Answers to Mortgage Questions During COVID-19
Last week we touched on a few questions many people have concerning mortgages due to the impacts the COVID-19 virus has had on the economy. Since there are quite a few important questions being asked right now we decided to answer a few more. This week will focus more...
Answers to Questions Many People are Wondering About Mortgages due to Corona Virus
With so many unknowns in many areas, especially financial and economic ones, during the COVID pandemic, many homeowners and potential buyers have a number of questions they are wondering about. Here is a list of the most frequently asked questions about mortgages on...
How to Keep Your Finances Stabilized
Ways Homeowners are Looking to Stabilize Finances in Abnormal Times As the state of California has been sheltered in place for a significant amount of time many people are beginning to wonder what life will look like when restrictions are lifted and we are allowed to...
When Will This Chaotic Mortgage Market Settle Down?
Many things besides physical health have been affected by this pandemic. One of those things is the mortgage market, but why? How would this cause such a crazy roller coaster in interest rates? There are two main factors that have thrown the mortgage market off its...bookly demo
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Pros and Cons of an Adjustable Rate Mortgage
An adjustable-rate mortgage, also referred to as an ARM, is a home loan with a fixed rate for the first few years that switches over to an adjustable rate. The beginning fixed-rate period can be anywhere from the first three to ten years of the loan. This differs from...
FICO Credit Scoring System will be Changing This Summer
The FICO credit scoring system has been widely used since 1989. Since then the parameters in which FICO arrives at a certain number for an individual credit score have changed to help give a more precise assessment of a person’s credit history. This summer the FICO...The Importance of Completing a Transfer Disclosure Statement Before Selling Your Home
If you’re ready to get serious about selling your home, start thinking about your house’s history in earnest. California law requires sellers to complete a Transfer Disclosure Statement to notate any issues their home has, to protect both buyers and sellers. Let’s...
7 Common Mistakes to Refinancing
There are many reasons why we consider refinancing our mortgage loan, the main reason, of course, is the possibility of saving money on our monthly home payment. Before you actually refinance read through these common refinance mistakes to make sure refinancing is...
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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.