FAQs About Getting A Mortgage Pre-Approval

Whether you are a first time home buyer, looking to buy a second home or an investment property, the first step in the process is to get pre-approved. What is a pre-approval? A pre-approval is a process where a lender reviews your income, employment, credit and assets. After reviewing the credit qualifications, the lender will […]

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2014 FHA Loan Limits For All California Counties

FHA recently announced the 2014 loan limits for all counties in California and rest of the country. In a significant move, the FHA maximum loan limits for 1-unit properties have been reduced from the current $729,750 to $625,500. California will see the biggest impact of this reduction, more so San Francisco Bay Area counties like […]

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4 Things That Will Make Home Financing More Difficult in 2014

If you thought lending environment in 2013 was tough, think again. 2014 promises to get worse. Whether you are buying a new home or refinancing your current one, getting a mortgage will be stricter and more expensive. Lets take a look at top 4 changes taking place in 2014 that promises to make life more […]

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12 Ways to Secure a Down Payment for Your Mortgage

If you are a first time home buyer in California (or anywhere else in the country) one of the biggest challenges could be to accumulate the necessary down payment. I have put together the most comprehensive list of possible down payment sources. Below are listed 12 different ways to secure a down payment for your […]

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2014 Conforming (Conventional) Loan Limits For California Counties

The Federal Housing Finance Agency (FHFA) recently announced the 2014 Conforming (Conventional) loan limits for all counties in California. This applies to conforming and high balance (also called Conforming Jumbo or Agency Jumbo) mortgages sold to Fannie Mae or Freddie Mac in 2014. Loan limits remain the same as 2013 with following base loan limits: […]

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30 Year Fixed vs. 15 Year Fixed – Which One Makes More Sense?

If you are planning to get a purchase or refinance loan in California, this post will help you decide between a 30 Year Fixed and a 15 year Fixed mortgage. Benefits of a 15 Year Fixed Mortgage Huge savings in interest cost: The biggest benefit of a 15 year fixed loan is the amount of […]

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[Infographic] The Ultimate Guide To Home Insurance

Home insurance is a $70 billion industry. According to a recent report, 95 percent of homes in the U.S. are insured. There are a number of benefits associated with home insurance. For homeowners, having a home insurance policy means being able to recover from financial blows that often arise as a result of natural disaster […]

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10 Myths About California Reverse Mortgages Busted

Below are common myths that are important for you to be aware of as you investigate the benefits of Reverse Mortgage in California or rest of the country. Myth 1: I’ve heard I won’t qualify for a reverse mortgage because of my limited income. Fact: False. Most traditional mortgages require income qualifications and a monthly […]

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Mortgage Rates Trend Lower – Opens Short Window For Refinancing

Mortgage rates for California and rest of the country continue to trend lower. Its at a point where a 30 Year-Fixed rate under 4% can again be a reality. Last week mortgage backed securities (MBS) improved 95 basis points. Whenever MBS prices go up, mortgage rates go down. Weaker than expected Employment data caused a […]

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After The Shutdown, What’s In Store For Mortgage Rates?

The government shutdown has come to an end, but how does the House’s last minute deal and the post-shutdown environment impact mortgage rates? With the debt ceiling stalemate in Washington resolved at least until February 7, 2014, rates could dip in the short term. In fact mortgage backed securities (MBS) climbed 95 basis points last […]

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