Straight answers on buying, refinancing, and financing a home, from a local mortgage company with more than 30 years of experience.
A $20,000 credit and a $20,000 price cut leave your seller within about $1,000 of the same net. For the buyer they are $18,000 apart in cash to close. Here are the numbers to put in front of a seller.
The RPA gives your buyer 17 days to remove the loan contingency. Here is what the lender has to finish by then, day by day, and what it takes to promise less.
If the market will not pay what you hoped, renting the home for a year or two can look like the easy answer. Here is what it costs, what it does to your taxes and your next loan, and how to compare it with selling now.
Before you finance a desert vacation rental, two things have to be true: the city will let that address operate, and a lender will count the income. Here are the rules in all nine cities and the loans that fit.
On a bank statement loan, your income is your eligible deposits minus an expense factor, times your share of the business. Here is the math, with a Coachella Valley example.
If you are 55 or older, Prop 19 lets you sell your home and carry its low property tax base to a new home anywhere in California. Here is how the rules and the math work.
A reverse mortgage can pay off your mortgage, give you a line of credit, or keep your low first-mortgage rate in place. Here is how the FHA HECM and HomeSafe loans differ, with seven California scenarios showing which one fits.
A reverse second mortgage lets homeowners 55 and older borrow against their equity with no new monthly payment, while the low-rate first mortgage stays in place. Here is how it compares with a HELOC, a cash-out refinance and a HECM, with five California scenarios.
About half of the mortgages in America are at 4% or lower, and some of them can move to the next buyer. Learn which loans are assumable, what an assumption can save, how to find one in California, and how to buy one.