Home Loan Blog

Learn more about home loan topics from our blog articles below. We are committed to informing you about home loans and finding the right product for your needs.

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Home Loan Blog Articles from Golden Pacific Home Loans of San Ramon

Stay informed and learn more about home loan matters and housing market from our home loan blog articles below. Scroll down to the Categories section or to the bottom of this page to see more home loan blog articles.

Contact our Golden Pacific Home Loan agents in San Ramon for questions about best home loan mortgage and refinance opportunities.

First Home: Additional Costs

Overlooked additional costs can shock many first-time homebuyers. If you’re in the market for a new home, consider some of the following when you think about the true cost of purchasing a home.

Mortgage Rates Remain Stable

The 30-year fixed-rate mortgage averaged 3.56% for the week ending June 23, up from last week when it averaged 3.54%, according to Freddie Mac. A year ago at this time, the 30-year fixed-rate mortgage averaged 4.02%.

Homebuilders’ Confidence Rises

Confidence among homebuilders climbed to a five-month high in June, signaling the residential real estate market may have some scope for a pickup, according to data Thursday from a National Association of Home Builders/Wells Fargo survey.

Car Payments: Don’t Buy a Car

Even if you feel you can afford the car payment, mortgage companies approve your mortgage based on their guidelines, not yours. Do not get discouraged, however. You should still take the time to get pre-qualified by a lender.

Mortgage Applications

Mortgage applications decreased 2.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 10, 2016. The previous week’s results included an adjustment for the Memorial Day holiday.

Down Payment Importance

When preparing to buy a home, the first thing many homebuyers do is look at “homes for sale” ads in newspapers, magazines and listings on the internet. Some potential buyers read “how-to” articles like this one. The next thing you should do – before you call on an ad, before you talk to a Realtor, before you shop for interest rates – is look at your savings.

HPSI: Home Purchase Sentiment Index

While consumers are still conflicted about whether it is still a good time to buy or to sell, their perceptions about financial aspects of their lives improved and along with it Fannie May’s monthly Home Purchase Sentiment Index. The HPSI, a distillation of answers to the company’s National Housing Survey, increased by 1.6 points to 85.3 in May.

Mortgage Rates

Most analysts believe low mortgage rates have contributed to the housing recovery in a big way. The combination of low real estate prices and low borrowing costs enticed buyers to come off the sidelines during a time when uncertainty reigned in the housing market.

Reasons You’re Having Trouble Selling

Taking steps to address reasons your home isn’t selling can boost buyer interest and help sell your place sooner rather than later, so you can move on to a different home.

Applying For Home Loan and How It Will Affect Your Credit Score

If you are applying for multiple forms of credit at the same time, such as a credit card, a mortgage and an auto loan, such actions will negatively impact your credit score.

Common Loan Terminology

Learn more about common loan terminology you need to know. Contact our home loan agent in San Ramon for more questions.

Bad Credit – Should you apply home loan anyway?

It’s human nature to fear the unknown. Many people think their credit is way worse than it actually is. Why not apply for a loan in advance so you know how you rate?

Loan Process Stages

Who issues the commitment letter? What is a conditional approval? Why did the underwriter give me a list of conditions to satisfy, before I can close the loan? How long does it take to reach the final approval?

A New Home: Factors to Consider

Are there jobs, schools, healthcare options, restaurants, theaters, parks and industries in the town? How’s the crime rate? Is there a spiritual community suited to your faith?

Preparing for Loans Today

Just as you’d train for a major sporting event such as a marathon, you need to get into great financial shape for what may be the most important transaction you ever make. As you would for a race, you need to begin many months before the big day – the one on which you make your mortgage application.

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