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…
If you're planning to use a mortgage loan to buy a house in California, there's a good chance the property will have to be appraised. That's because most banks and lenders require appraisals whenever a home loan is being used…
Do you need a mortgage loan in California for up to $5 million, to purchase a high-end property? Bridgepoint Funding has got you covered! Through our lender partnerships, we now have access to "super jumbo" mortgage loans that offer financing…
If you're a homeowner in California, you've probably heard about home equity loans and HELOCs. But what exactly are these financing options? How do they work? And what are the similarities and differences between home equity loans and HELOCs in…
Home buyers in California often become confused about the differences between FHA mortgage insurance premiums and the private mortgage insurance (PMI) that applies to conventional home loans. And it's easy to understand why. The terminology alone can be confusing. But…
Private mortgage insurance (PMI) is often required when a home buyer makes a down payment below 20%, resulting in a loan-to-value (LTV) ratio above 80%. In California, the average annual cost of PMI usually ranges from 0.58% to 1.86% of…
Buying and selling a home in California at the same time can be complicated, especially when it comes to financing. Thankfully, there are several mortgage products available that can help you purchase a new home before selling your current one…
In this article, we will explain what a rapid rescore is and how it could help you qualify for a mortgage loan in California. Most home buyers in California have never even heard of a rapid rescore. Even so, many…
