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.
Down Payment Saving Statistics
California is home to four of the five cities of the places where it takes the longest to save for a down payment: San Francisco, Los Angeles, San Jose, and San Diego.
Home Loan Demand Softens from HUD Reversal
Total mortgage application volume—which includes applications for refinancing and home purchases—dropped 3.2 percent on a seasonally adjusted basis from the previous week, the Mortgage Bankers Association reported Wednesday.
FHA Home Loan Fee Reduction On Hold
Need help with FHA home loan? Contact our San Ramon mortgage lender for FHA loans. FHA Home Loan Fee Reduction On Hold On January 23, the new administration suspended a 25 basis point fee reduction that the past administration announced on the 9th of January. NAR...
Home Buyers Need to Add These Items to Their Budgets
Buying a home is much more than just paying a mortgage bill. Once you factor in association fees, property taxes, utility bills, and home maintenance, owners are often facing a much steeper price that is hundreds of dollars more.
Mortgage Rate Changes
Contact our mortgage broker in San Ramon for the latest Mortgage interest rate After nine straight weeks of increases, long-term US mortgage rates fell Mortgage buyer Freddie Mac says the rate on 30-year fixed-rate loans declined to an average 4.20 percent from 4.32...
Home Affordability and Home Loans
Houses are getting more and more expensive, making it difficult to buy a home. You may be wondering “just how much house can I afford” and if home ownership is even possible in your future. What loan programs are available?
Choosing The Right Loan Program
Picking what type of mortgage to apply for can be confusing. Different banks offer different home loan and mortgage products, but in general there are a few major categories of mortgage loan programs.
VA Loans – Can You Use Your VA Entitlement While On Active Duty?
Are active duty service members eligible for VA loans? Are newly enlisted service members eligible to apply for VA mortgage loans?
Cash from Holiday Gifts as Down Payment
Cash is king. Receiving cash during holiday season? Think about saving that money away to use towards down payment. The generosity of the giving season may just get you into the home of your dreams in less time than you think!
Mortgage Rates Increase Slightly This Week
New home sales are up. Are you ready for new home purchase? Contact our mortgage broker in San Ramon. Mortgage Rates Increase Slightly This Week Average mortgage rates increase slightly this week, but the 30-year fixed-rate mortgage remains below 4 percent and...
Monthly Mortgage Payment Calculation
Monthly mortgage payment is only one major factor when calculating home affordability. Water, utilities & other cost should also be considered.
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...
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.
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,
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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MORE HOME LOAN BLOG ARTICLES
Home Financing for a Multifamily Home
For buyers willing to take on the role of landlord, multifamily properties can be one of the more affordable ways into pricey housing markets. Home loans are available for owner-occupied properties with two, three or four units.
Home purchases rebound in Dec.; 2015 had most sales in 9 years!
Last month’s home purchases rebound capped a year that produced the highest annual sales total since 2006. Steady job growth and low mortgages drew more buyers into the market, causing both sales and prices to climb steadily.
Mortgage Rates Declining
The average rate for a 30-year fixed mortgage was 3.81 percent, down from 3.92 percent last week. Other rates are also declining.
New Residential Construction Activity in December
HUD and Census Bureau Announce New Residential Construction Activity in December.
What’s a 203k mortgage? Renovation Financing Strategy
For many buyers, especially first time homebuyers, renovating a home post-closing may seem out of reach because they do not have the liquid assets to do desired renovations. Is there a solution to this?
Is Paying Off Mortgage Early a Good Idea?
Paying off a mortgage early isn’t always the smartest decision, and there’s a reason mortgages are referred to as “good debt.” So if you’re thinking of paying off your mortgage early, here are three reasons to reconsider.
Looking for a mortgage home loan with bad credit?
Believe it or not, you may be able to seal a home loan deal even with a credit score below 620. You’ll just have to be willing to jump through a few hoops.
Quick info on Reverse Mortgage from our Mortgage Broker
A reverse mortgage is a type of loan where a lender makes payments to you in exchange for equity in your house — the exact opposite of how a traditional mortgage loan works.
Will mortgage lender finance furnishings when buying a “furnished” home?
You want to buy the house, but only if it comes with the boat out back. The owner may agree to the deal, but your mortgage lender probably won’t include it in the mortgage.
Americans End 2015 More Upbeat About Economy and Housing Market
Americans were generally more upbeat about the economy and strength of the housing market in December, according to Fannie Mae’s latest poll.
Why Having One Spouse On a Home Loan Mortgage
When a mortgage qualification involves co-borrowers, lenders use the lowest credit score among them to determine the rate. The threshold for the best jumbo-mortgage rates usually is a score of 740, but some lenders may want 760 or higher.
2016 is The Time to Buy a Home
Is now the time to buy a home? Making such decision always requires many considerations. First, you have to pinpoint the most convenient location to live and assess the affordability of housing. You need to find out how much house you can afford and the cost of borrowing, given your financial profile.
30-Year Mortgage Rate Tops 4%
U.S. mortgage rates rose, with the 30-year average topping 4 percent for the first time in five months.
New Home Residential Construction Activity In November
Median sales price of new houses sold in November 2015 was $305,000; the average sales price was $374,900. The seasonally adjusted estimate of new houses for sale at the end of November was 232,000.
More Foreign Real Estate Investors for 2016
Most foreign investors expect to put more money into U.S. property this year than they did in 2015, with New York remaining the top target market worldwide.
New Home Construction News from HUD and Census Bureau
Privately owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,289,000. This is 11.0 percent (±1.6%) above the revised October rate of 1,161,000, and is 19.5 percent (±2.0%) above the November 2014 estimate of 1,079,000.
FHA Announces New Loan Limit To Take Effect January 1st
Due to changes in housing prices, the maximum loan limits for forward mortgages increased in 188 counties. There were no areas with a decrease in the maximum loan limits for forward mortgages.
Credit Score Tips for the Holiday Season
If you are planning to get home loans to buy home, be aware of the impact of using your credit cards during this season to your credit score.
FHA Loan Condominium Approval Requirements
FHA-approved condominium projects require recertification after two years to ensure that the project is still in compliance with FHA loan eligibility requirements.
Changes to FHA loan limits for California and the rest of the country
In December 2014, the Department of Housing and Urban Development (HUD) announced the 2015 FHA loan limits for California and the rest of the country.