Mortgage Key Terms
5/1 Adjustable Rate Mortgage A 5/1 adjustable rate mortgage (ARM) or 5-year ARM is a mortgage loan where “5” is the number of years your initial interest rate will stay fixed. The “1” represents how often your interest rate will…
Down Payment Assistance in California
Buying using low Down Payment or Assistance programs in California Being first time home buyer can be very challenging and stressful especially in California where home prices have been soaring and are out of reach for many buyers. Luckily, there…
What’s a Mortgage Broker and How Can They Help?
Are you considering buying a home but don’t know where to start? A mortgage broker can help guide you through the process from start to finish. But what does a mortgage broker do exactly? Let’s take a look at the…
Now is the perfect Time to Buy a Home
The Benefits of Becoming a First-Time Homebuyer Now Are you considering becoming a first time home buyer? If so, now is the perfect time to make your move! With lower mortgage rates, more flexible lending criteria, and an abundance of…
Up to $100k down payment assistance in Paradise CA
Are you looking to buy a home in Paradise, California using down payment assistance? Did you know that you can access up to $100,000 in down payment assistance for your purchase? That’s right – there are several options available for…
10 Reasons to Move to Paradise, California
Moving to Paradise, California If you’re looking for a new place to call home with plenty of outdoor activities and amenities, look no further than Paradise, California. This small town in the Sierra Nevada foothills is the perfect spot for…
Reverse Mortgage Myths
Reverse Mortgage Myths #1: The bank or lender owns your home. Probably the biggest misconception of them all! Just like any other mortgage, the borrower still owns their home and remains on title and has many options. The bank holding…
Do Mortgage Rates Change Daily
Q: Do Mortgage rates change daily or hourly? A: Mortgage interest rates are in constant flux, changing every day. That's because there are a lot of different factors that influence mortgage rates, including economic conditions, inflation and U.S. Treasury bonds.…
WHAT IS PITI – MORTGAGE PAYMENT BASICS
What exactly does PITI stand for in mortgage terms? PITI - is an acronym for the breakdown of what’s included in your mortgage payment. P – Principal I – Mortgage Interest T – Property Taxes I – Homeowners Insurance Lenders will calculate your PITI…
CALIFORNIA COUNTY LOAN LIMITS 2021
2021 California County Loan Limits (Conforming) for FHA, VA, Conventional and Jumbo loans For 2021, the FHFA (Federal Housing Finance Administration) set the baseline conforming loan limit for 1 unit properties at $548,250 for Conventional financing (Fannie Mae & Freddie Mac) and up to $822,375 on…
