Tag: Blog

Credit score needed to purchase a home: 3CALOAN A credit score is that little three-digit numbers which are very crucial to your financial well-being.  Can credit score affect your life or not? and do you have any control over it or not? In this guide, we will clear all your doubts and find the answers … Continue reading "Credit score needed to purchase a home"

Financing with Hard money loan lenders: 3CALoan Traditional Loans vs. Hard Money Loans If you can’t qualify for a traditional loan but for a particular project you needed the money to complete a project or for another reason than a hard money loan can help you better. Hard money loans are different from traditional loans, … Continue reading "Hard money loan lenders"

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"