27 Mar 2023 20% Down Payment Assistance – California Dre... CalHFA released the guidelines for the much-anticipated Dream for All 20% down payment assistance program. Borrower Eligibility + Requirements: Must be a first-time buyer. Occupy the property as a primary residence; non-occupant co-borrowers are prohibited. CalHFA borrowers must complete two levels of homebuyer education counseling and obtain a certificate of completion through an eligible homebuyer counseling organization.Only one occupying first-time […] Share on Facebook Share on Twitter
2 Mar 2023 What Are Discount Points – and Could They Save Y... When buying a home, you’ll look at plenty of interest rates and mortgage options to figure out the best way to finance your purchase. Over the course of your research, you might come across the term “discount points.” Discount points are an upfront cost you could pay to get a lower interest rate over the […] Share on Facebook Share on Twitter
30 Jan 2023 Mortgage News Weekly We are excited to share with you the latest updates and insights from the mortgage market Fed week! Everyone is expecting a much more tempered .25% increase from the Fed this week on Wednesday, and no, the Fed Funds rate is not the same as mortgage rates (short term debt vs long term debt) Still, it can indirectly affect mortgage rates confusing consumers that they […] Share on Facebook Share on Twitter
11 Jan 2023 Assumable Mortgages: Understanding the Pros and Co... When buying a home, one of the most important decisions you’ll make is how to finance it. One option you may come across is an assumable mortgage. An assumable mortgage is a type of loan that allows the buyer of a property to assume the existing mortgage from the seller. Let’s explore the pros and […] Share on Facebook Share on Twitter
22 Dec 2022 How Often Can You Refinance Your Home? Fortunately, refinancing can be done as often as it makes financial sense to do so. A mortgage refinance can help you manage your money more effectively and help lower your interest rate, remove private mortgage insurance or take cash out of your equity. In this article, we’ll look at how often you can refinance and […] Share on Facebook Share on Twitter
