Woodland-Brooks CA Mortgage Rates Today

Fixed-Rate Mortgage Loan Woodland-Brooks CA

Conventional Fixed-Rate Mortgages	Rate	APR
30-Year Fixed (conforming)	3.875%	3.946%
20-Year Fixed (conforming)	3.625%	3.723%
15-Year Fixed (conforming)	3.250%	3.374%
10-Year Fixed (conforming)	3.250%	3.430%

Affordable payment can help you shop through a variety of lenders, banks, mortgage brokers and providing you custom rates without any of these banks, lenders, brokers. You do not have to give out your personal information to any of these brokers or lenders. Get qualified for the lowest mortgage and right program and excellent support from Affordable payment.

In this Article we shall focus on answering some common queries of Woodland-Brooks CA mortgage borrowers:

How much Down Payment For rental Property?

You require a minimum of 20% as down payment to qualify for regular mortgage rates. A lower down payment than 20% is also available like 15% but that would be the most expensive in terms of rate and mortgage insurance.

A few more points about investment properties:

A rental property is available only through Fannie Mae and Freddie Mac. You cannot purchase rental or even second home through FHA VA or USDA

Occupancy Fraud: Dont lie on your mortgage Application:

One of the common fraud is buying a home as primary residence and then later renting it out. What borrowers need to understand is that lenders have access to very powerful technology tools as everything is being reported and integrated. So when you have lender who asks you how do you intend to use the property. State it correctly.

Else the lender can:

a. Call the full mortgage balance due

b. Turn the file to the FBI

c. Large Financial Penalties and Fine

d. Prison

You can contact your Woodland-Brooks CA mortgage expert to get you the lowest mortgage rate on your refinance.

For more information visit www.affordable-payment.com or call 323-705-3191 if you are a California Mortgage borrower. 

 

Artical by Roger Shanker