Tehama CA Mortgage Rates

Fixed-Rate Mortgage Loan Tehama 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 Tehama CA mortgage borrowers:

Everything you need to know about purchasing a rental property:

As per National association of realtors. Approximately 20% of the purchase loan happening now a days is for rental property. That is because the new generation got caught off in mortgage crisis and high student loans accumulated. As such desire of these new millennial to come up as first time home buyers is slow. Can’t blame them but that is what the market is today.

Whether you wish to buy a rental as vacation or long term rental. Its a big step.

Rental Property Qualifying Tip

If you are mortgage borrower who has several rental properties then qualifying you for rental may be about tough. However if you are a borrower looking to buy a rental property we can count 75% of t e rental income expected as shown from appraisal report as your income.

In other words. Assume that your mortgage payment that is Principal Interest Taxes and Insurance is $ 1500. Let’s assume that the rental as shown on the appraisal to your property is $ 2000. We can consider 75% of $ 2000 that is $ 1500 as your rental income. So your mortgage for rental is set off by the proposed rental income. So a borrower doesn’t need any additional income for rental to qualify for mortgage.

Call Tehama CA mortgage expert below 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