New Jumbo Loan Mortgage Only Available in California
There are some great new Super Jumbo Loans available in California only, making purchasing homes at higher California price points more accessible to buyers. Read on to learn more about jumbo loans and super jumbo loans and the terms of these great new loan products....
Why Lenders Offer Different Mortgage Interest Rates to the Same Applicant
If you are one of the few potential home buyers that shop for a loan among several different lenders, you may have noticed that they do not all offer the same interest rate. In fact, the “costs” of each loan can differ greatly from one mortgage loan to the next. Why...What is a Second Mortgage?
A second mortgage, which is sometimes called a junior lien, can be an option for turning your equity into available funds without having to sell the home. A second mortgage will increase your debt amount. It is considered a second mortgage because if the home should...
Using a Construction Loan to Build Your Dream House
Construction loans can be a good option if you are hoping to build a brand new custom home or put some major work into an existing one. Read on to find out more information on construction loans. What is a Construction Loan? A construction loan has a shorter term than...
How Long-Term and Short-Term Loans Differ
How Long-Term and Short-Term Loans Differ – As the pandemic is still a large presence around the country and pandemic induced low-interest rates are still at all-time lows, it is still a good time to consider a refinance. This could also be a good time to take...
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Here you’ll find tips, updates on mortgage laws and changes that can affect your loan or approval. Check back often for more great ideas.