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Browse through our Home Loan Blog articles below to learn more about home loan topics. We are committed to informing you about home loans and finding the right home loans 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 Rate Projections: 4.5%

Mortgage Rate Projections: 4.5%

The recent tax bill could cause the Federal Reserve’s rate increases to come faster—mortgage rate projections display an increase of three or four times in 2018. This could push 30-year mortgage rates up past 4 percent in the new year.
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Higher Loan Limits: January 1

Higher Loan Limits: January 1

Real estate professionals have some good news to share with their clients. On Jan. 1, buyers will be able to get much larger mortgages, whether they’re applying for conventional or FHA-backed loans due to higher loan limits.
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Prevent Costly Wear and Tear With 3 Tips

Prevent Costly Wear and Tear With 3 Tips

The winter season brings more foot traffic, which can be risky on a home—holiday parties, family gatherings and even open houses in the winter can bring tears and marks on the floors. How do you prevent costly wear of scratches and stains that result in costly floor repairs?
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Fixer-Upper: A Money Pit?

Fixer-Upper: A Money Pit?

With inventories so tight, some home buyers may be giving a fixer-upper home a second thought. The price point and location may attract more buyers to bite, even though the home itself may need some TLC.
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Deeper Debt for Millennial Buyers

Deeper Debt for Millennial Buyers

Millennials are taking out the greatest share of all new mortgages and buying homes across price ranges. But a new study also shows they’re going more into deeper debt at an alarming rate.
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Top Three Holiday Hazards

Top Three Holiday Hazards

A new study from insuranceQuotes has identified the top three holiday hazards to homes this holiday season: porch pirates, decoration vandals, and house fires. The survey was based on responses of more than 1,000 consumers.
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Autonomous Cars Change Housing

Autonomous Cars Change Housing

New home sales are up. Are you ready for new home purchase? Contact our mortgage broker in San Ramon. Autonomous Cars Change Housing Experts predict the advent of autonomous cars will radically change homes and towns alike. By 2021, major automakers, like Ford, Volvo,...

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Density: An Issue with Inventory

Density: An Issue with Inventory

Total mortgage application volume for refinancings and home purchases tumbled last week, plunging 7.4 percent from the previous week, the Mortgage Bankers Association reported Wednesday.
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MORE HOME LOAN BLOG ARTICLES

ARM Mortgage Loans

ARM Mortgage Loans

What are the various ARM Mortgage Loan options? Contact our home mortgage lender in San Ramon. ARM Mortgage Loans - Adjustable Rate Mortgage Loans Our San Ramon home mortgage lender explains that there are many mortgage products available on the market today, which is...

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Increase Credit Score By 100 Points!

Increase Credit Score By 100 Points!

While you can get approved for a mortgage with a credit score below 600, the best terms and lowest interest rates are likely to go to those home buyers with scores above 700. Increase your credit score before purchasing a home.
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Mortgage Demand Weakens as Rates Jump

15 Year Fixed or 30 Year Fixed Mortgage?

What are the key differences between a 15- and 30- year loan? First of all it's the term of the loan. Generally 15-year loan terms will come with lower interest rates, but the shorter term means that you’ll make higher mortgage payments each month,
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Jumbo Loan

Jumbo Loan

A jumbo mortgage loan is a home loan for an amount that exceeds what’s known as the “conforming” mortgage loan limits set by housing regulators.
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Keep Your Home Purchase on Track

Keep Your Home Purchase on Track

A home purchase isn’t complete until you make it to the closing. Until then, the transaction can fall apart for many reasons. Here are five tips for avoiding mistakes that cause a home sale to crater.
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Find Home Loan that Fits Your Needs

Find Home Loan that Fits Your Needs

It’s easier to settle happily into your new home if you’re confident you can afford it. Here’s what you need to know about your mortgage financing options, including how to choose the loan that matches your income and tolerance for risk. Understand which mortgage loan is best for you so your budget isn't stretched too thin.
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How Much Mortgage You Can Afford – 4 Tips

How Much Mortgage You Can Afford – 4 Tips

By knowing how much mortgage you can handle, you can ensure that home ownership will fit in your budget. Consider those lifestyle issues as you check out these four methods for estimating the amount of mortgage you can afford.
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Things You Should Tell Your Loan Agent

Things You Should Tell Your Loan Agent

Five different things that you should never hide from your loan agent or mortgage broker.They are doing their due diligence, so it's important to be as open as possible to avoid any missteps in the process.
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Mortgage Demand Weakens as Rates Jump

FHA Mortgage Loan Considerations

FHA loans face competition from other products, and one of them might be a better fit for you. Weigh the benefits of FHA against those of similar products to find your best mortgage choice.
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Refinance Manufactured Home Loan

Refinance Manufactured Home Loan

The good news is that it is possible to refinance a personal property loan into a lower interest mortgage loan, especially once you have built equity in your mobile or manufactured home or the land it sits on.
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Home Equity Loans vs Mortgage Loans

Home Equity Loans vs Mortgage Loans

Home equity loans vs. Mortgage Loans. While the two loan types share this important similarity, differences exist between them, and consumers should understand their options when borrowing against their home's value.
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Conventional Mortgage Loans

Conventional Mortgage Loans

Term: Conventional mortgages are generally offered in term of repayment periods of either 15 or 30 years, although some lenders also offer terms of 20 years.
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HELOC: How to Use it Well

HELOC: How to Use it Well

Now that the economy and housing markets are recovering and becoming stronger again, many homeowners are looking at home equity loans and/or lines of credit in order to upgrade their home, pay off debt or make large purchases. Like any loan, there are some great ways to use home equity loans and lines of credit, and some not so great ways to use that money.
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Top Three Holiday Hazards

Refinance a Property You Don’t Live In

With the rebounding housing market across the country and a hot rental market in many areas of the nation, lower interest rates coupled with higher rental rates could result in you having that investment property paid off before you know it. But, is it even possible to refinance a rental or investment property that you don’t live in? The answer is yes!
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VA Loan Qualifications

VA Loan Qualifications

The good news is that yes, you can still qualify for a VA loan if you have declared bankruptcy in the past. In order to qualify for a VA loan, your home loan will need to have been at least one year from the date of your Chapter 13 bankruptcy or two years from the date of your Chapter 7 bankruptcy. Additionally, you must have had no late payments reported to the credit bureaus since emerging from bankruptcy.
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Underwater Home Owner – What to do?

Underwater Home Owner – What to do?

if you are underwater on your home, a call to your local lender may be a great option, as refinancing your mortgage could bring your relief each month via lower interest rates and monthly mortgage payments
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Refinancing Mobile Home

Refinancing Mobile Home

Many mobile home owner become interested in ways to reduce either the interest rate on their loan, or their monthly mortgage payment or both. It is possible to refinance a personal property loan into a lower interest mortgage loan.
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Credit Card Debt and Getting a Loan

Credit Card Debt and Getting a Loan

Owning a home may sound like a good idea, until you start thinking about the credit card bills you have to pay. While having credit card debt can certainly impact your ability to qualify for a mortgage, having that debt doesn't have to stop you from getting a mortgage, especially once you understand the tips and strategies we've outlined below to help improve your chances of not only qualifying, but qualifying for more.
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USDA Home Loan Program

USDA Home Loan Program

A USDA home loan is also known as a USDA Rural Development Guaranteed Housing Loan Program mortgage loan is a mortgage loan offered by the US Department of Agriculture to prospective homeowners who are interested in purchasing rural properties.
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What Can an FHA Loan Be Used For?

What Can an FHA Loan Be Used For?

An FHA loan offers home buyers many advantages over traditional conventional mortgages, including lower (or no) down payments, generous credit score allowances and more. For this reason, many people may be interested in leveraging an FHA mortgage to purchase an investment property, whether a single family home they will rent out, a multi-unit building they will rent out or a vacation home that may be occasionally occupied by the buyer and occasionally occupied by (often weekly) renters.
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APR: Annual Percentage Rate

APR: Annual Percentage Rate

The APR allows homebuyers to compare different types of mortgages based on the annual cost for each loan. The APR is designed to measure the "true cost of a loan." It creates a level playing field for lenders. It prevents lenders from advertising a low rate and hiding fees.
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Mortgage Rates are Stagnant, Stalling Loan Demand

Interest Only Mortgage Loans

Are you thinking about buying a home but not sure what you can afford? Have you wondered about interest only mortgages and what advantages and disadvantages they may offer? If so, then you’re in luck because we’ve collected some great information about interest only mortgages!
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Underwater Home Owner – What to do?

Loan Application Document Requirements

Below is a list of documents that are required when you apply for a mortgage. However, every situation is unique and you may be required to provide additional documentation. So, if you are asked for more information, be cooperative and provide the information requested as soon as possible. It will help speed up the application process.
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What is 80-10-10 financing?

What is 80-10-10 financing?

Surprising as it may seem, some folks with hefty incomes find that it’s mighty tough for them to save enough money to make a 20% cash down payment on their dream homes. Using conventional financing, such buyers must purchase Private Mortgage Insurance (PMI) which increases the cost of home ownership and, ironically, makes it even more difficult to qualify for the mortgage.
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Loan Types: Conventional Vs FHA

Loan Types: Conventional Vs FHA

If you’re a first time homebuyer, you’re probably confused about the difference between FHA loans and conventional loans. We’ll go over the main differences, advantages and disadvantages of each loan type:
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Potential Risk Features For Lenders

Potential Risk Features For Lenders

If you’re mentioned below, you might want to take some steps back to determine whether or not you’re really ready for a loan before you find yourself putting out future fires:
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Home Equity: What is it?

Home Equity: What is it?

Essentially, home equity is the amount that differentiates the home’s value and how much the borrower owes. When a borrower pays down the mortgage debt, he or she is also contributing to the home equity.
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Construction or New Build Mortgage Loan

Construction or New Build Mortgage Loan

If you are thinking about buying a home in the near future but don’t see much on the market that meets the needs and wants of your family, you might be interested in building your own home in order to ensure that you end up in a home that has everything you’re looking for. With the economy rebounding and getting stronger each month, construction loans and new build mortgages are a popular option for many families.
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Low Credit Score and Buying a Home?

Low Credit Score and Buying a Home?

The good news is that there are many lenders and mortgage loan programs available for individuals with less than perfect credit. Some lenders are able to work with borrowers with scores as low as the 550’s, and some federally-backed mortgage loan programs like VA loans and USDA loans do not have any minimum credit score requirements.
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HELOC: How to Use it Well

Closing Your Home: What to Expect

So you’ve found the home of your dreams. You’ve been preapproved for a mortgage and you’ve submitted your offer, with earnest money deposit, to the seller. The seller has accepted your offer, you’ve had a home inspection performed and now you’re ready to close - - what should you expect at the closing?
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Refinance Home Loans and Points

Refinance Home Loans and Points

Option to pay points or not to pay points could be left to the borrower to decide, with advantages and disadvantages to each. One “point” equals one percent of the total refinance mortgage amount. With a lower rate, the borrower ends up with a more affordable monthly payment.
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Reverse Mortgage Can Help Multiple Needs

Reverse Mortgage Can Help Multiple Needs

Seniors with houses worth more than $625,500 can retain their excess equity when they take out a HECM reverse mortgage to help meet certain financial challenges with careful considerations and planning.
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Deeper Debt for Millennial Buyers

Mortgage Rate Affected by Inflation Rate

Lately, 30-year home loan rates have been running about 2.5 percent above the inflation rate. If inflation rises from 1 percent to 2 percent, it would imply mortgage rates of about 4.5 percent.
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New Program to Help Buyers Bypass Appraisals

Home Price Gains Cooling

The pace of home price appreciation does finally appear to be slowing. The year began with a 6.9 percent gain over the previous January; but 5.7 in June.
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Mortgage Rates Going Up

Mortgage Rates Going Up

Mortgage rates moved higher at the fastest pace in more than 3 weeks today, following a much stronger-than-expected jobs report.
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Mortgage Application Stats

Mortgage Application Stats

Mortgage applications sagged during the week ended July 29. Market Composite Index and all of its components were down from levels during the week ended July 22.
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Boomerang Home Buyers

Boomerang Home Buyers

Of the 4.4 million owner-occupied foreclosures completed since 2000 less than one-quarter of the owners have returned to the market.
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Rental Appreciation

Rental Appreciation

As the housing boom ended rents for single-family homes also crashed, going from annual growth of better than 2 percent in late 2007 to -3 percent by the end of 2009. But they began to bounce back long before home sales and prices did so, climbing rapidly into the 4 percent growth range and remaining there for several years.
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Documenting Your Assets

Documenting Your Assets

When buying a home, it is not enough to just "come up" with the money. Lenders want to verify where the money comes from. This is partially a quality control feature to protect against fraud, and partially an underwriting tool to determine your qualifications as a borrower.
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Housing Data Looks Good

Housing Data Looks Good

Purchases of new U.S. single-family homes just hit their highest level in more than eight years, representing what Wall Street is calling a strong market.
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New Home Sales

New Home Sales

Other data on Tuesday showed moderate gains in house prices in May, which should support consumer spending and keep home purchasing affordable, especially for first-time buyers who have started venturing into the housing market.
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Brexit Turns Out To Be Good For The US

Brexit Turns Out To Be Good For The US

Fannie Mae's economists say that the UK's exit from the European Union is likely to have only limited impact in the U.S. and that it will be a positive for the housing and mortgage markets, at least in the near term.
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