What are impounds? 

Script: When you buy a home, you are responsible for paying property taxes to the local tax assessor. In most California counties, taxes are due in 2 equal installments twice per year.  As an example – if you buy a $500,000 house you are looking at a little over...

What is a mortgage rate lock?

Transcript: Hey everyone. So let’s talk about rate locks. What does it mean when your loan officer tells you that they’ve locked a rate in for you? Well, interest rates fluctuate with the market, and they change constantly. Sometimes they go up or down...

VA loans, Veteran home loans, special VA rates

Transcript: Hey everyone, I’m going to keep this week’s mortgage update very brief. We are heading into the 4th of July weekend. And this is a great; time for me to think about our heroes. Our veterans who defend our freedoms every day; I happen to be the...

Should I Wait to Refinance?

Transcript: Hey everyone. So we’ve spoken with many people who would benefit from a refinance today and save hundreds, if not thousands of dollars monthly and over the life of their loans. Several have chosen to wait and see if rates continue to go down. This is...