It's official: California's conforming loan limits have been increased for 2024 due to rising home prices nationwide. And we have all the details! In a previous blog post, we speculated that the statewide conforming loan limit for most California counties…
Over the years, we have learned that home buyers in California typically have a lot of questions about the mortgage application process. We developed this guide to address some of those common questions. Summary: This article explains how the mortgage…
This article is part of an ongoing series in which we showcase some of the most commonly used mortgage financing strategies in California. Today, we'll explain why some people use ARM loans to buy a starter home in California, and…
Home buyers in California have a lot of different options when it comes to their mortgage financing. One of those choices has to do with the rate structure associated with the loan. For instance, California home buyers can choose between…
As a California-based mortgage company, we do our best to educate our clients and readers on all aspects of the mortgage loan and home buying process. Today, we will focus on a subject that generates much interest (and some confusion)…
Did you know that your current level of debt can affect your chances of qualifying for a mortgage loan in California? It's true. In fact, reducing debt is one of the best things a home buyer in California can do…
Have you heard about the temporary mortgage rate buydown but aren't sure how it works? Wondering if it's the right financing strategy for you? You've come to the right place! In this article, you'll learn how a temporary mortgage rate…
It's a pity when mortgage shoppers don't understand PITI. (Sorry, we had to go there.) But in all seriousness, PITI is a very important concept for California home buyers and mortgage shoppers to understand. It can affect everything from the…
First-time home buyers in California often encounter a lot of terminology they're not familiar with. From ARM to PITI to LTV to DTI, it can be like learning a second language. Not to worry. Below, we've created a glossary of…
We've covered private mortgage insurance in previous articles, from a cost perspective. To further clarify this subject, we have created a list of frequently asked questions relating to private mortgage insurance in California. This guide includes one of the most…
