buyers are looking to purchase a home. Sellers and builders are offering money towards closing costs, specifically to help pay down the buyer’s interest rate. This can help lower your rate. Don’t let the rising interest rates keep you from buying a home this year. We would love to help you get a good deal. Reach out to us today. Click here to get the pre-approval... more
Why Now is Actually a Good Time to Buy |
Breaking Down the Last Week for Rates: Why the Fed Hike is a Good Thing |
The Federal Open Market Committee (FOMC) voted to make the largest benchmark interest rate hike in almost 30 years. The media has largely portrayed benchmark rate hikes as a bad thing for consumers. Last week proved the opposite – offering hope to home buyers, homeowners, and consumers alike. When the bond market slipped, rates trended sharply upward. Inflation is the enemy of mortgage rates. The Fed doesn’t directly set mortgage rates, and the bond markets don't like inflation. But the Fed doesn't directly... more
Breaking Down the Last Week for Rates: Why the Fed Hike is a Good Thing |
Market Update: Rates Fluctuate; Existing Home Sales, New Home Sales Coming Up This Week |
Market Update: Rates Fluctuate; Existing Home Sales, New Home Sales Coming Up This Week Blog posted On June 20, 2022 Mortgage rates trended sharply upward near the beginning of last week as a response to the latest Consumer Price Index, which revealed that inflation is at its highest level in 40 years. Existing home sales or resales track the sales of previously constructed homes and make up approximately 90% of residential real estate transactions. In April, existing home sales fell 2.4%, down to a seasonally... more
Market Update: Rates Fluctuate; Existing Home Sales, New Home Sales Coming Up This Week  |
Introducing the All In One Loan™ TX Homestead |
Introducing the All In One Loan™ TX Homestead Blog posted On June 16, 2022 Texas homeowners and buyers have enjoyed the benefits of second home financing with the All In One Loan™. Now, our All In One Loan™ product is available for Texas primary residences as well! If you're a primary residence homeowner or buyer in Texas, the All In One Loan™ TX Homestead was made exclusively for you. Product Highlights Home equity line of credit - First-lien, 25-year draw, home equity line of credit provides 24/7 access... more
Introducing the All In One Loan™ TX Homestead |
DIY Projects That Can Boost Your Home’s Value |
There are several medium-to-low-cost updates that can quickly boost your home’s value. A newly painted interior gives your home a fresh and clean look that will impress potential buyers. Refinish/Paint Kitchen Cabinets can get expensive. Sanding and repainting your cabinets yourself will save you thousands. The kitchen is one of the most significant selling points in a house. Get pre-approved today. Have you started looking for your next home? Get pre -approved today!
DIY Projects That Can Boost Your Home’s Value |
Home Equity is at an All-Time High; Should You Get a HELOC? |

Home Equity is at an All-Time High; Should You Get a HELOC?

Blog posted On June 14, 2022

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Many mortgage holders are sitting on a gold mine, according to data released last week by Black Knight. Tappable home equity – the amount of equity owners can borrow while leaving at least 20% in their home –

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Home Equity is at an All-Time High; Should You Get a HELOC? |
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