2623 Glen Crt Valley Springs CA

MLS #1700929 Nice lot in the La Contenta Golf Course community in the central California foothills. This nicely treed lot is .42 acre, and is level off the street with slight down slope.   Public water & sewer available, private setting near Hogan Lake and walking/biking trails. Just a golf … [Read more...]

538 Brookline Ct La Contenta Valley Springs

Virtual tour http://tours.ToddsFotos.com/729724?idx=1 Offered at $389,000 Welcome Home to this wonderful family home on a quiet cul- de-sac on level .37 acre lot near the Lake & Golf course. Private setting with fenced backyard and mature landscaping. Great floor plan with 4 bedrooms and … [Read more...]

870 Carson Dr La Contenta Valley Springs, Ca Offered at $365,000

Private setting at the end of a cul de sac within walking distance to the trails at New Hogan Reservoir. Or jump in your golf cart and head to the 1st tee at La Contenta Golf Club You’ll love the spaciousness of this two story 3 bedroom 2441 sq ft. 2.5 bath home on .43 acre lot. Master suite on … [Read more...]

C, D, E, F Terms

Cap: A limit, such as that placed on an adjustable rate mortgage, on how much a monthly payment or interest rate can increase or decrease. COFI: Acronym for 11th District Cost of Funds Index, a common index to which loans are tied. The COFI is tied to interest paid on savings … [Read more...]

N, O, P Terms

Negative amortization: When the payment on a loan is less than the interest that accrues on the principal. The balance of interest owed is added to the total loan. Origination: The process of preparing, submitting, and evaluating a loan application; generally includes a credit check, verification … [Read more...]

Q-Z Terms

Refinancing: The act of paying off one loan by obtaining another. Refinancing is generally done to secure better loan terms, such as a lower interest rate. RESPA: The Real Estate Settlement Procedures Act is a 1974 law aimed at protecting consumers by requiring disclosures (including a Good Faith … [Read more...]

F-G Terms

F Fair Credit Reporting Act - A consumer protection law that regulates the disclosure and use of consumer credit information, establishes rules for credit reporting to consumer credit reporting agencies, and establishes procedures for a consumer to view his or her credit report and correct … [Read more...]

H-I Terms

H Homeowner's Insurance (Hazard Insurance) - Insurance coverage that compensates for physical damage to a property from fire, wind, vandalism, or other hazards. The policy typically combines personal liability insurance and property hazard insurance coverage for a dwelling and its contents. See … [Read more...]

M-N Terms

M Margin - For an adjustable-rate mortgage (ARM) or home equity line of credit, the amount that is added to the index to establish the interest rate on each adjustment date, subject to any limitations on the interest rate change. The margin is static and will not change during the life of the … [Read more...]

Q, R, S Terms

Q Qualifying Ratios - Calculations that are used in determining whether a borrower can qualify for a mortgage. They consist of two separate calculations: a housing expense as a percent of income ratio and total debt obligations as a percent of income ratio. Quit Claim Deed - A deed that … [Read more...]