First-Time Buyers, Here’s How You Buy a House in California

Purchasing a house is a complex process, particularly for a first-time house buyer. Investing in any property has its set of risks and benefits.

California has one of the most expensive and demanding retail properties. Its’ coastal locations and Hollywood glamour enhance a resident’s experience. As wonderful as the houses appear in pictures or postcards, there are several steps to take before investing in its properties.

Stated below are some helpful instructions for buying a house:

The Decision of Buying

Before buying a home loan matter comes the decision of purchasing a home. There are several reasons you’d purchase a home. It is, in our opinion, an excellent “unintentional investment,” when made in the light of an individual’s choice and for financial security. There are key economic reasons for buying and owning property. If it is executed along those lines, then we consider it as an “intentional investment.” Amongst those reasons are, admirations of value, an increase in equity, and tax benefits.

Assessment of Your Financial Situation

For purchasing a house in California, you may need to ask yourself certain questions. Have you had a solid income for the past two years? Do you have any experience in paying the rent? Are you financially sound enough to pay back debt from a first time home owners loan? If the answer is positive to the above questions, then you are financially stable to buy a house.

Pre-Approval for a Financially Sound Decision

California’s housing markets are incredibly competitive. The retail properties usually receive numerous offers. You need to acquire a pre-approval, for instance, for a 30 year fixed mortgage California. While it may not be an approval, it sure indicates that you are financially stable for the retail purchase. Moreover, a pre-approval shows the seller that you have initiated the loan approval procedure. They will know you are a serious buyer.

Now, start searching for the house of your dreams and make it into a home! If you are aware of your expectations and can ask the right questions, your experience in the retail purchase of California will be a comfortable one. Call your online mortgage broker right away!

Source by: https://www.prlog.org/12788610-first-time-buyers-heres-how-you-buy-house-in-california.html

Is a California 30 Year Fixed Mortgage a Good Idea?

The 30-year fixed rate mortgage is considered one of the most commonly used loans, with approximately 80% of homeowners choosing it. However, the idea of paying twice the loan in interest over the span of 30 years has driven people away from it. So, it’s time to set the record straight before more homeowners miss out on its benefits.

The Benefits of a 30-Year Fixed Mortgage

There are two valid reasons why online mortgage lenders recommend 30-year fixed mortgages:

1. Payment Stability – With this loan, you won’t have to worry about changing mortgage rates. Your monthly payments will remain the same for a very long time. This stability and predictability are welcomed, especially if you expect financial changes in the future. On the other hand, buying a home loan with an adjustable interest rate may result in unpleasant surprises when your loan becomes more expensive.
2. Low Monthly Payments – Opting for a 30-year fixed first time home owners loan allows you to enjoy smaller monthly payments. This is why you may end up paying more interest over the years. However, you can always sell the property or refinance to get better rates before the term expires.

Should I Apply for this Mortgage?

Buying a home loan with a 30 year fixed interest is a major commitment. However, it’s a valid option if the following applies to you:

• You Seek Affordable Monthly Payments – This deal is perfect if you want affordable monthly payments for the next 30 years.
• You Think You Can Make Additional Payments – You can try paying off the loan faster by making additional payments or increasing your monthly payments. You can always fall back on smaller payments whenever needed.
• You’re Aiming for an Expensive Home – By opting for lower payments on your first time home owners loan, you can qualify for a more expensive property.
• You Like Tax Deductions – Current tax laws allow you to deduct mortgage interest from your taxes. As most payments go towards paying off interest in the initial years of the loan, expect a hefty tax deduction.

Need more help? Discuss your eligibility for 30-year fixed mortgages with California’s top online mortgage lenders. Trust them to get you the best value while educating you on the options available for you.

Resource By: https://www.prlog.org/12785872-is-california-30-year-fixed-mortgage-good-idea.html

First Time Home Owners Loan

The latest Fed rate cuts will make banks lower their prime rate, reduce mortgage rates, and marginally bring down the cost of homes. By applying for a first time home owners loan today, you can get a house for the same amount of money. So, get in touch to secure the property you like before someone else claims it. Please visit us: https://ezonlinemortgage.com/first-time-home-buyer

 

Get the Lowest Mortgage Rates California with EZ Online Mortgage

Did you know that a few points difference in your mortgage interest rate could mean paying, or saving, thousands of dollars over time? Taking the time to secure a good mortgage interest rate is very important. Savvy borrowers know that a few extra minutes now could mean a few extra thousand later. How do you find the lowest mortgage rates California? EZ Online Mortgage has made it easy. Whether you’re looking for a California first time home buyer loan, a refinance loan, or any other type of loan, the best mortgage rates in the state are just a few clicks away!

The Best Mortgage Experts Available

Smart people know they don’t know everything. That’s why they outsource—they hire professionals to contribute their expertise where applicable. It’s why presidents hire cabinets, and why the most successful businesses hire legions of consultants. As the saying goes, an expert “is a person who has made all the mistake that can be made in a very narrow field.” That means experts know everything you should do, and most importantly, everything you shouldn’t. That makes mortgage brokers a great choice for those looking for a California first time home buyer loan. Let the professionals guide you through the often contemplated mortgage process. That way, you know you’re making the correct decisions.

Lowest Mortgage Rates California

EZ Online Mortgage is proud to boast the best team of mortgage experts around. Our team of professionals, with decades of collective experience in the mortgage industry, have been lauded for their passion and individualized, hands-on approach. Every customer is treated with a level of personal attention and care that can’t be found anywhere else. It’s the reason why we’ve successfully helped thousands of individuals and families lock down a mortgage and why we are rated the #1 most reputable mortgage brokerage firm in California.

EZ Online Mortgage’s top focus is our customers. That’s why we’ve made everything as easy as possible for you. Let us walk you through the mortgage process. We make getting a mortgage easy, fast, affordable, and most importantly, stress-free! EZ Online Mortgage is your one-stop shop for all your mortgage needs. With 24/7 service and virtual offices all across California, you can call us from anywhere, at any time. Close on your mortgage deal from the comfort of your couch! Plus, that’s not all. All of our clients get access to our extremely useful online mortgage portal. Our online mortgage portal offers a variety of FREE mortgage tools, from a mortgage preparation checklist to a jumbo California mortgage loan calculator, that you can utilize to organize your mortgage application and plan ahead for your dream home.

If you’re curious to know more about how EZ Online Mortgage can help you secure the best possible mortgage deal, or want access to great tools as our traditional mortgage loan calculator or more hard to find tools such as our jumbo California mortgage loan calculator, don’t hesitate to get into contact with us! We are happy to answer any and all questions you may have about the mortgage process. So go ahead, pick up the phone and give us a call, shoot us an email, or visit us online at http://www.ezonlinemortgage.com. And don’t forget, we offer a FREE consultation for all new clients, so you have nothing to lose!

Know Your Mortgage Loan Status

Buying a home is a tricky process. Not only does it take a vast expenditure of time to find the perfect home, but closing on your dream property can be a challenge. The real estate market these days is booming, and properties at good prices are being snapped up. That’s why knowing your mortgage loan status is vital to being able to purchase a home. If you’re like most people, you’re not going to be purchasing your house with cash upfront; instead, you’ll take out of a mortgage loan. But before you’re approved for a mortgage loan, how are you supposed to pick out your dream home?

24/7 Secure Online Mortgage Loan Status.

Start Planning Ahead

The key to locking down your dream home is planning ahead. By carefully planning a budget and beginning mortgage preparations at least a year in advanced, you’ll be well poised when the time comes to start property shopping. First, analyze your finances and decide how much you can afford to spend on a house. This should be done before you talk to a real estate agent, or even start looking at properties. Create a number range and stick to it. Don’t spend more than your budget allows for. Tell your real estate agent that you don’t even wish to see properties that exceed your budget range. This will save you not only money, but heartbreak in the future when you realize the “dream” home you want is outside of your means. Instead, you’ll focus on only what you can happily afford. No need to cause yourself sadness by shopping for properties you won’t be able to close on!

You should also consider what type of mortgage loan will be best for you. There are many different types of mortgage plans, but the most common ones are a 30 years and 15 years fixed mortgage rate loan. These loans offer the benefit of a reliable payment plan with fixed interest rates. A 30 years fixed mortgage rate loan, considered a “vanilla” mortgage loan, is the most common type of loan. A 15 years fixed mortgage rate loan is ideal for those who want to pay off their mortgage faster. Other mortgage types include adjustable-rate mortgage loans, whose interest rates fluctuate with the market, jumbo loans, government-backed loans, and others.

For assistance in pre-mortgage planning, visit www.ezonlinemortgage.com. You can find valuable information about a variety of mortgage loans, to help you determine which is best for you. We also offer a range of FREE tools, including mortgage payment calculator California, to help you plan ahead for your mortgage. Print off our mortgage checklist, make us of our mortgage payment calculator California to estimate your monthly payments, and check up on your mortgage loan status at any time using our mortgage portal.

About EZ Online Mortgage

EZ Online Mortgage is an accredited mortgage brokerage firm known as one of the most reputable mortgage companies in California. With virtual offices all across the state and 24/7 service, we offer our customers unparalleled ease and flexibility when it comes to the mortgage process. Find and apply for a loan, all from the comfort of your home! Find out why we’ve praised statewide for our success in the mortgage industry. We guarantee top-of-the-line service and affordable rates. Interested in learning more? Call us today to book a FREE consultation with one of our mortgage loan consultants.

The Best California Mortgage Company

California is a great place to live. If you’re looking to buy your dream home in the Golden State, you’ve picked a good location. The real estate market is good, properties are valuable, home loan rates California are low, and quality of life is high. However, the process of finding and buying a home—and securing a mortgage—can be confusing at best and stressful at worst. Indeed, sometimes it can be entirely overwhelming, costing homebuyers a substantial amount in terms of both time and money.

Let EZ Online Mortgage help iron out the kinks in the mortgage process. We make finding, applying, and getting approved for a mortgage fast, easy, and simple. Our team of experienced and passionate mortgage professionals have years of success in helping individuals and families find mortgages for their dream homes. There’s a good reason we are known as the most reputable California mortgage company!

What Makes a Good Mortgage Broker?

Finding a good professional to assist you is difficult, regardless of the field. It seems that brokers, from mortgage brokers to insurance brokers, always have their own agenda. Whether you’re looking to buy a new home or enroll in a home refinance mortgage program, it is key that you find a mortgage broker that truly has your best interests at heart. A good mortgage broker will sit down with you to discuss your financial needs and goals, and they will help locate a mortgage plan based on those parameters. A good broker will never recommend a new mortgage or home refinance mortgage program outside of your budget, or push you towards a plan or policy you aren’t enthusiastic about. Good brokers are compassionate and transparent. They will answer any and all questions, and are not hesitant to provide information, documents, or anything else you may need throughout the mortgage process. They should be upfront about prices and be clear on just how much everything is going to cost you.

How Do I Find a Good Mortgage Broker?

Good mortgage brokers are far and few between. Start with what is known. Ask friends, family or coworkers who have recently purchased a house if they have any brokers they recommend. If not, they may know someone who does. After that, shop around. See what mortgage brokerage firms are in your local area. Visit their websites, read about their work and experience, and visit Yelp! and other websites to obtain real customer reviews. Take the time to call up each brokerage firm and ask questions. Ask them what makes them qualified to help you, describe your situation, ask how much it will cost you (roughly) to use their services. Do they take their commission from you or the lender? You can get a pretty good idea of how brokerage firms handle their customers by the way the handle phone inquiries. If they’re kind, patient and helpful, they’re a good candidate. If they seem exasperated, rude, impatient, or simply unhelpful, move along to someone else.

Talk to EZ Online Mortgage

EZ Online Mortgage is proud to be one of the top-rated mortgage companies in the state. Our team of experienced mortgage professionals is passionate about providing customized, hands-on care to every customer. With 24/7 service and virtual offices all across the state, we offer you unparalleled ease and convenience when it comes to the mortgage process. Regardless of your financial situation, we have mortgage options for you—at some of the best home loan rates California! Interested in learning more? Sit down with us to discuss your mortgage situation today for free. Just call to book your free consultation.

 

HARP 2 Refinance California Great Option for Homeowners

  If you’ve been paying attention to the real estate and mortgage market recently, you may have noticed that current mortgage rates in California are lower than ever. Those poised to get a mortgage today will save thousands more on interest than their predecessors. In the midst of these low prices, you may have thought to yourself, “Now would be a great time to refinance!” Unfortunately, however, for those underwater on their home, a refinance can seem like a fantasy at best and a total impossibility at worst. If you want to refinance but owe more on your mortgage than your home is worth, never fear. There is an option for you. With HARP 2.0 refinancing, you can free yourself of your burdensome old mortgage and save thousands per year with a new, better loan.

What is HARP?

                What is a HARP refinance California? HARP stands for Home Affordable Refinance Program. We’ve all heard about people who lost their homes in foreclosures during the housing boom and the subsequent housing crash. Many people got saddled with homes worth far less than their mortgages. To help out responsible borrowers facing this situation, the Obama administration rolled out the HARP program in 2009. It has recently been revamped into a new and improved version called HARP 2.0. HARP 2.0 has seen huge success and has helped thousands of people underwater on their mortgages refinance their homes. In fact, according to the Federal Housing Finance Agency, in 2012, twenty percent of all U.S. refinances in May were under the HARP program.

Who Qualifies for HARP?

            HARP is a great program for homeowners, with lenient loan terms and ideal interest rates. In fact, a HARP refinance California is seen as an attractive opportunity for many homeowners. Unfortunately, only some qualify. HARP qualifications are strict and limited to homeowners underwater on their mortgages. Additionally, to qualify for a HARP refinance California, you must meet the following requirements: 

-Your mortgage must have been backed by Fannie Mae or Freddie Mac before June 1, 2009.

– You must be current on your mortgage and must not have made any late payments in the last six months. A late payment is classified as a payment that is more than 30 days overdue.

-Additionally, you must not have more than one late payment in the past 12 months.

-This must be your first refinance through HARP. If you have refinanced through HARP 1.0, you do not qualify for HARP 2.0. 

Why Apply for HARP? 

            Current mortgage rates in California are at historic lows. If you are on a 30-year fixed mortgage or even a 15-year one, the interest rates you are paying monthly are likely substantially higher than the rates today. Today, rates are hovering between 3 and 4%. Refinancing is a great way to start paying what your home is actually worth, and save money in the process. In fact, you can save hundreds of dollars per year! Use the money to consolidate your loans, go back to school, invest in a second property, start a business, or go on the vacation you’ve always been dreaming of. Additionally, a HARP refinance may allow you to change the terms of your loan. If you want to pay off your mortgage faster or get a more amicable mortgage plan, a HARP 2.0 refinance could be a great choice for you. 

Ready to Start?

            If you’re ready to refinance or want to know more about it, visit www.ezonlinemortgage.com. EZ Online Mortgage is an accredited mortgage brokerage with virtual offices all across the state. We offer you unparalleled ease and convenience when it comes to applying for a HARP 2.0 loan. Book your free consultation today!

Tips for Buying a Vacation Home California

California, one of the biggest states in America, is truly a geographical marvel. In almost no place else can you ski and surf in the same day, all while enjoying fantastic weather year round. Everything from the people to the cities seems brighter, warmer-after all, there’s a reason they call it the “Golden State.” In short, if you’re looking to buy a vacation home California is a great choice.

Chances are, though, that if you’re looking to buy a vacation home you are also looking for a mortgage to finance that home with. If you’ve been interested in purchasing a vacation home for some time now but weren’t sure how to proceed with a mortgage, it is in your best interest to hire a professional mortgage broker. A broker will serve as a valuable middleman between you and the lending agent. He or she will help you gather all the necessary documents and information, help you complete and submit the application, and negotiate with the lending agent on your behalf to make the process as smooth as possible.

Looking for a good mortgage broker? Consider EZ Online Mortgage. We are an accredited mortgage brokerage firm noted for our top-notch service and high rates of success!From pre-approval mortgage loans in California to jumbo loans, we have mortgage plans to suit your unique needs. With a high level of quality and round-the-clock customer service, it’s no wonder why we are one of the best mortgage broker choices in California! See the difference yourself with the wide variety of services and mortgage loans we offer.

 Pre-Approval Mortgage Loans in California

 EZ Online Mortgage makes the mortgage application process fast and easy. We get you from open to close faster than anyone else, giving you an advantage over the competition. By getting a fast loan, you can lock down your dream vacation house, without fear that someone else will get it first.

That’s why we are pleased to over pre-approval mortgage loans in California. Pre-approval makes you more appealing to the lender and makes the mortgage process much faster. And there’s no one better qualified to carry pre-approval mortgage loans in California than EZ Online Mortgage. Regardless of your past credit history or current financial situation, we have mortgage options for you! From adjustable-rate loans to long-term fixed ones, we have mortgage options to fit your unique specifications. Your dream vacation home is only a phone call away-can you see yourself sipping a margarita already?

 Jumbo Loans California

You’ve worked hard, and now you’re ready to play hard. If you’ve been dreaming of the perfect vacation home and are now ready to splurge for all the luxury, space, and convenience you deserve. However, with bigger, better vacation homes come higher price tags. If you’re looking for a vacation home and are searching for jumbo loans California , look no farther than EZ Online Mortgage.

EZ Online Mortgage can help you secure California jumbo loans quickly and easily. Our team of talented mortgage brokers and mortgage experts have decades of experience in the California mortgage market. They have helped hundreds of individuals and families secure California jumbo loans for their vacation homes.

If you’re interested in our high-quality, hands-on service, visit us online at http://www.ezonlinemortgage.com today to book your free consultation!