The federal funds rate helps the U.S. Federal Reserve influence interest rates and borrowing. It can also be called the fed funds rate, federal interest rate or federal reserve rate. The federal funds rate may also impact the interest rate that you’re charged on your home mortgage or personal loan. Understanding how it works can […]
As you shop around for a mortgage, you become an important part of the primary mortgage market. As a borrower, you can shop around for the best available rate to obtain a mortgage loan from a primary lender. Home buyers are a critical part of a healthy primary mortgage market. Here’s what you need to […]
For 50 years, reverse mortgages have helped seniors reach their financial goals in retirement. In 1961, the very first reverse mortgage helped Nellie Young keep her home after her husband passed away. Since its creation, the reverse mortgage has gone through several transformations, with its uses expanding to help seniors supplement their retirement income, consolidate […]
A boon to DIYers and home project enthusiasts, an FHA 203(k) loan – also known as a mortgage rehab loan, renovation loan, or Section 203(k) loan – can be used to fund both a home’s purchase and renovations under a single mortgage. In effect, it allows home buyers who are considering purchasing a fixer-upper that […]
When embarking on the journey to homeownership, understanding the steps involved in securing a mortgage is crucial. For individuals seeking VA loans, one of the most important documents is the Certificate of Loan Eligibility (COE). This document serves as proof that a borrower meets the requirements to access the benefits of a VA home loan. […]
California is one of the most vibrant states in the U.S., offering a wide array of opportunities for its residents. Whether you’re looking to buy your first home, start a business, or finance an agricultural project, government loans can provide the support you need. Here’s a comprehensive look at the top government loans available for […]
California’s real estate market is one of the most competitive in the world, offering immense opportunities for investors. Whether you’re flipping houses, acquiring rental properties, or funding large-scale developments, securing fast and flexible financing can make all the difference. This is where hard money loans come into play. Here’s a quick guide to help you […]
When buying or selling property in California, creative financing solutions often come into play to make deals work. One such option is a holding mortgage, also known as seller financing or owner financing. This guide will help California property owners understand what a holding mortgage is, how it works, and its benefits and risks. What […]
If you’re planning to buy a home or refinance a mortgage in California, understanding loan limits is essential. Loan limits determine the maximum amount you can borrow under different loan programs, and they vary based on factors such as the type of loan and the county where the property is located. Here’s a comprehensive guide […]