Mortgage News For Homeowners

California Refinance Rates For Homeowners

Home Green

California Refinance Rates: Refinance rates are relatively low compared to historical norms. As of January 1st, 2019 30 year fixed rates are between 4.125% – 4.625% (depending on the lender, loan structure and loan program).  Refinance rates continue to be near their recent lows as the bond market improves heading into 2019..  Californians seeking a low home loan rate should … Read more

Appraisal AVM

Home Green

Hom Valuations: What is an appraisal AVM  (Automated Valuation Method)?  An Appraisal AVM is a home valuation service that can provide real estate property valuations using math and public data.  The AVM uses the most recent sales as comparables.  When you refinance your home you may be granted an appraisal waiver.  This is because the AVM model that Fannie (or Freddie) is … Read more

Key Mortgage Terms

Home

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