In a previous post, I talked about how applying for an FHA mortgage is one of the things you can do to avoid putting a high down payment on a home. But if you have an FHA mortgage, you know that one of the detractors is paying for private mortgage insurance (PMI) each month. FHA […]
This is a Great Time to Refinance in Los Angeles
If you have been considering a refinance on your home loan in LA, you may want to think about moving forward with your application. You might be aware that mortgage rates bottomed out in September. Since then, they have been gradually rising, with a lot of ups and downs along the way. As of November […]
Fixed Mortgage Rates Settle Back Down to 3.65%
If you’ve been following what interest rates were up to during September, it’s been a rollercoaster of ups and downs. As of October 3rd, however, rates were reported by Freddie Mac to be “holding steady.” This put the 30-year fixed rate mortgage rate at 3.65%, while the rate for a 15-year fixed rate mortgage was […]
Tips for Finding Competitive Mortgage Rates in Los Angeles
This is a phenomenal time to be shopping for a home in Los Angeles. During the first week of September 2019, we saw mortgage rates take the steepest drop they have since 2002. But how can you make sure that you get access to the best mortgage rates in LA? Here are some tips. 1. […]
Options if You Cannot Afford a High Down Payment on a Home Loan
If you cannot afford to put a lot of money down on a home, you’re not alone. It is an all-too-common situation, especially among first time homebuyers. And because that is the case, there are several solutions. Following are some of your options if you cannot afford a high down payment on your mortgage in […]
Is It Better to Get a Fixed or Adjustable Rate Mortgage in Los Angeles?
If you are about to apply for a home loan, one of the many questions you may be asking yourself is, “Should I get a fixed or adjustable rate mortgage?” While this is a pertinent question anywhere, in a high-demand housing market like L.A., you may feel particularly concerned with making the right choice. Well, […]
This is the Time to Take Advantage of Low Mortgage Rates in Los Angeles
Been waiting for mortgage rates to hit a low before you apply for a home loan in Los Angeles? This is the time to act. Multiple news outlets have reported low rates throughout the month of June 2019. On June 20th, the Orange County Register posted a report titled, “Low mortgage rates trigger more loan […]