Getting A Mortgage In California

Home in California

Here are the simple steps to getting a mortgage in California. If you’re new to the process you’ll want to obtain a basic understanding of what a mortgage is (see below). Find a good mortgage company and an experienced Loan Officer. Ask the right questions. Gather your documents. Obtain your mortgage approval. Close your mortgage. Following these simple steps will … Read more

Buying Down The Rate

Nice home with swing3

Buying down the rate in California is when you pay a fee to the mortgage lender for a lower interest rate. The most widely recognized payment is “1 point buy down” which typically reduces the mortgage rate by 0.25% +/- (when compared to a mortgage rate in which you are not buying down the rate). So How Is It Figured … Read more

The Best Mortgage Lenders

Home Owners

So who are the best mortgage lenders for refinancing? To determine that we need to establish what is important to a homeowner when he or 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 rate … Read more

Loan Fees, Costs And Points

Family at home

One of the biggest mistakes someone can make when shopping for a new mortgage loan is to just ask: “What’s the rate and are there any points?”. I think it’s almost a certain guarantee that you’ll end up paying more in costs and fees than if you simply asked a different question. Knowing what to ask a Loan Officer is … Read more

Who Has The Lowest Mortgage Rates?

Home Interest Rate

Have you ever asked a family member, friend or even a realtor this question – who has the lowest mortgage rates in California? 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 … Read more

How Much House Can I Afford?

First Time Home Buyers

Trying to figure out how much house you can afford is a big part of the home buying process. To determine that you must have a clear picture of your income; debts, down payment and what level of monthly mortgage payment you think you might be comfortable with. All important factors when determining how much you can afford. Here is … Read more