Blog Posts

Percentage of your Income you can afford for your Mortgage

What Percentage of your Income you can afford for your Mortgage?

What Percentage of your Income you can 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? ...
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Stated Income Loan Program

Stated Income Loan Program

Stated Income Loan Program: 3CALoan In 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 ...
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Private money vs Hard money Loan

Private money vs Hard money

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 ...
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Stated Income Loan Lenders

Stated Income Loan Lenders

Stated Income Loan Lenders: 3CALoan Stated income mortgage loans are synonymous to 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 ...
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no income documentation mortgage loans

Manufactured Home Lenders in California

Manufactured Home Lenders in California: the 3CALoan Advantage Manufactured home lenders in California provide manufactured loans that are considered to be lower in cost than site-built home loans. Nevertheless, manufactured homes are still a huge investment. Manufactured home lenders in California make financing for a manufactured home loan much more ...
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Mortgage Lending Process

The Mortgage Lending Process with CALoan

 The Step-by-Step Mortgage Lending Process with CALoan In this blog post, I will be delineating the step-by-step mortgage lending process. The first steps are to see if you meet pre-approval of course. The next would be to get pre-qualified. In this step, you’d look for an underwriter or a brokerage ...
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loan officer submission checklist

Employment History on a Loan Officer Submission Checklist

 How do jobs impact a loan officer submission checklist? When it comes to a loan officer submission checklist, there are several factors that are important. They need to see your pay stubs for the past two years, W-2 Forms for the past two years, bank statements for the last few ...
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