Finding the right loan program is just as important as the best rate.
Here are some of the various loans California home lenders have to offer. |
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| Alternative Programs |
Don't want to document your income? Need down payment assistance? There are a wide variety of non-conforming mortgage loan products including reduced verification and no documentation loan programs.
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| Veteran Home Loan Programs |
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Veterans can get a fixed rate mortgage loan with no closing costs or down payment with their VA Home Loan benefits.
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| Avoiding PMI (Private Mortgage Insurance) |
| Looking to avoid Private Mortgage Insurance? Lenders require loans over 80% to carry PMI. Is there a way to get 90 or 95% financing without having PMI? YES! Get relief from PMI and avoid paying Payment Mortgage Insurance. |
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| Fixed Mortgage Rate Loans |
| Home mortgage loan interest rates are the lowest they've been in years! It's the ideal time to buy or refinance your home, lower your payments and save a lot of money. Take advantage of the low fixed rates mortgage lenders have to offer before they go up again. |
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| Refinance vs, Home Equity Loans |
| Need some cash? Use your home's equity how and when you want! This is a line of credit secured by the equity in your home. It is an excellent plan when you simply want the money to be there in case you need it. For example, if you decide at any time that you want new furniture, a new car, to add a room, paint the house, or anything else you can think of, all you have to do is write a check. That's it. You pay no interest until you use the line. Plus, since this is a revolving line of credit, as you pay back what you borrow, the money is yours to use over and over again. |
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Plus the interest you pay on a home loan may be tax deductible.
Check with your tax advisor. |
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