Statistics show that most home buyers in California use mortgage loans when buying a house. That means most buyers will have to go through the home appraisal process at some point. It's a standard requirement whenever a mortgage loan is…
Over the past few weeks, many reports have shown that the Bay Area real estate market is changing in a way that might actually benefit buyers for a change. And last week, there was more of the same. A new…
"I'm applying for a mortgage loan in California and want to know how much I can borrow. How do California banks and mortgage lenders decide how much to lend? Is it all just based on income?" These are some of…
The South Bay real estate market continues to evolve in 2022, with conditions starting to favor buyers for a change. For the most part, it's still a seller's market in the South Bay region, due to tight inventory conditions. But…
A new report published this week estimated how much income Bay Area home buyers would need to cover their monthly mortgage payments. Researchers calculated the "minimum qualifying income" by using current mortgage rates and home prices, and assuming a 20%…
What credit score is needed for a conventional mortgage loan in California? This is a common question among home buyers in the Golden State, especially when you consider that the conventional mortgage loan is the most popular financing option. We'll…
We've heard a lot about real estate "buyer fatigue" over the past couple of years. A Google search for that phrase turns up thousands of real estate news stories and articles, most within the past 18 months or so. But…
There's been a slew of good news for Bay Area home buyers lately. After two years of highly competitive and often frustrating conditions, buyers are starting to catch a break. The latest sign: More and more sellers in the San…
For many first-time home buyers in California, the mortgage qualification and approval process is one big mystery. Borrowers tend to have a lot of questions about this process. What does it take to qualify for a mortgage loan in California?…
Talk about timely news. Three weeks ago, we published an article to address the question: Should a Bay Area home buyer ask the seller to pay some of their closing costs? Now, a new report from The Mercury News showed that…
