Archive for the 'business decision' Category

Shop for the Best Rate in California Home Loans

Monday, October 30th, 2006

The California market is being predicted to have a plethora, a whole pot full of foreclosures.  The reason there are going to be so many foreclosures is because the mortgage brokers, real estate agents and lenders were all in a hurry to make a lot of money in 2005 and 2006 and they are always going to make a loan that everyone can make a profit.  They do not care about the borrower, except that they can justify borrowing the money from the feds or another lender and meeting the minimal requirements for lending money in the State of California.

The best rate available is the one you can afford.  There are no ifs ands or buts when it comes to taking out a California Home Loan.  If you can afford it, really afford it, then you have a great loan at the best available rate.  If you are pushing to get yourself into a piece of property because you think it has great investment value, then you are making a business decision and that is great.  If you are pushing to get into a house because it has 3 bedrooms, but you are going to default in 3 years, then this is a home loan that is too expensive.

Remember, a home equity loan or an equity line of credit must still meet its own criteria for you.  Seal the deal when you can really afford it and make sure to get at least 3 different bids from 3 different lenders with 3 different board of directors and stockholders.

    • Posted in California Home Loan Rates, foreclosures, real estate agents, loan, profit, borrowing the money, lending money, property, investment value, business decision, default, equity line of credit | 1 Comment »