Mortgage News For Homeowners

Is it time for an Adjustable Rate Mortgage?

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Adjustable Rate Mortgages: With fixed mortgage rates near 2015 highs; should a borrower consider an Adjustable Rate Mortgage (ARM) over a Fixed Rate Mortgage (FRM)?  Low California mortgage rates are obtainable even though we’re in a volatile period for interest rates and currently the best options are in the Adjustable Rate Mortgage loan programs.  An “A” paper borrower can obtain a … Read more

No point loans with origination fees….how can that be?

Mortgage Documents

Loan Origination Fees This is becoming more common than it used to in the mortgage industry. Some loan officers love to say that they are providing you a “no point” loan and still charge loan origination fees up front (what they are referring to is only discount points charged by the lender they work for). In fact when a potential … Read more

HARP 3.0

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HARP 3.0?: I know what you’re thinking….HARP 2.0 just started so what is the point of a HARP 3.0?  Recently there have been some hearings in Washington along with general industry “chatter” that HARP 3.0 is in the works.  My first impression was why so soon?  Harp 2.0 just got started and seems to be a decent success so far … Read more