If you’ve ever applied for a mortgage loan, you’ve probably seen the term annual percentage rate (APR). The APR represents the total cost of financing your home, expressed as a…

For reference, an interest rate is the amount of interest due over the term of a loan as a percentage of the principal, or the amount borrowed. The interest rate…

When applying for a mortgage, mortgage lenders will look at a variety of factors and financial documents, but one of the items that most people don’t think about is large…

By law, borrowers refinancing their Conventional mortgage loan receive a mandatory three day period after signing their final loan documents. During this recession period, the borrower can rescind or cancel…

A non-qualified mortgage (non-QM) doesn’t adhere to the lending standards set out by the Dodd-Frank Act. These regulations were originally issued to ensure borrowers have the ability to repay their…

What is an ARM? An Adjustable-Rate Mortgage (also called a variable-rate or floating mortgage) is a type of mortgage where the interest rate applied to the outstanding balance varies throughout…

The Supplemental Real Property Tax Law was signed by the Governor in 1983 and is part of an ambitious drive to aid California’s schools. This property tax revision produces over $300 million per year in revenue for schools….

Interest rate volatility refers to the variability of interest rates on loans and savings over time. As a business owner, it’s vital to recognize and track interest rate volatility to take advantage of high savings rates and…

The Covid-19 pandemic has brought an influx of change this year – specifically with trends directly impacting the real estate market.  The residential real estate market was tight, with deficient…

When a self-employed borrower applies for a mortgage loan, there are additional layers of scrutiny that they will face due to a tightening of credit in the capital markets. While…