Why Fixed Rate Mortgage are Cheaper in Rate than Adjustable Rate Mortgages
We all know how the concept of risk and return in our financial lives normally works … the more risk you take on, the greater your potential profit (or loss) can be. The less risk, the less you can potentially make (or lose). In “normal” markets,...Temporary Conforming Loan Limits are Expiring Sooner Than Expected
The temporary conforming loan limit of $729,750 in high-cost counties was set to expire at the end of the year, but banks are pulling back on that and requiring all loans at this loan amount range to close by December 1st – NO exceptions. With rates having dropped...Certain CalHFA First Time Homebuyer Programs Suspended
This is unfortunate news that came quickly and unexpectedly. CalHFA is a state-specific governmental agency that helps first time homebuyers get into their first home via down payment assistance programs and other solutions. CalHFA has been instrumental in helping...First Time Homebuyer Program: CalHFA
California Housing Finance Agency (CalHFA) is a state-sponsored agency that offers affordable solutions and down payment assistance programs to first time homebuyers. To get a CalHFA loan, one must adhere to the following requirements: First time homebuyer (by...Loan Calculator
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