Mortgage Information


ARMs: Adjustable Rate Mortgages December 30, 2011

ARM or Adjustable Rate Mortgage is a mortgage where the rates are subject to change The rates on a ARM stays stable for a set period of time then the rates begin to adjust itself in accordance to the market index An ARM loan transfers some of the risk to...

Cash Out Loans December 30, 2011

Cash out loan is a loan where a borrower receives more than 2000 00 or 2 back which ever is lower A cash out loan will always be a refinance because you can not cash out on a property you do not own yet In a cash out refinance you...

Condo Financing March 15, 2012

Condominiums are placed under greater scrutiny by investors due to the nature of the property In order to finance a condominium there are certain prerequisites that need to be met and documented on a condominium certificate There are 3 factors which will immediately disqualify a property from refinance First there...

Federal Housing Administration Loans December 30, 2011

Federal Housing Administration loans are a special program which is used to finance a property for people who would otherwise be unqualified due to high risk or low income Federal Housing Administration loans are done by qualified lenders and are insured by the Federal Housing Administration The down payment required...

Fixed Rate Mortgage December 30, 2011

Fixed rate mortgages are the most common type of mortgage and the safest A fixed rate mortgages is program where the interest rate does not change at all over the life of the loan That means that your first payment will be the exact same as your last payment The...

What is a Mortgage? December 30, 2011

A mortgage is a loan that is used to finance real estate where the property is used as collateral by the borrower The easiest way to put it is that you are using your home as collateral to borrower money from the lender There are many types of mortgages from...

California Mortgage Rates