After the sub-prime market crash in 2008, the term “adjustable-rate mortgage” (or just “ARM”) has almost become a curse word in the world of finance. However, experienced mortgage lenders know that it is sometimes a better solution compared to a traditional fixed-rate mortgage. ARMs have made a slight comeback in Continue Reading →
Here’s what you need to know about the CalHFA MyHome down payment assistance (DPA) program for first-time home buyers in California.
What is a Down Payment Advantage (DPA Loan) and how can it help you eliminate your down payment for an FHA Loan? Here’s some helpful insight.
The Urban Institute’s Housing Finance Policy Center is a think tank that analyzes mortgage and housing data throughout the United States. They recognize trends and provide insightful information to help lenders and consumers. Housing Credit Availability Index Every quarter, they update the housing credit availability index (HCAI), which measures the Continue Reading →
In the most basic sense, a “jumbo loan” (also known as a “jumbo mortgage”) is exactly what it sounds like. It is a larger-than-usual mortgage loan for borrowers purchasing a more expensive luxury property or in a highly competitive real estate market. It is important to understand what jumbo loans Continue Reading →
