Month: March 2017

Longer term mortgage rate loan program

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Loan Production Prior To 2008: Before 2008 longer term mortgage rate loan programs were starting to make their way into mainstream loan production. 40 year fixed rate mortgage loan programs became popular and wide spread in California and in other parts of the country. Homeowner’s were looking for the opportunity to buy a larger house so the mortgage industry created … Read more

California Mortgage Rate Reset

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Rate Adjustment: Is your California mortgage rate about to reset after a 5, 7 or 10 year fixed rate period?  If so don’t worry; thousands of Californians are in the same situation every year.  Adjustable rate mortgages are a mortgage product in which the rate adjusts or “resets” after a fixed period time.  That’s different from a fixed rate mortgage which … Read more