Should I use a 15-year or 30-year fixed mortgage loan when buying a home in California? Which one is better for my financing situation? These are common questions among home buyers and homeowners alike. So today, we will examine the pros…
You might have heard that borrowers need at least two years of employment to qualify for a mortgage loan in California. And for the most part, this is true. Many home loan programs require lenders to verify that the borrower…
In 2022, many California homeowners who are considering selling their homes worry they won't be able to buy another one. And that's a valid concern. After all, we've heard countless stories about how tight the California real estate market is,…
Many employers offer restricted stock units, or RSUs, as part of an employee's overall compensation package. It's a way to grant company shares to the employee, but in a "restricted" fashion. RSUs are especially popular in the San Francisco Bay…
Much has been written about the mortgage application and approval process in California. You'll find countless articles online that explain the different steps in the application process, the path to final approval, the paperwork and documents required, etc. But what…
If you've been researching the home buying process in California, you've probably encountered the term "contingencies." Many borrowers choose to include contingencies within their purchase contracts. These contract add-ons protect the home buyer from losing their earnest money in certain…
Shopping for a mortgage isn't something we do every day. But it's a big financial obligation so getting it right is important. Choosing a mortgage loan can impact your financial situation long-term, so you want to do thorough research and…
Some home buyers in California worry that having gaps in their employment might prevent them from qualifying for a mortgage loan. But that's not always true. In many cases, it's possible for borrowers to qualify for a mortgage loan in…
If you have a TV, you've probably seen an advertisement for reverse mortgage loans. You might even have a pretty good understanding of how these loans work. But did you know it's possible to use a reverse mortgage to buy…
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…
