When you apply for a mortgage loan in California, you'll be asked for a variety of documents relating to your income, assets and debts. Lenders use these documents to verify your financial situation and to underwrite the loan. The exact…
Home buyers in California who use an FHA loan to buy a house typically have to pay for mortgage insurance. That's one of the requirements set forth by the Federal Housing Administration and HUD. This guide explains what FHA mortgage…
Home buyers in the San Francisco Bay Area have a lot of questions when it comes to down payments. We know this firsthand, because we've been fielding such questions for nearly 20 years. One question in particular always seems to…
Homeowners in California have several ways to convert their home equity into cash. One common strategy is to use a second mortgage (a.k.a., home equity loan) that delivers a lump-sum payment based on the equity you've built up. We recently…
Home buyers in California who have been through a bankruptcy within the past few years sometimes have a harder time qualifying for mortgage loans. Bankruptcy filings like Chapter 7 and Chapter 13 can significantly lower a person's credit score. They…
Housing affordability can be measured in different ways, both short-term and long-term. But when buying a home in an expensive real estate market like California, home buyers are typically most concerned with the size of their monthly payments. Common questions…
Home buyers with variable income often wonder if they can qualify for a mortgage loan in California. And the short answer is yes! Each year, many borrowers in the Golden State with variable income qualify for mortgage loans. A lot…
In this guide: How a second opinion from a mortgage broker could help you qualify for a home loan in California, even if you've been turned down by a traditional bank or lender. We often think of the second opinion…
Are you a nonpermanent U.S. resident with a work visa and want to buy a home in California? Do you have questions as to which work visas are eligible for mortgage qualification in California? You've come to the right place!…
Will you be building a new home in California in the near future? Do you need a mortgage loan to finance a new construction? Your first impulse might be to use your home builder's lender. And it could be the…
