Everything California

High Home Values And Low Mortgage Rates

California Home

California Wins Again: Last week we referenced a Lending Tree infograph in our weekly Mortgage News Update For Homeowners series that showed California averages the lowest mortgage rates and the highest home values compared to the rest of the country. For anyone living in California it’s no surprise that California has the highest home values however I think a lot … Read more

Debt To Income Ratio Limits Raised

A Brown Home

Higher Deb To Income Ration Now Eligible: On July 29th, 2017 the door to a new mortgage will be opened for thousands of potential homeowners and current homeowners that have a Debt-To-Income (DTI) ratio above 45%. The mortgage giant Fannie Mae will be making an adjustment to its Automated Underwriting System (AUS) so that those with a 45%-50% DTI will … Read more

Mortgage Pre-Approval

Mortgage Application

Buying A Home: If you are looking to buy your first home, looking to upgrade from your current home or buying a new rental property it’s always a great idea to get a pre-approval done by a knowledgeable loan officer with years of experience. In fact most sellers require that a prospective buyer have a pre-approval completed prior to making … Read more

The Best Mortgage Lenders

Family Home

Everyone Is Different: So who are the best mortgage lenders for refinancing?  To determine that we need to establish what is important to a homeowner when he/she looks to refinance their current mortgage.  For some people it’s all about the mortgage rate; for others it’s more about the service and then there are others that want both a great mortgage … Read more

Who Has The Lowest Mortgage Rates?

Home with Pool

The Simple Fact: Have you ever asked a family member, friend or even a realtor this question? I would guess most home buyers or homeowners looking to refinance their mortgage have at one point in time or another asked someone “Who has the lowest mortgage rates in California?”. Here is a simple fact of life in the mortgage industry: no … Read more

California refinance summer 2017

Family Home

Best Mortgage Rates of the Year: It’s summer 2017 and we’re seeing some of the best mortgage rates this year.  Do you live in California and are you looking to refinance your current mortgage? Heading into the summer mortgage rates have been very attractive compared to the first three months of 2017.  As you may remember mortgage rates really moved … Read more

FHA Mortgage Rates In California

mortgage interest rate

FHA Has Fixed and Adjustable Rate Mortgages: Through various mortgage companies the Federal Housing Administration (FHA) offers low mortgage rates for those with less than perfect credit and/or those with loan down payments. Before the 2008 mortgage crisis FHA mortgages in California were a small percentage of the market. Currently FHA is a major player as homeowners and buyers look … Read more