Mortgage News For Homeowners

Key Mortgage Terms

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Important Mortgage Terms: Below is a list of key mortgage terms everyone should know and understand before moving forward with a new mortgage.  To help obtain the lowest interest rate on your next California mortgage loan be sure to take the time to understand mortgage terminology. Refinance or purchase; it’s important to understand the various terms used before, during and after … Read more

Is it time for an Adjustable Rate Mortgage?

California home

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

HARP 3.0

Home Green

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