California Home Mortgage

To apply for the best California Home Mortgage program one has to fill in an application form and provide information such as the social security numbers, marital status, current address, birth date, employment and salary information etc.

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Mortgage Advice: 7 Tips for Establishing Credit

According to Experian, a credit score is a number lenders use to help them decide: “If I give this person a loan or credit card, how likely is it I will get paid back on time?” The information from your credit reports is used to create your credit score. Before getting a line of credit, get your free credit report from each of the three major credit reporting agencies (CRAs): Experian, Equifax, TransUnion. Under federal law, you are entitled to one every year.

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Interest-Only Or 50 Year Mortgages – Do They Really Make Sense?

With hotspots like Las Vegas, much of California and Florida still enjoying a good real estate market, many banks and mortgage companies are now spreading out payments over 50 years to make them more affordable. Prior to these 50-year mortgages, interest-only mortgages were promoted and sold as the way to go. The real question here is which is better?

Let�s first digress on what an interest-only mortgage is. Interest-only home loans or mortgages aren�t as a general rule pe…

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Avoiding Foreclosure by Refinancing Your Home

Most people think a good way to avoid foreclosure is to start over�..refinance the mortgage and just start over.

The problem is most people cannot refinance.

Unfortunately, you will run into all kinds of mortgage brokers and lenders out there who will tell you what you want to hear and waste your time. Time is something you can�t afford to waste when you are trying to avoid foreclosure. You only have about 4-8 months after missing your first mortgage payment until you lose your house. The foreclosure process varies by state and lender.

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Home Loan Refinancing – When Do You Have To Close?

Refinanced mortgages have a couple of different rules when it comes to closing. For one, there is a mandatory rescission clause for primary residence mortgages that allows you annul your loan. You can also choose to close at anytime, which is beneficial if you think rates will drop in the near future.

Rescission Clause

With a rescission clause, you have three days after closing to cancel your loan if the property is your primary residence. Think of it as a �cooling off�…

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Home Loans For People With Very Bad Credit – Improve Your Chances Of Getting Approved

If you have bad credit and are looking for a home loan, there are a few things you can do to improve your chances of getting approved and to help you get a reasonable interest rate.

Apply Online – The internet has a few companies that will take your application and submit it to hundreds of different lenders. You will receive up to the 4 best offers that you could qualify for. These offers are pre-approvals. You will still need to work with the broker to lock in an interest…

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