Insider Mortgage Advice For California Homeowners






Mortgage Refinancing Articles

home financing

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Origination Fee and Points

February 21, 2009

Here are several tips to help you avoid excessive points and fees when refinancing AND save you thousands of dollars in the process.

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P.O.C Mortgage

January 9, 2008

If you are in the process of refinancing your mortgage you might encounter POC charges. POC stands for “Paid Outside of Closing” and is a fee paid to your mortgage broker. Why does your broker receive this money and should you be concerned about how it affects your mortgage rate? Here are several tips to [...]

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How to Read Your HUD-1 Settlement Statement

January 5, 2008
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If you’re in the process of closing on a new mortgage loan to purchase your home or refinance an existing mortgage, you might find the paperwork provided confusing and misleading. You may have already received a copy of the Good Faith Estimate from your discount mortgage broker and are finding that the actual closing costs [...]

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Yield Spread Premium for Dummies

November 25, 2007

Many homeowners have never heard of Yield Spread Premium and do not understand why their mortgage rate is marked up. Yield Spread Premium sounds complicated; however, once you understand why it’s there, you can avoid paying this unnecessary markup. Cutting the fat from your mortgage rate by as little as a quarter point can lower [...]

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Wholesale Mortgage Lenders

September 20, 2007

If you are in the market for a new mortgage either to purchase your home or refinance an existing loan, you might wonder if a wholesale lender could save you money. Most homeowners in the United States do not understand how the mortgage markets work and are unable to take advantage of wholesale rates even [...]

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