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California Mortgages (CA)According to PMI Group, seven of the top ten housing markets vulnerable to price declines are in California. The report sees a return to “normal” appreciation in house prices to an average of 4 to 6% a year, meaning that real estate is still a solid investment. With national and local economies remaining strong, a soft landing is expected in California after rapid increases in housing prices the past few years. Mortgage rates fell slightly in early April, making this a good time to purchase or re-finance a home in California. Quick California Housing factsPercent of Californians who own a home: 56.9%Percent of Renters in California: 43.1% Median California Household Income: $48,912 Best City to live in California: Mill Valley, California How much house can I afford in CaliforniaBecause of the high cost of housing, one of the biggest problems facing California homebuyers is figuring out how much house you can afford. We have some great mortgage calculators that can help you figure how much home will fit into your monthly budget. Don’t forget there are many other home options out there specifically for California residences. We work with local and national lenders to make sure that you get the best rate possible.Request a California Mortgage Quote >> Refinancing in CaliforniaRefinancing is a great way to consolidate all your monthly payments into one low monthly payment and get out of debt once and for all. This type of refinance is commonly called a cash out refi. Other reasons why you might want to refinance is to switch from an adjustable rate mortgage or interest only mortgage to a fixed rate mortgage. Since mortgage rates are still extremely low, it makes sense to refinance sooner then later.
This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states. |
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