Home Mortgage Brokers
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National Home Values - Going Beyond The Media
The California real estate still faces many challenges: High unemployment, foreclosures and other distress sales are keeping negative pressure on prices. This of course is good news if you are looking to buy as low rates and lower prices have brought affordability to record levels. |
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How to Calculate Debt to Income Ratio for Your Bay Area Mortgage
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What is a Mortgage Broker?
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Private Mortgage Insurance
If you're buying a home that's expensive enough that you need to take out loans to pay for more than 80% of the cost, your lender might require that you buy Private Mortgage Insurance (PMI). Once you buy the insurance, your lender will not have to worry about you defaulting on your loan, and will therefore allow you to buy the property ? sometimes with as little as 3 or 5% down payment. |
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Home Equity Loan vs Refinance
Many families consider taking out a home equity loan when looking for an additional infusion of cash ? whether it be for a new kitchen, a college education, or medical payments. |
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Truth in Lending Act (TILA)
The Truth in Lending Act (TILA) was passed by Congress in 1968. It created a uniform system for calculating the terms of a consumer loan, and how that loan is explained to the public, making it easier for consumers to compare loans. |
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Fixed Rate vs ARM
Speaking with a mortgage professional, or visiting a bank's website, will introduce a number of different mortgage packages and products designed for different types of customers (first time buyers, veterans, low-income, etc) with custom terms. But every mortgage product is a variation of two distinct mortgage types: Fixed and Ajustable rate. |
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