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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.

Mortgage Underwriting Process – How Long Does it Take?

Mortgage underwriting is a detailed process that usually takes a few days. In some cases, however, it can take as long as several weeks. The timeline varies because every borrower is different.

How to Pay off Debt Fast

It’s better to attack the debt with the highest interest rate first. Each month, pay the minimum on the other three debts, then take whatever’s left of your $600 and apply it to your high-interest target.

Interest Only Loans – The Mechanics

If you want a monthly payment on your mortgage that’s lower than what you can get on a fixed-rate loan, you might be enticed by an interest-only mortgage.

Mortgage Tips for Millennials

Millennials are eager to buy their own homes. Qualifying isn’t as easy as it once was, but many millennials can and do qualify for home financing successfully. Here are some mortgage tips…

Status of the Housing Recovery

Existing home sales rose 3.4% in March to a solid annual rate of 5.3 million but below the 5.5 million mark reached early in the year. Is housing market recovering?

Mortgage: How Much Should I Spend?

You never want to stretch yourself so thin to the point of wiping out your entire paycheck every month. This would leave you without a financial buffer for emergencies. What is a good amount?…

Housing Market Lacked Momentum With Spring Season Underway

Better buyer traffic and growing optimism about the outlook for the next six months made up for a drop in current sales of single-family homes,

What is A Foreign National Mortgage?

As the U.S. dollar is becoming stronger and the home values are also on the rise, foreign buyers, now, have a real incentive when it comes to purchasing properties. Plus, the U.S. economy, too, has an incentive, foreign buyers invested more than USD 99.2 billion in the country’s residential real estate within 12 months (which ended on March 2014).

HARP and HAMP

Fortunately, there are many government programs that will help borrowers looking for assistance. THE Home Affordable Adjustment Program (HAMP) and Home Affordable Refinance Program (HARP) are two such initiatives that will benefit struggling borrowers.

Home Loan Applications Increasing

Mortgage applications leaped 10% from a week ago on favorable conditions. The market composite index jumped 10% on both a seasonally adjusted and unadjusted basis compared to the week prior. The refinance index also lifted 11%, to its highest level since February.

Ways to Boost Credit Scores!

Consumers reap many rewards when they raise their current credit score, because higher scores mean shelling out less money in interest, which can yield thousands of dollars in savings. A high credit score also means consumers receive a lower interest rate for credit cards, auto loans and mortgages, and the benefit extends to lower rates for auto and home insurance premiums.

Pre-Loan Checklist

It’s harder to qualify for a mortgage loan these days. New regulations require lenders to verify every aspect of a borrower’s financial background, before making the loan. Additionally, most lenders have tightened their underwriting criteria in response to losses suffered during the housing crisis.

Home Ownership May Not Be As Expensive As You Think

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