When buying a home in the San Francisco Bay Area, you have several options for mortgage financing. You could go to a traditional bank, a mortgage company, or a broker. In this article, we'll examine some of the benefits and…
This article explains the minimum down-payment requirements for conventional home loans in Bay Area. A "conventional" mortgage is one that is not insured or backed by the government. Borrowers who use a conventional loan to buy a home in Bay Area…
Are you in the market for an asset depletion mortgage loan in California? Or maybe you’ve heard about this financing strategy but aren’t exactly sure how it works? In either case, keep reading! In this article, we will explain how…
Update, November 30: It's official. California conforming loan limits have been increased for 2022, and by a lot. Here's an updated blog post with the revised figures for all counties. California loan limits are expected to rise in 2022, in…
As a home buyer, there are certain steps you can take to increase your chance of qualifying for a mortgage loan in California. We've covered five of them below. The process of qualifying for a mortgage loan in California can…
Given the expensive nature of our real estate market, some home buyers worry that they cannot afford the down payment for a Bay Area home purchase. After all, the median price point for our market is currently around $1.3 million…
Some home buyers in California choose to pay mortgage points at closing in exchange for a lower rate. This strategy can pay off over time, by reducing the monthly payments and the total interest paid in the long term. But…
It's no surprise that the San Francisco Bay Area is an expensive real estate market. In fact, we have some of the highest average home prices of any metropolitan area in the country. A recent report showed that the average…
California home buyers tend to have a lot of questions about the mortgage side of the buying process. One of the most common questions has to do with timing. People often ask: How long does it take to get approved…
As of summer 2021, it's still a good time to refinance a mortgage loan in California. (For many homeowners, at least.) Mortgage rates continue to hover well below 3% on average, while home prices continue to climb. These favorable refinancing…
