We've talked about the different types of mortgage loans that are available to California homeowners in the past. Today, we're going to focus on one specific financing option, and that is the adjustable-rate mortgage, or ARM. This type of home…
Is now a good time to refinance a home in California? Can I save money by refinancing my mortgage loan in 2017? These are common questions among homeowners considering a refi? Here's a market update to help you decide if…
Will you be using a mortgage loan to buy a house in the San Francisco Bay Area in 2017? Do you have questions about your loan options, down payments, and other aspects of home finance? Then keep reading! This guide…
A common question among home buyers and mortgage shoppers is: "How big of a home loan can I get in California?" The best way to answer this question is to get pre-approved for a mortgage loan, and we can definitely…
Summary: The maximum mortgage amount in California varies from county to county, and also based on the type of loan being used. Below, you'll find the maximum amount for FHA, VA and conventional mortgages in 2017. You would think the…
The average down payment in California is around 13%, as of 2017. But don't be intimidated by that figure. Minimum required down payments are significantly lower, as low as 3% in some cases. Plus, you could get financial help from…
Summary: It's possible to avoid PMI in California by taking on a slightly higher interest rate. In exchange, the lender will pay your policy for you. Read on to learn more about this and other strategies for avoiding mortgage insurance…
We recently received an email from a potential home buyer who thought he had to wait until he had saved up 20% for a down payment, to avoid private paying mortgage insurance (PMI). But there are other ways to avoid…
Private mortgage insurance (PMI) is a hot topic among home buyers in California. Common questions include: How much is PMI in California? When can I cancel the policy? How can I avoid it in the first place? We've created a…
This post is part of an ongoing series in which we answer some of the most common questions among first-time home buyers in California. Today's question is: "What are the basic mortgage qualification requirements for first-time home buyers in California?"…
