Month: April 2018

Loan to value guidelines: 3CALoan Everyone loves to buy a new home. While buying a home it’s easy to think about the fun aspects but the most important thing is obtaining a mortgage. From this loan to value guidelines blog, your all doubts will be clear. How a loan-to-value ratio affects your mortgage payment In … Continue reading "Loan to value guidelines"

When is it Not a Good Idea to Refinance Your Mortgage? : 3CALoan Refinance your mortgage is very tempting during rates fall. Home mortgage refinancing can sound quite attractive to homeowners, but it is not always a good idea. We will discuss all the situations when you should not consider refinancing. Closing Costs are too … Continue reading "When is it Not a Good Idea to Refinance Your Mortgage?"

Stated Mortgage Loan: 3CALoan In Stated Mortgage loans, the lenders do not check the borrower’s income by looking at their income tax returns, W-2 forms, pay slips, or other records. The borrower states his or her income. Consequently, the lender trusts this information. It is also known as no doc loans. Things to know about Stated … Continue reading "Things to know about Stated Mortgage Loan"

What’s the right borrowing option for you? There are many money borrowing options out there. It can be confusing for you to choose the best loan type, but it doesn’t have to be. You can do research on the money loans to know the ins and outs of them. You should learn few things about … Continue reading "Hard Money Lenders in California"

What Percentage of your Income can you afford for your Mortgage? In the mortgage, there are few “rules” which state that what percentage of your income you can afford for your mortgage. There are few factors to consider in this scenario like what makes one rule better than the other one? How do you know what … Continue reading "What Percentage of your Income you can afford for your Mortgage?"

Stated Income Loan Program: 3CALoan In the stated income loan program, the lender does not check the borrower’s income by looking at their income tax returns, W-2 forms, pay slip, or other records. The borrower states his or her income. Consequently, the lender trusts this information. It is also known as no doc loans.  Guidelines … Continue reading "Stated Income Loan Program"

Major differences between Private money vs Hard money Loans There’s more to Private money vs Hard money loans than simply the prospect of buying a home with bad credit. It’s a good idea to understand how these two types of mortgage lending differ. This is especially the case when you compare them to more traditional … Continue reading "Private money vs Hard money"

Stated Income Loan Lenders: 3CALoan Stated income mortgage loans are synonymous with no doc loans. Under Stated income mortgage loans, stated income loan lenders requests you to state your income and accepts this information at face value. In order to get a no doc loan, you need quite a bit of equity in your home, … Continue reading "Stated Income Loan Lenders"