Government Shutdown And Mortgages
Every year, politicians in Washington claim there will be a government shutdown. Since 1980, there have been fifteen government shutdowns (as of 2024).1 A government shutdown can impact the mortgage industry in various ways, including mortgage rate volatility leading up
Read More
Loan Fees, Costs And Points
Loan fees, costs, and points are an important topic for homeowners to consider before they begin a mortgage transaction. One of the biggest mistakes someone can make when shopping for a new mortgage loan is to just ask: “What’s the
Read More
Permanent Rate Buydown
A permanent rate buydown is when you pay a fee to the mortgage lender for a lower interest rate. The most widely recognized payment is a “1 point buydown,” which typically reduces the mortgage rate by 0.125% – 0.375%. Most
Read More
Mortgage Underwriter
A mortgage underwriter is an employee of a mortgage company who reviews your loan application and decides if you meet the company’s lending requirements. If you do meet their requirements, the underwriter will issue an approval. If you do not
Read More
Your Credit Report And Score
Understanding your credit history and your credit score is essential if you want to get a great mortgage and a low interest rate. Far too often homeowners and potential homeowners don’t take enough time to review their credit and see
Read More
What Does A Loan Officer Do?
A loan officer is a person who works for a bank, credit union, mortgage lender, or mortgage broker and specializes in assisting homeowners and homebuyers in obtaining a new mortgage. A loan officer has a state license and is registered
Read More
Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (CFPB) has protected over 29 million Americans from financial scams. This organization helps Americans ensure that the financial services they use daily, such as loans, credit cards, and mortgages, work better for those that need
Read More
Having A Mortgage In Retirement
Having a mortgage in retirement can be beneficial for many homeowners. Like most things, there isn’t a “one size fits all” solution to deciding if you should or should not have a mortgage when your retire. Below, we’ll cover the
Read More
Freddie Mac Loans
Freddie Mac, also known as the Federal Home Loan Mortgage Corporation (FHLMC), is a government-sponsored enterprise (GSE) that Congress created in 1970 (Emergency Finance Act) to provide liquidity, stability, and affordability to the U.S. housing market. Like Fannie Mae, Freddie
Read More
Manufactured Home Mortgage
As the price of traditional site-built homes rises, more and more people are turning to manufactured homes. They offer the same benefits as a traditional site-built home but are typically less expensive. Many lenders throughout California offer manufactured home loans,
Read MoreCalifornia Mortgage Finder
Low Rates, Fast Closings and Exceptional Service.
