213 Main St. San Andreas, CA 95249 $225,000

So much charm & character in this classic craftsman style home built in the early 1900s. Wraparound & covered 100 yr old weathered wood porch. High ceilings & spacious living room w/vintage built in hutch, 3 beds & 2 baths w/ retro tile & pedestal sink. classic & charming … [Read more...]

Mortgage Rates

The more you know about the mortgage process the better. Figure out your monthly payment by using the Mortgage Calculator. [mortgage title="Mortgage Calculator" mortgage_term="30"] … [Read more...]

A-B Terms

Adjustable Rate Mortgage (ARM): A mortgage loan with payments usually lower than a fixed rate initially, but is subject to changes in interest rates. There are a variety of ARMs that can have an initial interest rate that lasts three to 10 years, adjusting annually thereafter. They are described as … [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...]

C Terms

C Call Option - A provision in a loan that gives the lender the right to accelerate the debt, and require for full payment of the loan immediately, at the end of a specified period or for specified reason. Cap - A provision of an adjustable-rate mortgage (ARM) that limits how much the interest … [Read more...]

J-L Terms

J Joint Tenancy - A form of co-ownership that gives each tenant equal undivided interest and rights in the property, including the right of survivorship. Contrast with tenancy in common, tenancy by the entirety. Judgment - A decree by a court of law that one person, a debtor, is indebted to … [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...]

T, U, V Terms

T Tax Bracket - Please select the tax bracket you fall under. If you are unsure what tax bracket you are in, you may want to speak with an accountant find out. Tax Savings - This is the amount of money you save in income taxes. You save this money because in most cases the interest you pay on … [Read more...]

W-Y Terms

W Warehouse - A closing-cost fee representing the lender's cost of holding a borrower's loan temporarily prior to being sold on the secondary mortgage market. Y Year Acquired - The date you acquired your existing mortgage, used to determine your remaining balance. Year-End Statement - A … [Read more...]