Broadview Mortgage's blog

How a Mortgage and Financial Literacy Affect Teenagers and Young Adults

The teen years are often the first time your kids will start to earn or manage their own money, either through a part time job or an allowance. It’s important to establish good financial habits now as it can pay huge dividends in the future. Teaching your children to be smart about money will not only benefit them in the long run but you as well. While it’s important to talk to your children about their finances, it may often be difficult to find a place to start.

What's the Point?

When discussing a mortgage, what exactly are points and why are they important? Simply put, points are a percentage of your loan amount. For example, 1 point on a $100,000 loan is $1,000 (1%). Points are important because they can be used buy down your rate as well as a few other uses. Don’t worry we’ll go into more detail in a minute.

Happy Holidays!

May the magic and wonder of the holiday season stay with you through the coming year!

Warmest greetings and best wishes!!!

Complete Loan Limits 2018

We hope you are all having a wonderful holiday season! For this week’s blog we wanted follow-up on our previous article regarding maximum loan limits. We are excited to announce we officially have the 2018 loan limits for FHA and VA. Please refer to the images below for a break-down of loan limits by county, loan type, and type of residence. We’ve chosen to highlight the counties closest in proximity to our branch locations, but rest assured we lend to all counties in CA. 

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