Replacing your current mortgage can be worth considering, but the payment, closing costs, loan term, and long-term savings all need to work together. A rate-and-term refinance replaces an existing mortgage with a new loan to change the interest rate, repayment…
For Sacramento buyers, having enough income to manage a mortgage doesn’t always mean the upfront funds are already in place. Down payment assistance programs help eligible homebuyers cover some or all of their down payment and, in certain cases, part…
Financing a single-family rental property can be more complicated than financing a primary residence, especially when rental income, reserves, and property cash flow are part of the qualification. Single-family rental property financing allows real estate investors to purchase or refinance…
Understanding VA home loan benefits can be difficult when eligibility, entitlement, fees, and property requirements are all explained separately. A VA home loan is a mortgage backed by the U.S. Department of Veterans Affairs that may allow eligible veterans, service…
Financing an investment property in Sacramento can get complicated because the numbers, loan structure, and property strategy all need to work together. Investment property financing is a mortgage used to purchase or refinance a non-owner-occupied property, with qualification based on…
Buying a new home while you still own your current property can create questions around timing, equity, monthly payments, and qualification. A move-up buyer loan is a purchase mortgage structured around the buyer’s current home, available equity, expected sale proceeds,…
Comparing conventional and FHA loans can be confusing when the lower rate or smaller down payment doesn’t always lead to the lowest overall cost. Conventional loans generally offer more flexibility with mortgage insurance and property types, while FHA loans use…
Buying your first home in Sacramento can be exciting, but comparing mortgage programs, down payments, and qualification requirements can get confusing quickly. First-time homebuyers can choose from several mortgage options, including conventional, FHA, VA, USDA, and down payment assistance programs,…
Buying a second home or investment property can be a smart move, but the financing works differently than it does for a primary residence. A second home is generally a property you occupy for part of the year, while an…
Refinancing can be a useful way to improve a mortgage, but it’s not always clear whether the numbers justify making a change. A rate-and-term refinance replaces an existing mortgage with a new loan designed to change the interest rate, repayment…