If you’re shopping for a new home in California, you can calculate the home price you can pay and the mortgage schedule you will need based on the payment, down payment, taxes, and insurance you can afford. This calculation will provide an estimate of your house price range based on the monthly payment you can […]
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A jumbo mortgage, as the name implies, is a loan that exceeds the conforming loan limits established by the Federal Housing Finance Agency. For most areas of the country, the current conforming loan limit is $417,000 for a single-family home. For higher priced markets such as San Francisco and Los Angeles, the maximum conforming limit
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Shopping for a mortgage can be confusing and overwhelming. The internet is oversaturated with advice, and lenders seem to speak a language you don’t understand. What is the difference between APR and mortgage interest rate? How will they actually affect you now, or in the long run? What Are They? Let’s take a look at
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Have you resolved to buy or sell a home this year? Or maybe both? Here are a few things you can expect to find if you’re entering the housing market in 2016: 1. Interest rates will go up This is not really news. Experts have been predicting an increase in mortgage rates ever since the Fed
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How can you know when, and if, refinancing is right for you? Here are five questions you can ask yourself when trying to decide: What are the current interest rates? If you are a homeowner, and interest rates are down, you have probably at least considered refinancing your mortgage. There is an obvious relationship between
Should You Refinance Your Mortgage, Just Because Rates Are Low? Read More »
Mortgage rates are reaching historic lows, and as one might expect, borrowers are taking note. Whether it’s existing homeowners making the most of the dip in rates to refinance or upgrade to something bigger, first-time buyers just entering the market, or luxury homebuyers and developers, Californians are taking advantage of these low mortgage rates while
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