Some home buyers in California use income from a second job to help them qualify for a mortgage loan. This is a common strategy among borrowers with dual income sources. At the same time, a lot of home buyers in…
In California, the mortgage industry is comprised of many different types of individuals, companies and institutions. And this can be confusing for borrowers, especially first-time home buyers who haven't been through the loan process before. So let's see if we…
Jumbo reverse mortgages are a popular, equity-based financing option in the San Francisco Bay area. That's because we have relatively high home prices here in the Bay Area, and the jumbo reverse mortgage allows homeowners to tap into more of…
If you're a Bay Area homeowner above the age of 60, and you currently own a home, you've probably heard a lot about reverse mortgage loans. TV, magazine ads, direct mail. Everywhere you turn, banks and other financial institutions are…
What's the best type of mortgage loan for first-time home buyers in California, fixed or adjustable? The truth is, it depends on the situation. Here's what you should know about fixed and adjustable-rate mortgage loans when buying a home in…
The San Francisco Bay Area is one of the priciest real estate markets in America. The median home value in this region of California rose above $1.3 million earlier this year. As a result, most home buyers who purchase a house in…
When shopping for a mortgage in California, you'll eventually encounter the term loan-to-value ratio, or LTV. This term is often used when describing the requirements for a certain type of mortgage program or product. For example, FHA loans have a…
Home prices across California have risen substantially over the past few years, and during 2021 in particular. As a result, home equity levels among many California homeowners are higher now than than they were a year ago. Among other things,…
For many Bay Area homeowners, 2022 could still be a good time to refinance a mortgage loan. Thirty-year mortgage rates are still at historically low levels, while home prices have increased substantially. These trends have put many homeowners in a…
You probably understand the importance of getting a good mortgage rate when buying or refinancing a home in California. But do you know how mortgage rates actually work? You soon will. In this California consumer guide, we will talk about what…
