Klaus 's Blog

ow Financing Details Affect Your Offer    Most buyers do not have enough cash available to buy a home, so they need to obtain a mortgage to finance the purchase. Since you will probably make your purchase contingent upon obtaining a mortgage, the seller has the right to be informed of your financ...

Refi Time!!  Should I Refinance?? Should I refinance? The most common reason for refinancing is to save money. Saving money through refinancing can be achieved in two ways: By obtaining a lower interest rate that causes one's monthly mortgage payment to be reduced. By reducing the term of the loa...

Bad credit is like a little black cloud that hangs overhead, coloring everything with a gloomy pallor. When trying to finance a home loan, bad credit is a major inhibitor to getting a decent loan with good interest rates. There are lenders who can provide various types of loans that can be adjust...

Most homes with a mortgage in California have some sort of Equity, which is simply the difference from the value of the home, and the remaining balance on the home loan. Often, if the house is newer, (for example, a new condo south of Hollywood), or has been remodeled after purchase, the chances ...

California Mortgage Rates are no different than most of the interest rates charged on home mortgages throughout the rest of the United States. It is neither the lender nor the mortgage broker that sets mortgage interest rates that will be paid on any of the numerous home mortgage loans that are a...

 Add up all the separate school loans leftover from college and grad school or the monthly payments from all those credit cards that promised 15 % off the first purchase and it equals a headache that no amount of aspirin can touch.  One certain cure for the financial pain in the neck brought abou...

How can I improve my credit rating before applying for an FHA loan? -- -- -- -- -- -- -- --One of the most important aspects of getting your credit rating in shape before applying for an FHA home mortgage is time. If you believe your credit is in poor shape, you'll want to establish payment relia...

During the Great Depression of the 1930’s, one of the most affected markets in the country was the housing Market. Years prior, housing bids were flying, more money was being spent on not only new homes, but also refinancing, and additions. However, after the crash of the American Stock Market, h...

If you are looking to finance a home in California and are interested in a consistent monthly payment, a California Fixed Rate mortgage (FRM) may be an excellent choice for you. A California Fixed rate mortgage is a financing option that makes no provision for a changing rate over the term of a l...

Buyer's Remorse Thinking Ahead About "Buyer’s Remorse"  If you are thinking of buying your first home, you should take out a pen and paper right now and draw a line down the center of the paper. Calmly and logically, think of all possible advantages to buying a home and write them down on one sid...